LOS GATOS, Calif.–(BUSINESS WIRE)–Infogain, a Silicon Valley-based chief in human-centered digital platform and software program engineering providers, 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 personal fairness advisory agency with vital expertise investing in know-how firms. ChrysCapital is a number one Indian personal fairness advisory agency with a profitable monitor document of investing in data know-how and enterprise providers. The brand new possession will allow Infogain to broaden its resolution choices, pursue strategic acquisitions, increase into new geographies, and speed up the enlargement of its worker base.
Infogain’s Chief Working Officer, Ayan Mukerji, will turn out to be Chief Govt 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 International Prime 50 engineering providers suppliers.1 It has been a privilege to work alongside a world-class crew to serve our prospects, with out whom none of this could have been doable. 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’ll leverage alternatives to deepen and diversify our service choices to assist our purchasers’ – and our personal – transformation journeys.”
“We’re grateful for the chance we needed to construct a fast-growing innovative digital platform providers group. Infogain was ChrysCapital’s pioneering initiative within the US that acquired 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, Accomplice at Apax, stated, “Digital engineering and technological excellence proceed to be key aggressive benefits throughout industries, and Infogain, with its platform technique and extremely proficient crew, is exceptionally nicely positioned to assist drive innovation and assist its prospects in creating differentiated human-centered options. We’re excited to companion with Ayan and the crew to assist them and their prospects on this subsequent part of progress.”
Rohan Haldea, Accomplice at Apax, added, “Digital transformation and software program engineering providers 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 crew at Infogain and to speed up their enlargement 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 via its Worth Supply Framework, Infogain has greater than doubled its income within the final three years. Its international crew now numbers shut to five,000. The corporate has upgraded its engineering experience and added vital digital capabilities in cloud, expertise design, and analytics.
Infogain’s Chief Supply Officer, Eddie Chandhok added, “Our success continues to be pushed by our crew members, who work on mission important tasks that allow buyer success and assist ship vital worth to our purchasers on a worldwide scale. The corporate is very centered on supply excellence, a testomony to which is its 73% internet promoter rating achieved within the earlier fiscal yr.”
Infogain was suggested by Credit score Suisse (monetary advisor). Wilson, Sonsini, Goodrich & Rosati served because the authorized counsel to Infogain in the USA, 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 primarily based out of Silicon Valley. We engineer enterprise outcomes for Fortune 500 firms and digital natives within the know-how, 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 Accomplice and Azure Professional Managed Providers Supplier (MSP).
Infogain, a ChrysCapital portfolio firm, has places of work 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 study extra, go to www.infogain.com.
Apax Companions LLP (“Apax”) is a number one international personal 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 mixture commitments of greater than $60 billion. The Apax Funds put money into firms throughout 4 international sectors of Tech, Providers, Healthcare, and Web/Shopper. These funds present long-term fairness financing to construct and strengthen world-class firms. For additional details about Apax, please go to www.apax.com.
Based in 1999, ChrysCapital is without doubt one of the largest and most profitable India-based funding advisory companies. The agency has raised $4 billion throughout eight funds that are persistently ranked within the prime decile of world personal fairness funds of comparable classic. ChrysCapital has made virtually 100 investments throughout a wide range of sectors and has in depth expertise in know-how providers with investments like LiquidHub, GeBBS Healthcare, QuEST International, 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