Grid Dynamics acquires NextSphere Technologies, terms not disclosed

Grid Dynamics announced that it had acquired NextSphere Technologies-a full-service custom application development firm. With over 200 employees across US and India, Nextsphere Technologies will support Grid Dynamics’ objectives of enhancing its technical offerings, expanding in global footprint, and increasing its client base. "The acquisition of NextSphere Technologies enhances our technical capabilities and expands our global footprint. With a proven track record of serving customers across the Healthcare, Fintech, and CPG/Manufacturing industries, Nextsphere Technologies’ expertise will complement Grid Dynamics’ offerings to existing and new customers. Additionally, the industries where Nextsphere Technologies has focused are key to Grid Dynamics’ Gigacube strategy of diversifying and growing to a billion-dollar revenue company. With its headquarters in Tampa and delivery operations in India with Hyderabad and Chennai as the key centers, the acquisition strengthens our global delivery position in serving our clients", said Leonard Livschitz, CEO of Grid Dynamics.