Siguler Guff, a private markets investment firm, has made a majority investment in Solvd Inc., a technology consultancy and software engineering company.

With this investment, Solvd aims to expand its distributed development division and looks to strengthen its advanced capabilities in test automation, application development and DevOps for its clients. The company also looks to support its management team by adding senior sales and engineering-focused profressionals in the U.S.

“Having previously invested in industry leaders EPAM Systems and GlobalLogic, our firm is focused on backing digital transformation,” says Drew Guff, managing partner and founding partner of Siguler Guff. “We couldn’t be more excited to continue this commitment by partnering with the Solvd team to support the development of their outstanding software product and client services. We look forward to working together in this new phase of accelerated growth and expansion of the Company’s delivery footprint.”