Private investment firm Yellow Stripes Capital (YSC) has acquired a majority stake in NoblQ, a fast‑growing global digital transformation company based in Plano. The partnership bolsters NoblQ’s position as a frontrunner in AI‑enabled enterprise modernization and reflects YSC’s commitment to building next‑gen technology platforms, NoblQ said.
The amount of the investment was not disclosed.
“This partnership gives NoblQ the fuel to accelerate innovation that directly transforms client outcomes,” Bala Chandra, CEO of NoblQ, said in a statement. “With YSC’s expertise in operational scale and global expansion, we’re positioned to lead the next chapter of enterprise AI adoption.”
Through its investment, YSC is partnering with NoblQ’s leadership to advance its AI‑driven transformation strategy, improve delivery operations across North America, Europe, and Asia, and expand its digital engineering and enterprise modernization practices, the company said.
“We invest in companies that are not just transforming industries but defining how technology enables growth,” said Harsh Acharya, founder and CEO of Yellow Stripes Capital. “Bala and the NoblQ team have built a global IT services powerhouse. Together, we’ll scale their impact across industries ready for intelligent transformation.”
As part of the transaction, Harsh Acharya has been appointed chairman of NoblQ’s Board of Directors, where he will direct the company’s strategic growth and innovation initiatives alongside the executive team.
Leadership transition and legacy
The transaction also signals a leadership transition for Caldwell Velnambi, founder and former chairman of NoblQ, and Nepoleon Duraisamy, former co‑chairman and chairman & CEO of its subsidiary, Jeevan Technologies, both of whom have sold their remaining interests in the company.
Under Velnambi’s leadership, NoblQ transformed from an ERP services provider into a diversified global digital transformation partner, completing five strategic acquisitions and building a comprehensive portfolio across consulting, data, and platform modernization. Velnambi now is launching NoblQ Ventures, an independent venture capital firm.
Duraisamy created a legacy of engineering excellence and workforce develotopment, establishing strong technology delivery foundations in India and the U.S.—instrumental contributions to NoblQ’s success and to the broader technology community, the company said. Over the past 25 years, he built Jeevan Technologies into a high‑performing professional services organization known for advancing innovation, client trust, and operational discipline.
NoblQ and Yellow Stripes Capital thanked Velnambi and Duraisamy for their “visionary leadership, strategic foresight, and enduring contributions to the company’s growth and evolution.”
NoblQ rebranded from ERP Logic in 2023 when the company acquired Jeevan Technologies.
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