Clearsight Advises number8 in its Acquisition by Software Mind

Clearsight Advisors, Inc. (“Clearsight”) is pleased to announce a successful transaction in its market-leading Digital, Data & Cloud practice. Clearsight served as the exclusive advisor to number8, LLC (“number8” or the “Company”) in its acquisition by Software Mind S.A. (“Software Mind”), backed by Enterprise Investors Sp. z o.o. and Ailleron SA.

Headquartered in Louisville, KY and founded in 2000, number8 provides nearshore software engineers to accelerate product development capabilities for clients across industries. number8’s team of ~300 engineers across the US and Latin America provide end-to-end software engineering services for Fortune 100 clients. With this acquisition Software Mind, a global digital transformation partner, will strengthen its American presence and increase its nearshore talent pool so that it can better provide remote, hybrid, and on-site support for companies at cost-effective rates. Adding number8’s experts to teams who combine ownership with leading technologies, including cloud, AI, data science, and embedded software, increases Software Mind’s ability to quickly build and scale cross-functional teams to accelerate digital transformations and boost software delivery.

Oliver Ray, CEO of number8, remarked, “Today marks a significant milestone in number8’s journey and we couldn’t have done it without Clearsight. The Clearsight team captured and conveyed what makes number8 special to the market while being incredibly intelligent and supportive advisors throughout this process. We are grateful for their tireless efforts, and I would absolutely recommend Clearsight to anyone thinking about an M&A transaction.”

Philo Tran, Managing Director at Clearsight Advisors, commented, “It is immensely gratifying to witness the culmination of David Easterling and Oliver’s hard work and strategic planning. number8’s relentless focus on client delivery and employee experience excellence has resulted in impressive client loyalty and growth. It’s been an honor to be part of number8’s journey and we look forward to the new accomplishments they will achieve with Software Mind.”

The Clearsight deal team included Philo Tran, Alex Johnston, Emily White, Emily Shepherd, and Jacob Beckner.