Siguler Guff Acquires A Majority Stake In Solvd Inc., An Emerging Leader In Digital Engineering Services

Solvd Inc. ("Solvd" or the "Company"), a global technology consultancy and software engineering company, today announced that it has secured a majority investment from Siguler Guff & Company, LP ("Siguler Guff'), a global multi-strategy private markets investment firm with deep experience in the digital product development industry. With Siguler Guff's support, Solvd can continue to expand its distributed development division and will seek to strengthen its advanced capabilities in test automation, application development, and DevOps for its clients. The Company will also look to further support its management team by adding senior sales and engineering-focused professionals in the U.S.