NewSpring Successfully Exits Mobiquity

NewSpring Growth

Radnor, PA – July 2, 2019 – NewSpring (the “Firm”), a family of private equity strategies, announced today that NewSpring Growth ("NewSpring"), the Firm’s dedicated growth and expansion strategy, has successfully exited Mobiquity, Inc. (“Mobiquity”), a provider of digital consulting services for the world’s leading brands, as a result of a strategic sale to Hexaware Technologies Limited (“Hexaware”), one of India’s fastest growing IT Consulting firms. 

Headquartered in the U.S., and with a global presence across three continents, Mobiquity is one of the largest independent customer experience consulting firms that specializes in creating frictionless multi-channel digital experiences using cloud technologies. They are one of the very few Digital Customer Experience Consulting Partners for Amazon Web Services (“AWS”) and are experts at leveraging some of the most sophisticated capabilities of AWS.

Since NewSpring’s investment, Mobiquity has expanded into new market segments and pioneered paths of great innovation. The Mobiquity and Hexaware partnership increases the depth and breadth of Mobiquity’s services, enabling the Company to offer clients core systems capabilities and new technology offerings alongside their world-class innovation and digital consulting expertise.

John Castleman, who will remain in his role of Mobiquity CEO, shared, “Today we start a bold new chapter in Mobiquity’s growth story. Joining hands with Hexaware gives us added scale, a broader portfolio of offerings that are relevant to our clients’ digital journeys, and the opportunity to strengthen the Mobiquity brand.”  John also added, “We have greatly enjoyed working alongside Mike DiPiano and the rest of the NewSpring team and appreciate their depth of expertise that has enabled us to grow to this point.”

“Serving as a Mobiquity Board member and working in conjunction with John and the rest of his talented management team has been a gratifying experience,” said Mike DiPiano, NewSpring Co-Founder and Managing Partner.  “Mobiquity is committed to helping their clients advance and evolve their businesses with innovative digital solutions and together we created the strategic partnerships needed to reach this next phase of their evolution. We wish them all the best.”

About Mobiquity, Inc.

Mobiquity Inc. is a digital engagement innovator helping the world’s leading brands reach and realize their best futures. Digital born and business bred, the company infuses innovative intuition into an evolving array of apps, actions, and interactions to engage patients, consumers, employees, and publics at deeper levels and in new ways.  Founded in 2011, the company employs more than 450 people collaborating across three continents. Combining strategy, human-centered research, experience design, product engineering, and analytics, Mobiquity is pioneering a path of digital firsts across all industries, including healthcare, life sciences, consumer products, financial services, hospitality, media, and entertainment. To learn more, visit www.mobiquityinc.com.