Keystone Capital, Inc. (“Keystone”) is pleased to announce it has completed a strategic investment in Inspire11 (“Inspire” or “the Company”), a leading digital transformation and technology innovation consultancy with more than 200 employees across offices in Chicago, Minneapolis, and Atlanta as well as offshore development centers in Macedonia and Kosovo.
Through a unique combination of strategy and development expertise, Inspire helps clients better leverage modern technology infrastructure, data science, and experience design to transform their business. The Company’s capabilities span the full lifecycle of a client’s digital transformation journey and include digital strategy consulting, infrastructure & data architecture implementation, custom development, data science & monetization, and digital product ideation & creation. Inspire delivers its solutions to Fortune 500 clients across market sectors with specific expertise in healthcare, financial services, and food & beverage. In 2020, Inspire11 was recognized in the Inc. 5000 list as the #10 fastest growing business, and #1 fastest growing services business, in the United States over the past three years.
Alban Mehmeti, Co-Founder and CEO, noted, “We are thrilled to begin our partnership with Keystone. Our shared entrepreneurial culture and Keystone’s patient investment philosophy are a perfect fit for our people and clients.”
“Keystone’s deep understanding of our business and their financial support will enable us to pursue exciting new growth initiatives and continue to capitalize on the broad market shift towards adopting modern technology infrastructure and data monetization”, added Hans Nelson, Co-Founder and President.
“Keystone is delighted to partner with Inspire11 to help them build on their incredible success bringing a truly differentiated approach to technology consulting to an enviable group of clients,” commented Bill Sommerschield, Managing Director at Keystone Capital. “We see tremendous opportunity ahead for Inspire to continue to scale and develop through internal growth and talent development initiatives, as well as select complementary acquisitions.”
Co-Founders Alban Mehmeti, Hans Nelson, and Kevin Schaffer will continue to lead the business forward. For more information on Inspire11, please visit inspire11.com.
Terms of the transaction are not being disclosed. In connection with this transaction, senior debt financing was provided by Wintrust Bank, legal counsel was provided to Keystone by Honigman, and legal counsel was provided to Inspire11 by Jones Day.