Transactions & News

NewSpring Successfully Exits 3Pillar Global

Radnor, PA - March 10, 2020 - 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 3Pillar Global, Inc. (“3Pillar” or “Company”), a leading developer of innovative software products.

Over the course of NewSpring’s investment, 3Pillar has grown to a multi-national company of nearly 1,000 employees in seven offices across three continents and experienced a 250% revenue growth rate. 3Pillar has been named to the Inc. 5000 list of fastest-growing private companies in the U.S. eight times and their work has been recognized many times by industry-leading research and consulting firms like Forrester, Gartner, and Frost & Sullivan.

3Pillar works with partners to build revenue-generating products that improve customer experience and value. The Company’s approach to product development rests on the three key values of its signature Product Mindset: building for need, minimizing time to value, and excelling at change. Brands like National Geographic, PBS, Equinox, CARFAX and more have partnered with 3Pillar to digitally transform their business and build the products their customers need.

“The digital economy grows more dominant and more volatile every day, and 3Pillar’s work to help companies establish viable digital products is more valuable than ever,” said Marc Lederman, NewSpring General Partner and member of 3Pillar’s Board of Directors. “It’s been a pleasure to partner with CEO, David DeWolf and his team to spur the incredible growth 3Pillar has seen over the last several years, and we look forward to seeing what great things come next.”

"When we entered our partnership with NewSpring, we kicked off an era of exponential growth,” said David DeWolf, CEO of 3Pillar. “The Firm’s deep experience in the services and software sectors has been a great support as we’ve scaled, and we’re grateful to Marc and the whole team at NewSpring for helping propel 3Pillar to the success we have today.”

About 3Pillar Global

3Pillar Global builds breakthrough software products that power digital businesses. 3Pillar is an innovative product development partner whose solutions drive rapid revenue, market share, and customer growth for industry leaders like CARFAX, Fortune, and PBS. Leveraging a lean and agile approach, 3Pillar delivers value-generating, digital solutions with specialized product strategy and management, user experience design, as well as software and data engineering expertise across mobile, cloud, and disruptive technologies. Visit www.3pillarglobal.com for more information and career opportunities. To learn more about the Product Mindset, visit www.productmindset.com and pick up a copy of “The Product Mindset: Succeed in the Digital Economy by Changing the Way Your Organization Thinks,” by 3Pillar CEO, David DeWolf and VP of Product Strategy & Design, Jessica Hall.

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