LOS GATOS, Calif.–(BUSINESS WIRE)–Infogain, a Silicon Valley-based chief in human-centered digital platform and software program engineering providers, at this time introduced its PE possession will change fingers, from ChrysCapital to funds suggested by Apax (the “Apax Funds”). Apax is a number one world non-public fairness advisory agency with important expertise investing in expertise firms. ChrysCapital is a number one Indian non-public fairness advisory agency with a profitable monitor report of investing in data expertise and enterprise providers. The brand new possession will allow Infogain to broaden its answer choices, pursue strategic acquisitions, broaden into new geographies, and speed up the enlargement of its worker base.
Infogain’s Chief Working Officer, Ayan Mukerji, will change into Chief Govt Officer. Ayan joined Infogain in 2018 and can assume CEO place.
Sunil Bhatia, outgoing CEO of Infogain, mentioned, “It was an incredible pleasure to have constructed a corporation that’s acknowledged among the many World Prime 50 engineering providers suppliers.1 It has been a privilege to work alongside a world-class staff to serve our prospects, with out whom none of this may have been doable. I want Ayan and Infogain all the easiest for the long run.”
“I’d prefer 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,” mentioned Ayan. “We welcome our new relationship with Apax to help Infogain’s progress technique.”
He continued, “Apax’s help 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 help our shoppers’ – 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 received bolstered with a number of strategic acquisitions. I want Apax all the very best of their future with Infogain,” mentioned Akshat Babbar, Vice President at ChrysCapital.
Shashank Singh, Accomplice at Apax, mentioned, “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 effectively positioned to assist drive innovation and help its prospects in growing differentiated human-centered options. We’re excited to accomplice with Ayan and the staff to help 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 convey our expertise within the house to the staff at Infogain and to speed up their enlargement and funding in capabilities that improve their world platform, delivering ever better worth for purchasers.”
By serving to prospects obtain human-centered digital platform success by way of its Worth Supply Framework, Infogain has greater than doubled its income within the final three years. Its world 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 essential tasks that allow buyer success and assist ship important worth to our shoppers on a worldwide scale. The corporate is particularly targeted 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 US, 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 expertise, healthcare, insurance coverage, journey, telecom and retail/cpg industries utilizing applied sciences comparable to cloud, microservices, automation, IoT, and synthetic intelligence. We speed up experience-led transformation within the supply of digital platforms. Infogain can be a Microsoft (NASDAQ: MSFT) Gold Accomplice and Azure Knowledgeable Managed Companies 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 world non-public fairness advisory agency. For almost 50 years, Apax has labored to encourage progress and concepts that remodel 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 world sectors of Tech, Companies, Healthcare, and Web/Client. 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 corporations. The agency has raised $4 billion throughout eight funds that are constantly ranked within the prime decile of world non-public fairness funds of comparable classic. ChrysCapital has made nearly 100 investments throughout a wide range of sectors and has in depth expertise in expertise providers 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 Companies Suppliers Prime 50 2021