10Pearls Acquires Costa Rica-Based Digital Technology Services Company, Proximity

Fast-growing company expands its nearshore presence through strategic acquisition of key provider.

10Pearls, an end-to-end technology product innovation and digital acceleration company continues its global expansion with the acquisition of Proximity, a nearshore software development company based in Costa Rica.

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Founded in 2011 by Adolfo Cruz-Luthmer, Proximity specializes in agile software development and engineering teams, QA testing talent, and innovation services. The company will bring its top engineering talent and best practices and methodologies to 10Pearls, further expanding the digital transformation company’s technology solutions.

This strategic acquisition follows Likeable’s acquisition and significantly expands 10Pearls’ nearshore capabilities with an additional 120 highly qualified engineering resources. Together, the companies will offer a key strategic advantage to businesses looking to accelerate innovation and time to market — location. With this acquisition, 10Pearls total headcount has exceeded 1,000 employees, a key milestone. 10Pearls has managed to balance strong growth and culture by aligning with entrepreneurs who share similar values with respect to social impact and giving back.

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“Proximity’s addition gives us a tremendous edge in providing top quality, scalable development services from a nearshore location,” said Imran Aftab, 10Pearls CEO. “The wave of digital transformation that has come in the wake of the pandemic has caused organizations to struggle with technical talent and building high-velocity teams. Given these unpredictable times, businesses are leaning on technology partners to tap into diverse talent, cultural alignment, and similar time zones to accelerate digital transformation. This acquisition increases our ability to put additional teams in place to evolve products and services that address the new realities we are living.”

“Joining 10Pearls gives Proximity the global platform to help businesses become more agile and productive, and ultimately accelerate through digitalization,” said Proximity CEO, Cruz-Luthmer. “We look forward to using our combined capabilities and share our culture of being double-bottom line focused, to maximize the value we can create for our clients and are extremely excited to see what the future holds.”

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