3Pillar Global, a leading developer of breakthrough digital products, today announced it is expanding its business through the acquisition of digital engineering firm Chenoa Information Services. Chenoa was an early entrant into the low-code and no-code development market that is estimated by Gartner to be USD27 billion in 2023. The acquisition augments 3Pillar’s deep experience in providing cloud-native product development with Chenoa’s low-code and nocode development services while building greater scale in AI and machine learning capabilities across the combined entity. Chenoa’s expertise in Banking, Financial Services and Insurance further enhances 3Pillar’s extensive expertise in these sectors.
Avendus Capital Inc. served as the exclusive financial advisor to Chenoa Information Services on this transaction.
About Chenoa
The acquisition of Chenoa will add 425 team members to 3Pillar’s growing global footprint across nine countries. With global offices and delivery centers distributed across time zones in the U.S., Latin America, Europe and APAC, 3Pillar continues to deliver high-quality digital product development services and innovation.
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