By Narayan Ammachchi
Private equity firm Blue Loop Capital acquired international software consulting company Yuxi Pacific for an undisclosed price.
Based in the Greater Philadelphia area, Yuxi Pacific has more than 150 staff worldwide, and offices in the United States, Asia and Latin America.
“This acquisition fuses Yuxi Pacific’s strong brand, loyal customer base and deep understanding of Big Data technology with Blue Loop Capital’s proven track record of growing portfolio companies with our significant sales and marketing expertise,” said Bill Jarvis, CEO of Blue Loop Capital.
The equity firm says it will help Yuxi expand its footprint and offer a range of value-added services in new markets.
“With this acquisition, Yuxi Pacific can accelerate hiring and double-down on our investment in cutting edge technology to solve some of the publishing industry’s most difficult challenges,” said Michael Puscar, Founder of Yuxi Pacific.
Founded in 2005 by two entrepreneurs with experience in the publishing industry, Yuxi Pacific quickly garnered a significant number of clients in North America. In 2011, the company launched a software development center in Medellin, Colombia.
The software consulting firm stated in a press release that it ‘expects to immediately expand operations in the United States, Latin America, Europe and Asia.’
Analysts say the investment will reinforce Yuxi Pacific financially, helping it to capitalize on the demand for Big Data analytic services.