Vienna digital development firm acquires health tech company

Vienna-based digital development company 10Pearls has acquired Inspirant Group, a health care strategy consulting firm based just outside Chicago, 10Pearls announced Monday.

Financial terms of the transaction were not disclosed.

“We are delighted to welcome Inspirant Group to our team at 10Pearls. … The combination of our two teams will allow us to partner with our health care clients — payors, providers and health tech — together to deliver innovations, process improvements and automation,” 10Pearls CEO Imran Aftab said in a statement.

Inspirant Group provides scalable technology, like care management, clinical decision support and claims management solutions, for large and regional health care insurance providers, including Medicare Advantage plans. The company’s co-founders — CEO Meighan Newhouse, President and Chief Growth Officer Amir Azarbad and Chris VanAvermaete, managing partner of technology solutions — and their team will join 10Pearls’ health care division.

“Joining forces with 10Pearls allows Inspirant Group to leverage the global technology development and engineering scale of 10Pearls to provide a full suite of product development and health tech services to payors,” Azarbad said in a statement.

10Pearls helps clients create digital technology products. Aftab, one of the 2022 Ernst & Young LLP’s mid-Atlantic Entrepreneur of the Year Award winners, co-founded the company in Pakistan in 2004. Along with its Virginia headquarters, 10Pearls has offices in New York, Colombia, Costa Rica, Pakistan, Peru, United Arab Emirates and the U.K. It employed more than 1,200 people as of July 2022.