December 13, 2021
Clearsight Advises Modus Create on an Investment by JLL Partners
Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce another successful transaction in its leading Digital Transformation and Cloud practices. Clearsight served as the exclusive financial advisor to Modus Create, Inc. (“Modus” or the “Company”) on a strategic growth investment by JLL Partners (“JLL”).
Modus is a premier cloud-native product development firm and digital transformation consultancy based out of Reston, VA. The Company’s team of 400+ agile developers, strategists, designers and security professionals are located throughout the world, with prominent delivery centers in Costa Rica and Romania. Modus provides world-class digital services in Customer Experience (CX) and User Experience (UX) research and design, full-stack cloud engineering, strategy consulting and DevSecOps to a roster of blue-chip clients, including Audi, Pfizer, Wayfair and Geico. The Company recently launched a new security consulting practice and has deepened its technology partnerships with industry leaders like Atlassian. JLL brings tech-enabled services expertise and additional leadership to Modus, allowing the Company to broaden its suite of capabilities and better serve global markets.
Modus Co-founder and Managing Partner Pat Sheridan applauded the transaction, “From our very first interaction with Clearsight, it was apparent the team possessed an unparalleled knowledge of our space and a committed work ethic. The Clearsight team really took the time to understand the complexities of our business and create an attractive go-to-market strategy. Clearsight provided us with numerous attractive options and was ultimately able to lead us to a fantastic outcome with JLL.”
Jay Garcia, Co-founder and Managing Partner at Modus, added, “After considering many advisors, we felt Clearsight was best able to position Modus for a successful next step in our company’s growth journey. The team provided tremendous value during the entire deal process, helping us narrow in on an ideal buyer in the end. As a result, we are looking forward to the opportunities for growth and expansion we will have with JLL as a partner. I would absolutely recommend Clearsight to anyone evaluating a potential transaction.”
Philo Tran, Managing Director and Head of Clearsight’s Digital Transformation Practice, commented, “It was an absolute pleasure to work with Pat, Jay and the team on this landmark transaction for Modus. They have built a platform with rocket boosters as proven by their growth in 2021. The Company’s modern product design and engineering capabilities combined with a unique global delivery model made Modus an extremely attractive target in this white-hot digital transformation M&A market. I am excited to watch them expand their track record of success and market reach with JLL.”
Alex Johnston, Director and Co-head of Clearsight’s Cloud Practice, continued, “We immediately knew Modus Create would be a groundbreaking platform for investment. The founders demonstrated unmatched vision in operationalizing futurist concepts around open-source software and talent. Their eye for software’s role in the modern enterprise and success in building a globally distributed talent model with a thriving culture stand out as extraordinary and unique. We are thrilled they found a partner in JLL who will help them bring their innovative company to new heights.”
The Clearsight deal team included Philo Tran, Alex Johnston, Sonya Lu, Jonathan Holland and Cameron Coombes.