{"id":1047,"date":"2023-09-06T20:49:00","date_gmt":"2023-09-06T20:49:00","guid":{"rendered":"https:\/\/www.3pillarglobal.com\/?post_type=news&#038;p=1047"},"modified":"2024-08-24T18:59:05","modified_gmt":"2024-08-24T18:59:05","slug":"3pillar-global-acquires-chenoa-information-services-to-enter-27b-low-code-market","status":"publish","type":"news","link":"https:\/\/www.3pillarglobal.com\/news\/3pillar-global-acquires-chenoa-information-services-to-enter-27b-low-code-market\/","title":{"rendered":"3Pillar Global Acquires Chenoa Information Services to Enter $27B Low-code Market"},"content":{"rendered":"\n<p><em>Acquisition extends capabilities to address rapid software development demand fueled by generative AI-coding technologies and deepens vertical expertise in Banking, Financial Services &amp; Insurance<\/em><\/p>\n\n\n\n<p><strong>FAIRFAX, VA, September 6, 2023<\/strong>&nbsp;\u2013&nbsp;<a href=\"https:\/\/www.3pillarglobal.com\/\">3Pillar Global<\/a>, a leading developer of breakthrough digital products, today announced it is expanding its business through the acquisition of digital engineering firm&nbsp;<a href=\"https:\/\/www.chenoainc.com\/\">Chenoa Information Services<\/a>. Chenoa was an early entrant into the low-code and no-code development market that is estimated by&nbsp;<a href=\"https:\/\/www.gartner.com\/en\/newsroom\/press-releases\/2022-12-13-gartner-forecasts-worldwide-low-code-development-technologies-market-to-grow-20-percent-in-2023\">Gartner<\/a>&nbsp;to be $27B in 2023. The acquisition augments 3Pillar\u2019s deep experience in providing cloud-native product development with Chenoa\u2019s low-code and no-code development services while building greater scale in AI and machine learning capabilities across the combined entity. Chenoa\u2019s expertise in Banking, Financial Services and Insurance further enhances 3Pillar\u2019s extensive expertise in these sectors.<\/p>\n\n\n\n<p>\u201cOver the past several years, 3Pillar has very intentionally executed against a growth agenda that expands our capability set, industry expertise and Global Delivery Network,\u201d said Michael Detwiler, Chief Executive Officer at 3Pillar. \u201cThe acquisition of Chenoa enables us to capitalize on the fast-growing market demand for low-code and no-code rapid software development, and we anticipate that this partnership will drive continued success and opportunity for 3Pillar, our current and future clients, and our team members worldwide.\u201d<\/p>\n\n\n\n<p>Pankaj Chawla, Chief Innovation Officer at 3Pillar, said, \u201cAt a time when generative AI is allowing 3Pillar to create exceptional customer experiences, 3Pillar\u2019s goal is to be a thought partner to all clients. Chenoa\u2019s deep vertical expertise in BFSI allows more strategic and value-added leadership.\u201d<\/p>\n\n\n\n<p>Raj Devi, Co-Founder and CEO of Chenoa, expressed enthusiasm about the acquisition, stating, \u201cJoining forces with 3Pillar extends our reach and relevance in helping clients build solutions and engage their audiences through amazing experiences. Both our valued clients and dedicated team members stand to reap immense benefits from 3Pillar\u2019s extensive scale, end-to-end product capabilities and user experience prowess.\u201d<\/p>\n\n\n\n<p>\u201cOver its history, Chenoa has consistently adopted emerging technologies to better serve our clients,\u201d added Niku Trivedi, Co-Founder and COO of Chenoa. \u201cAs the landscape of software development continues to evolve, we are excited to leverage 3Pillar\u2019s resources and backing to take advantage of what\u2019s next.\u201d<\/p>\n\n\n\n<p>The acquisition of Chenoa will add 425 team members to 3Pillar\u2019s growing global footprint across nine countries. With global offices and delivery centers distributed across time zones in the U.S., Latin America, Europe and APAC, 3Pillar continues to deliver high-quality digital product development services and innovation.<\/p>\n\n\n\n<p>Avendus Capital, Inc. served as the exclusive financial advisor to Chenoa Information Services.<\/p>\n\n\n<div class=\"wp-block-heading\">\n<h2 class=\"wp-block-heading\">About 3Pillar Global<\/h2>\n<\/div>\n\n\n<p>3Pillar Global builds breakthrough software products that power cutting-edge digital transformations and define the next generation of digital business. 3Pillar\u2019s innovative product development solutions drive rapid revenue, increase market share, and ensure customer growth. For more information on 3Pillar Global and its work building software products for digitally transforming businesses, visit&nbsp;<a href=\"https:\/\/www.3pillarglobal.com\/\">www.3pillarglobal.com<\/a>.<\/p>\n\n\n\n<p><strong>3Pillar Global Media Contact<\/strong><br>Angela Goldman<br><a href=\"mailto:angela.goldman@3pillarglobal.com\">angela.goldman@3pillarglobal.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition extends capabilities to address rapid software development demand fueled by generative AI-coding technologies and deepens vertical expertise in Banking, Financial Services &amp; Insurance FAIRFAX, VA, September 6, 2023&nbsp;\u2013&nbsp;3Pillar Global, a leading developer of breakthrough digital products, today announced it is expanding its business through the acquisition of digital engineering firm&nbsp;Chenoa Information Services. Chenoa was [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":29136,"template":"","news-types":[13],"class_list":["post-1047","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3Pillar Global Acquires Chenoa Information Services to Enter $27B Low-code Market - 3Pillar<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.3pillarglobal.com\/news\/3pillar-global-acquires-chenoa-information-services-to-enter-27b-low-code-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3Pillar Global Acquires Chenoa Information Services to Enter $27B Low-code Market - 3Pillar\" \/>\n<meta property=\"og:description\" content=\"Acquisition extends capabilities to address rapid software development demand fueled by generative AI-coding technologies and deepens vertical expertise in Banking, Financial Services &amp; Insurance FAIRFAX, VA, September 6, 2023&nbsp;\u2013&nbsp;3Pillar Global, a leading developer of breakthrough digital products, today announced it is expanding its business through the acquisition of digital engineering firm&nbsp;Chenoa Information Services. 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