LOS GATOS, Calif.–(BUSINESS WIRE)–Infogain, a Silicon Valley-based chief in human-centered digital platform and software program engineering companies, in the present day introduced its PE possession will change fingers, from ChrysCapital to funds suggested by Apax (the “Apax Funds”). Apax is a number one international non-public fairness advisory agency with important expertise investing in expertise corporations. ChrysCapital is a number one Indian non-public fairness advisory agency with a profitable monitor report of investing in info expertise and enterprise companies. The brand new possession will allow Infogain to broaden its resolution choices, pursue strategic acquisitions, increase into new geographies, and speed up the growth of its worker base.
Infogain’s Chief Working Officer, Ayan Mukerji, will turn into Chief Government Officer. Ayan joined Infogain in 2018 and can assume CEO place.
Sunil Bhatia, outgoing CEO of Infogain, stated, “It was an incredible pleasure to have constructed a corporation that’s acknowledged among the many World Prime 50 engineering companies suppliers.1 It has been a privilege to work alongside a world-class staff to serve our prospects, with out whom none of this is able to have been attainable. I want Ayan and Infogain all the perfect for the longer term.”
“I’d wish to thank Sunil for his management throughout his tenure as CEO, and it was additionally nice being a part of the platform ChrysCapital constructed out over the previous few years,” stated Ayan. “We welcome our new relationship with Apax to assist Infogain’s progress technique.”
He continued, “Apax’s assist will assist supercharge our progress, organically and thru new strategic acquisitions. We are going to leverage alternatives to deepen and diversify our service choices to assist our shoppers’ – and our personal – transformation journeys.”
“We’re grateful for the chance we needed to construct a fast-growing innovative digital platform companies group. Infogain was ChrysCapital’s pioneering initiative within the US that received bolstered with a number of strategic acquisitions. I want Apax all one of the best of their future with Infogain,” stated Akshat Babbar, Vice President at ChrysCapital.
Shashank Singh, Companion at Apax, stated, “Digital engineering and technological excellence proceed to be key aggressive benefits throughout industries, and Infogain, with its platform technique and extremely gifted staff, is exceptionally nicely positioned to assist drive innovation and assist its prospects in creating differentiated human-centered options. We’re excited to associate with Ayan and the staff to assist them and their prospects on this subsequent part of progress.”
Rohan Haldea, Companion at Apax, added, “Digital transformation and software program engineering companies have been key areas of focus for the Apax Funds during the last decade, underpinned by a number of profitable investments. We’re excited to deliver our expertise within the house to the staff at Infogain and to speed up their growth and funding in capabilities that improve their international platform, delivering ever larger worth for patrons.”
By serving to prospects obtain human-centered digital platform success by its Worth Supply Framework, Infogain has greater than doubled its income within the final three years. Its international staff now numbers shut to five,000. The corporate has upgraded its engineering experience and added important digital capabilities in cloud, expertise design, and analytics.
Infogain’s Chief Supply Officer, Eddie Chandhok added, “Our success continues to be pushed by our staff members, who work on mission vital initiatives that allow buyer success and assist ship important worth to our shoppers on a world scale. The corporate is particularly centered on supply excellence, a testomony to which is its 73% internet promoter rating achieved within the earlier fiscal 12 months.”
Infogain was suggested by Credit score Suisse (monetary advisor). Wilson, Sonsini, Goodrich & Rosati served because the authorized counsel to Infogain in america, Shardul Amarchand Mangaldas & Co. because the authorized counsel in India, and E&Y because the monetary and tax advisor.
Infogain is a human-centered digital platform and software program engineering firm based mostly out of Silicon Valley. We engineer enterprise outcomes for Fortune 500 corporations and digital natives within the expertise, healthcare, insurance coverage, journey, telecom and retail/cpg industries utilizing applied sciences akin to cloud, microservices, automation, IoT, and synthetic intelligence. We speed up experience-led transformation within the supply of digital platforms. Infogain can also be a Microsoft (NASDAQ: MSFT) Gold Companion and Azure Skilled Managed Providers Supplier (MSP).
Infogain, a ChrysCapital portfolio firm, has workplaces in California, Washington, Texas, the UK, the UAE and Singapore, with supply facilities in Seattle, Houston, Austin, Kraków, Noida, Bengaluru, Pune, Gurgaon, and Mumbai. To be taught extra, go to www.infogain.com.
Apax Companions LLP (“Apax”) is a number one international non-public fairness advisory agency. For almost 50 years, Apax has labored to encourage progress and concepts that rework companies. The agency has raised and suggested funds with combination commitments of greater than $60 billion. The Apax Funds put money into corporations throughout 4 international sectors of Tech, Providers, Healthcare, and Web/Shopper. These funds present long-term fairness financing to construct and strengthen world-class corporations. For additional details about Apax, please go to www.apax.com.
Based in 1999, ChrysCapital is among the largest and most profitable India-based funding advisory corporations. The agency has raised $4 billion throughout eight funds that are persistently ranked within the prime decile of worldwide non-public fairness funds of comparable classic. ChrysCapital has made nearly 100 investments throughout quite a lot of sectors and has in depth expertise in expertise companies with investments like LiquidHub, GeBBS Healthcare, QuEST World, Mphasis, Hexaware, HCL Applied sciences, Infosys and Spectramind. For additional details about ChrysCapital, please go to www.chryscapital.com.
1 Everest Group Engineering Providers Suppliers Prime 50 2021