August 2, 2023 - ISELIN, NJ
Iselin, NJ; August 2, 2023 – Myridius, a global digital transformation services provider, announced the acquisition of Woodridge Software, a FinTech focused software development firm based in Colorado. Woodridge provides services to clients in a range of industries with strong specialization in financial services and has successfully delivered projects to banks and credit unions across the United States, Canada, and Europe. Woodridge has extensive partnerships with leading financial technology companies including Temenos, Alloy, Personetics, and MaxMyInterest.
With over two decades of software development, UX design and technology integration experience, the highly skilled Woodridge team helps financial institutions create revenue generating products and services that drive their customers’ businesses forward and improve their profitability. Their customer-first approach to building software and knowledge in architecting secure, easy to use banking systems, makes them a technology partner of choice for financial institutions as well as an ideal addition to Myridius.
As a result of the acquisition, Myridius has expanded its delivery team in the U.S. which strengthens Myridius' existing capabilities in strategy, design, development, and operations for the financial services industry.
“We are very excited to welcome the talented team of Woodridge Software to the Myridius family,” said Ramesh Ramani, Myridius CEO. “The Woodridge team expands our geographic footprint in the Western U.S. and deepens our offering of solutions, especially in the financial services market. In joining the Myridius team, Woodridge clients have access to a larger portfolio of solution offerings as well as access to world class offshore service delivery.”
By combining the companies, clients will have access to more resources to accelerate their digital transformation journeys. The collaboration between Woodridge's highly skilled onshore delivery team and Myridius' quality offshore resources in India and the Philippines will empower our team to take on larger projects and provide even better service to our existing clients.
“Woodridge has been built by an extremely dedicated team, whose talents allow us to exceed our client’s expectations. Myridius allows our team to continue to grow, and their culture of exceptional people is a great fit,” said Kaj Gronholm, Woodridge CEO. “We are looking forward to growing the combined company and allowing our people to thrive and helping our clients expand with exceptional software.”
DLA Piper LLP served as legal counsel to Myridius Global Services, and Technology Holdings, led by Terry Kavanaugh and Rahul Malpani, advised Woodridge on the transaction.
To learn more about Myridius and its digital transformation services, please visit myridius.com.
ABOUT MYRIDIUS
Myridius, formerly Myridius, leverages over 50 years of expertise to deliver transformative technology solutions. We specialize in AI-driven strategies, digital engineering, cloud innovation, and data analytics to solve industry-specific challenges.
In an era of generative AI and advanced digital systems, Myridius helps businesses unlock new opportunities, drive growth, and stay ahead. With a focus on tangible outcomes, we convert complex challenges into groundbreaking innovation, ensuring sustainable success.
Discover how Myridius can help your organization thrive. Visit www.myridius.com.
ABOUT FRONTENAC
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50+ years, Frontenac has built a franchise working with over 300 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit frontenac.com.