The seller was ChrysCapital, an India-based private equity firm that invested $63 million in Infogain back in 2015.
New Infogain owner Apax Partners has extensive investment experience in the IT service provider and IT consulting markets. The Apax Partner portfolio also includes Italian IT services and software firm Lutech, and IT consultancy ThoughtWorks.
Amid the ownership transition, Infogain Chief Operating Officer Ayan Mukerji will succeed Sunil Bhatia as CEO.
Infogain Business Focus, Growth, Reach
Infogain has 5,000 employees, many of whom specialize in such areas as cloud, experience design, and analytics. Additional areas of expertise involve:
Internet of Things (IoT)
Software assurance engineering
Digital workplace solutions.
Infogain has more than doubled its revenue over the past three years, though the company does not disclose actual revenue or profit dollar figures. At least some of the Infogain revenue growth may have involved the Revel Consulting acquisition of 2019.
Infogain has offices in California, Washington, Texas, the UK, the UAE and Singapore, with delivery centers in Seattle, Houston, Austin, Kraków, Noida, Bengaluru, Pune, Gurgaon, and Mumbai.
Multiple executives and investors offered prepared statements about the ownership and executive transition.
Fo starters, exiting CEO Sunil Bhatia said:
“It was a great pleasure to have built an organization that is recognized among the Global Top 50 engineering services providers.1 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.”
Added successor CEO Ayan Mukerji:
“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.
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.”
Noted Akshat Babbar, VP at ChrysCapital:
“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.”
Added Shashank Singh, partner at Apax:
“Digital engineering and technological excellence continue to be key competitive advantages across industries, and 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-centered solutions. We are excited to partner with Ayan and the team to support them and their customers in this next phase of growth.”
Concluded Rohan Haldea, partner at Apax:
“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.”
Infogain’s Chief Delivery Officer, Eddie Chandhok, concluded:
“Our success continues to be driven by our team members, who work on mission critical projects that enable customer success and help deliver significant value to our clients on a global scale. The company is especially focused on delivery excellence, a testament to which is its 73% net promoter score achieved in the previous fiscal year.”