Infogain is backed by private equity firm ChrysCapital, which invested $63 million into the business back in 2015.
Founded in 2005, Revel works with Fortune 500 clients along the West Coast of the United States. Revel will become a wholly owned subsidiary of Infogain and continue operating as an independent brand, the company said.
Sunil Bhatia, CEO of Infogain, commented on the deal:
“Combining Infogain’s world-class product and platform engineering with Revel’s expertise in digital marketing, experience and commerce is just what many CMOs, CDOs and business heads are looking for. With this acquisition, we can strengthen our clients’ competitiveness through highly engaging digital experiences seamlessly executed with cutting-edge technology. Company culture was also a critical factor, and both Infogain and Revel are committed to an empathy-driven, people-first approach to running businesses.”
Vikas Kamran, Revel’s CEO, also commented:
“We’re creating a better model that blends design thinking and human-centered digital experiences with advanced analytics, machine learning, IoT and cloud. We’re confident we’ll be unlocking a whole new world of opportunity for our clients and for Revel employees.”
Kamran will remain as CEO of Revel and the company’s leadership team will remain unchanged. Kamran was a manager at Accenture before joining Revel in 2006 and becoming CEO in 2009.
Founded in 1990, Infogain works with companies across the travel, retail, insurance, and high technology industries. The company has around 3,500 employees in the US, Europe, Middle East, India, and the Asia Pacific region. Key partners include Google Cloud Platform, Amazon Web Services and Microsoft Azure.
Infogain has experience in the M&A market. The company earlier this month also acquired Silicus Technologies, a Houston, Texas-based Microsoft partner.