The announcement of Formidable’s acquisition is a strategic leap forward for Nearform who have gained significant momentum over the past two years, following the December 2020 investment from Columbia Capital, the 2022 appointment of Satty Bhens (ex-McKinsey & Company Digital Partner) to the Nearform Executive Board, and most recently in May, the appointment of Koby Avital (former EVP of Technology Platforms at Walmart) as Strategic Advisor.
Commenting on the transformative partnership, Ciarán Cosgrave, Chief Executive Officer at Nearform said, “Bringing Nearform and Formidable together felt like a natural fit from the start; we share a common heritage in the craft of design and engineering and a firm belief in the power of code to be a force for good and deliver enduring positive outcomes for our people, our clients and our communities. Our collaboration combines the artistry of expertly-crafted code with a relentless commitment to innovation that will empower a broader spectrum of enterprises. Together, we’re in a strong position to become one of the leading premium independent creators of software solutions.”
“Nearform joining forces with Formidable brings two pioneers of the open source web platform together to make a professional services powerhouse – we’re so excited for what happens next”, added Nearform founder Cian O’Maidin.