NoblQ, an IT services company based in Plano, Texas, has received a majority investment from Yellow Stripes Capital.
The deal amount was not disclosed.
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The company plans to use the funds to grow its operations and enhance its development efforts.
With this investment, Yellow Stripes Capital will work closely with NoblQ’s leadership to drive its AI‑focused transformation, improve delivery operations in North America, Europe, and Asia, and grow its digital engineering and enterprise modernisation services.
As part of the deal, Harsh Acharya has been named Chairman of NoblQ’s Board of Directors, where he will help lead the company’s strategic growth and innovation efforts with the executive team.
The deal also represents a significant leadership change, as Caldwell Velnambi, founder and former Chairman of NoblQ, and Nepoleon Duraisamy, former Co‑Chairman and Chairman & CEO of its subsidiary Jeevan Technologies Inc., have both sold their remaining stakes in the company.
Under Caldwell Velnambi’s leadership, NoblQ grew from an ERP services provider into a global digital transformation partner, completing 5 strategic acquisitions and building a comprehensive portfolio in consulting, data, and platform modernisation. Mr Velnambi is now starting NoblQ Ventures, an independent venture capital firm.
Mr Duraisamy leaves behind a legacy of engineering excellence, and workforce development, having established strong technology delivery teams in India, and the United States. His efforts have been key to NoblQ’s success, and have had a lasting impact on the broader technology community. Over 25 years, he grew Jeevan Technologies into a top-performing professional services firm known for innovation, client trust, and operational discipline.
NoblQ and Yellow Stripes Capital sincerely thank Caldwell Velnambi and Nepoleon Duraisamy for their visionary leadership, strategic insight, and lasting contributions to the company’s growth and development.
“We invest in companies that are not only transforming industries but shaping how technology drives growth,” said Harsh Acharya, Founder, and CEO of Yellow Stripes Capital. “Bala, and the NoblQ team have created a global IT services leader and together, we’ll expand their impact across industries embracing intelligent transformation.”
“This partnership provides NoblQ with the resources to speed up innovation that improves client results,” said Bala Chandra, CEO of NoblQ. “With YSC’s experience in scaling operations and global growth, we’re ready to lead the next phase of enterprise AI adoption.”
About NoblQ
Founded in 2004, NoblQ is a global IT and digital transformation company focused on AI-driven engineering, enterprise platforms, and professional services. With over 1,600 employees across North America, Europe, and Asia, NoblQ helps enterprises modernise critical systems, leverage data and AI, and achieve measurable business outcomes.
About Yellow Stripes Capital
Yellow Stripes Capital is a private investment firm based in Dublin, Ohio, that focuses on acquiring and growing high-performing technology and services companies. The firm uses disciplined capital, operational expertise and long-term partnerships to create value and support sustainable growth.
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