Posted by Los Gatos, USA: Apax Funds will acquire Infogain – a Silicon Valley-based digital platform and services company from ChrysCapital. The financial details of this transaction have not shared.
Apax Funds will enable Infogain to broaden its solution offerings, pursue strategic acquisitions, expand into new geographies and increase its employee base. With the change in ownership, Infogain COO Ayan Mukerji has named as the new CEO in place of CEO Sunil Bhatia, who is leaving the company.
“It was a great pleasure to have built an organisation that is recognized among the Global Top 50 engineering services providers. It has been a privilege to work alongside a world-class team to serve our customers, without whom none of this would have been possible. I wish Ayan and Infogain all the very best for the future,” said Sunil Bhatia, Infogain’s outgoing CEO.
“I’d like to thank Sunil for his leadership during his tenure as CEO, and it was also great being part of the platform ChrysCapital built out over the past few years. We welcome our new relationship with Apax to support Infogain’s growth strategy,” said Ayan Mukerji.
He continued, “Apax’s support will help supercharge our growth, organically and through new strategic acquisitions. We will leverage opportunities to deepen and diversify our service offerings to support our clients – and our own – transformation journeys.”
“We are grateful for the opportunity we had to build a fast-growing cutting edge digital platform services organization. Infogain was ChrysCapital’s pioneering initiative in the US that got bolstered with multiple strategic acquisitions. I wish Apax all the best in their future with Infogain,” said Akshat Babbar, VP – ChrysCapital.
According to Shashank Singh, Partner – Apax, digital engineering and technological excellence continue to be key competitive advantages across industries.
“Infogain, with its platform strategy and highly talented team, is exceptionally well placed to help drive innovation and support its customers in developing differentiated human-centred solutions. We are excited to partner with Ayan and the team to support them and their customers in this next phase of growth,” said Singh.
“Digital transformation and software engineering services have been key areas of focus for the Apax Funds over the last decade, underpinned by multiple successful investments. We’re excited to bring our experience in the space to the team at Infogain and to accelerate their expansion and investment in capabilities that enhance their global platform, delivering ever greater value for customers,” added Rohan Haldea, Partner – Apax.
Leveraging its value delivering framework, Infogain has more than doubled its revenue in the last three years and has a global team of close to 5,000. The company has upgraded its engineering expertise and added significant digital capabilities in cloud, experience design, and analytics.
“The company is especially focused on delivery excellence, a testament to which is its 73% net promoter score achieved in the previous fiscal year,” noted Infogain’s Chief Delivery Officer, Eddie Chandhok.
Credit Suisse acted as financial advisor to Infogain. Wilson, Sonsini, Goodrich & Rosati served as the legal counsel to Infogain in the US. While Shardul Amarchand Mangaldas & Co. served as the legal counsel in India, and E&Y as the financial and tax advisor.