Grid Dynamics acquires Mutual Mobile

29 December 2022 y.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation services and solutions, today announced the acquisition of Mutual Mobile, an innovation leader that brings digital experiences to life through an integrated approach to design and technology. With around 200 employees across India and North America, Mutual Mobile will contribute significantly to supporting Grid Dynamics' objective of diversifying its global client base and enabling quality engineering talent to join the company. Founded in 2009, Mutual Mobile, based in the USA and India, offers end-to-end design and development of next-generation applications, combining mobile, augmented/virtual/mixed reality, and cloud edge / IoT practices. The company is also well known for providing services related to native cloud development, product design, and custom software engineering for technology startups as well as Fortune 500 enterprises. The company has developed wide-ranging, award-winning technical solutions for prominent global brands across numerous industry verticals, with Technology, Healthcare, Automotive, and Financial Services representing the top verticals by revenue.

"The acquisition of Mutual Mobile accelerates our strategic expansion into the India engineering market and further solidifies Grid Dynamics' commitment to global growth. Their technology leadership and deep engineering skills, particularly in the area of mobile technologies and UX expertise, will enhance our ability to mobilize highly-skilled teams to support our clients in building innovative, end-to-end digital solutions. With the acquisition of Mutual Mobile, we have continued to strengthen our position as a global technology company", said Leonard Livschitz, CEO of Grid Dynamics.

"Teaming up with Grid Dynamics empowers Mutual Mobile to offer our clients new solutions far beyond the realm of emerging technologies. The immense service offerings of Grid Dynamics means our customers now have access to a powerhouse capable of delivering unrivaled business results. Most importantly, we are joining an organization that shares our philosophy that incredible employees are paramount to unleashing incredible innovation," said John Arrow, CEO of Mutual Mobile.

About Mutual Mobile

Headquartered in Austin, TX, Mutual Mobile brings digital experiences to life for global brands through an integrated approach to design and technology and specializes in using emerging technology to design and develop new applications. Mutual Mobile core offering spans edge and mobile computing, augmented virtual, and mixed reality, Internet-of-Things (IoT), connected devices, and conversational interfaces.

About Grid Dynamics

Grid Dynamics (Nasdaq: GDYN) is a digital-native technology services provider that accelerates growth and bolsters competitive advantage for Fortune 1000 companies. Grid Dynamics provides digital transformation consulting and implementation services in omnichannel customer experience, big data analytics, search, artificial intelligence, cloud & devops, and application modernization. Grid Dynamics achieves high speed-to-market, quality, and efficiency by using technology accelerators, an agile delivery culture, and its pool of global engineering talent. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the US, Mexico, UK, Netherlands, Mexico, Switzerland, India, and Central and Eastern Europe.