US-based global technology company ThoughtWorks said that it has agreed to acquire Romanian software development and consulting services firm Gemini Solutions for an undisclosed sum.
This acquisition is expected to significantly improve ThoughtWorks' ability to support and service clients, especially in Europe, the Chicago-based company said in a press release on Wednesday.
The transaction is expected to close later this month, subject to the satisfaction of closing conditions.
The Gemini Solutions team will provide nearshore support for ThoughtWorks’ clients in the UK and Germany as well as continued support for existing clients in North America, France and Germany.
Serban Tir, previously the chief technology officer of Gemini Solutions, will serve as general manager of ThoughtWorks Romania.
"The team will form a key part of ThoughtWorks’ global as well as European expansion plans. We have been seeking a premium partner to help increase our nearshore delivery capability and capacity especially in Europe and Gemini Solutions is a strong fit," ThoughtWorks president and CEO Guo Xiao said.
Gemini Solutions was founded in 2005 in San Francisco by Romanian entrepreneurs Theo Nissim and Florin Parlea, a group of Silicon Valley Romanian technologists. The company's main activity is in Romania, where it has over 170 team members working in offices located in Bucharest, Cluj and lasi.
Founded in 1993, ThoughtWorks currently provides software design and delivery, and tools and consulting services through 43 offices in 14 countries.