Infogain announces investments of US $63M on ChrysCapital, a reputed private equity firm managing assests of US $2.5B. This strategic investment is said to gratify Infogain’s solution offerings, pursue strategic acquisitions, explore new geographies and boast the expansion of its employee base. The firm has been amongst the most prolific investors in the IT services space with investments in companies such as HCL Technologies, LiquidHub, KPIT Technologies, Cyient, Mphasis and Spectramind.
Talking on the strategic investment, Kapil Nanda, CEO of Infogain said, “The partnership with ChrysCapital signifies a major milestone in Infogain’s business lifecycle.” He continued, “ChrysCapital’s support will help our firm to grow organically and through strategic acquisitions. Additionally, we will leverage opportunities to further diversify into next generation service offerings such as the customer experience, cloud services and end-to-end retail solutions. Our plans for expansion into other service areas and geographies will further strengthen our position in the evolving IT services market. My senior management team and I have great confidence in Infogain’s future, and we continue to hold significant equity positions in Infogain. ”
“ChrysCapital is excited to partner with Infogain as it enters its next phase of growth,” said Sanjay Kukreja, Managing Director at ChrysCapital. “Infogain has demonstrated industry leading growth rates, while building significant differentiation in the software product engineering and new-age, digital service lines. The company, with its strong leadership, talented employees, and outstanding customer base, is an ideal platform to build further scale through a combination of organic growth and strategic acquisitions.”
Eddie Chandhok, President Global Delivery at Infogain said “We are excited about this new support for Infogain, and look forward to providing our customers expanded offerings as we grow.” He added, “Infogain has significant strength in processes, systems, thought leadership, innovation, and its collaborative culture. We look forward to leveraging these strengths to drive continued organic growth, and our entire team is excited about collaborating for success with other groups that Infogain engages with through corporate acquisitions.”