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GLC Advisors & Co., LLC acted as the exclusive financial advisor to Tiempo Development in its recapitalization with Alerion Capital Group

May 30, 2017

Tiempo Development™ a leading nearshore software development outsourcing company announced today that is has completed a strategic investment to fuel growth from Alerion Capital Group. Alerion is an equity and management advisory firm investing in technology product and service providers.

Since its founding in 2006, Tiempo has built a strategy centered around the needs of its U.S.-based clients who require a combination of nearshore software development talent, based on agile methodologies and cultural affinity. The nearshore leader has become a trusted partner to businesses in B2B, High Technology, Finance, Healthcare, Education, Security, Transportation and other industry sectors. Tiempo is experiencing exponential growth in 2017 as they enter their second decade in business.

Tiempo is led by Cliff Schertz, Founder, President and Chief Executive Officer, who previously founded and headed Camisa Technologies, a leader in integrating customer relationship management (CRM) software solutions. The company was represented by GLC Advisors in facilitating the partnership.

“Tiempo is well-positioned to respond to the tremendous growth and demand we are seeing industry-wide,” said Schertz. “The investment from Alerion Capital supports our continued commitment to providing additional technology services and growing brand awareness, while adding talent to continue delivering the best nearshore outsourcing development services available in the industry.”

Alerion Capital Group is the sole investor in this private equity round of investment. Alerion Founding Principal, James Unruh, formerly the Chairman and CEO of Unisys Corporation is supported by partners, Rick DeAvila and Jeff Unruh who bring related technology experience and have also joined the Tiempo Development board of directors.

“Technology is quickly evolving and so are the demands on businesses; this drives our passion for companies that are bringing new approaches to streamlining innovation. At Tiempo, we see exactly that,” said James Unruh. “We are excited to partner with Tiempo as they continue to provide powerful outcomes for their clients across North America and look forward to contributing to their success.”

About Tiempo Development
At Tiempo Development, we are making the business of software development easier and more affordable with a unique combination of a nearshore business model, agile methodology, and advanced talent management. Tiempo’s proprietary agile product lifecycle management framework called Tiempo Quality System or TQS is composed of principals and best practices that ensure productive client and team interactions and as a result, efficient software development. To learn more, visit or contact Tiempo Development.

About Alerion Capital Group
Alerion Capital Group is a private equity and management advisory firm. Alerion invests in middle-market companies with a focus on technology products and service providers. Alerion derives from an eagle rising-up and signifies our ability to assist companies in soaring to new heights of business performance, leveraging the group’s extensive management experience at leading technology companies. The Power of Capital and the Insight of Experience ©


GLC provides senior-level advice and attention to technology leaders, entrepreneurs and financial sponsors.  GLC’s tech team specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, capital raising including placements of debt and equity, and other corporate finance advisory services.  The GLC tech team has decades of technology M&A and capital markets experience, closed transactions representing billions of dollars in aggregate transaction value and has worked on behalf of or across the table from leading technology consolidators and technology-focused private equity firms.

Adam T. Haynes  /  Managing Director  /  /  303.479.3842
David J. Bluth  /  Managing Director  /  /  303.479.3855
Jim C. Williams  /  Director  /  /  303.479.3850


GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. 

GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companies.

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