Founded 21 years ago, Blink works with companies such as Amazon, Apple, Microsoft, NASA, and Starbucks. The firm employs more than 130 people across offices in Seattle, Austin, Boston, San Diego, and San Francisco. It has earned $34 million in revenue so far this year, according to CEO and co-founder Karen Clark Cole.
Blink will retain its name following the acquisition, and all employees are staying aboard.
Founded in 1998, Mphasis reported revenue of more than $1.3 billion for its fiscal year ending March 31. It reached a market capitalization of $4.5 billion last year.
In 2016, Blackstone Group acquired a majority stake in the company from Hewlett Packard.
“The acquisition of Blink, consistent with our M&A focus, is in the forefront of providing well researched design and high impact digital experiences to our clients and their end customers,” Mphasis CEO Nitin Rakesh said in a statement.
Blink grew slowly for years before ramping up. Big corporations recently began knocking on the door, interested in buying Blink. Instead, Clark Cole and co-founder Kelly Franznick launched a strategy to themselves acquire smaller companies, aiming to become the biggest UX business around, Cole told GeekWire last year.
Blink did not raise any outside capital, Cole said.
“Designing products that meet needs, and are friction free, is how we delight customers and enrich their lives with technology,” Clark Cole said in a statement. “We are so thrilled to now have Mphasis’s engineering skills as part of our core, providing end-to-end services for our clients and following our designs through to launch.”