Def Method and Cyrus Innovation to Merge
The merger of Def Method’s and Cyrus Innovation’s New York based development and consulting activities sets a clear trajectory to create the City’s Most Trusted software services firm.
NEW YORK, Sept. 19, 2016
NEW YORK, Sept. 19, 2016 /PRNewswire/ — Def Method, Inc. and Cyrus Innovation, LLC are pleased to announce that they have agreed to merge their New York based software development and consulting activities. Cyrus is a leading New York focused software group, providing 15 years of world-class Agile consulting and development to many of New York’s most progressive and demanding clients. Def Method contributes extensive NY client experience, exceptional engineering capabilities and deeply progressive technical leadership. The Company will deliver comprehensive, full stack software product development, Agile reinforcement, project rescue and remote Agile augmentation. Customers, employees and partners will continue to benefit from Def Method’s and Cyrus’s breadth of business and product experience, principled dedication to craft and intensive client partnerships.
Joe Leo, Def Method’s CEO and founder will lead the combined company. A former Tech Lead at Cyrus and Senior Team Lead at Credit Suisse, Joe founded Def Method 20 months ago with a goal of becoming New York City’s most trusted software development firm. Joe stated, “I’m excited at the opportunity to combine Def Method’s vision, drive, and technical skills with Cyrus’s rich history, people, and trusted customer relationships. We are building something fundamentally new and better for our customers and employees with this deal.” Jeffrey Smith (NextBoston, LLC) and Alex Goldberg (Canary Ventures, LLC), directors and principals of Cyrus stated, “Def Method, Joe and the Cyrus team are going to do extraordinary things in the intensely challenging New York Market. Cyrus has always hired the best people with the best values in NY. We are thrilled to see them continue to grow and evolve as part of such a supercharged group.”
As a part of its “City’s Most Trusted” goal, the Company will continue to build on its extremely rigorous hiring process, its Hyper Local focus and its New York based diversity programs. Recent New York customers include XO Group, New York Times, Saks Fifth Avenue, ArtsPool, MoMA, Cond Nash, SYPartners, NYC Votes, PreeLine, The United Nations, Shutterstock, The High Line, Voxy and Ideeli.
The merger is expected to be completed within the next eight to twelve weeks.
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SOURCE Def Method