KKR, a global investment firm, today announced the signing of definitive agreements under which KKR will acquire 100 per cent of Ness Digital Engineering, a global full-lifecycle digital services transformation company, from The Rohatyn Group (TRG)
Founded in 1998 and headquartered in Teaneck, New Jersey, Ness is a leading provider of end-to-end digital transformation services that specialises in building digital software products and platforms. Ness helps organisations envision, build, and continually evolve their digital platforms to enter new markets, capture new revenue, and gain operational efficiencies.
Gaurav Trehan, Partner and CEO of KKR India, said, “Digital transformation and adoption is a critical strategy for businesses of all sizes worldwide. Against this backdrop, KKR believes that Ness is well-positioned for growth, supported by its exceptional, experience-led product engineering heritage…..”
Ranjit Tinaikar, CEO of Ness, said, “We are thrilled to welcome an investor of KKR’s calibre in Ness…… TRG have been great strategic partners to the management team and helped us to execute our growth strategy.”
Ness adds to KKR’s global portfolio of technology investments, which includes, Cloudera, a leading provider of enterprise-grade, hybrid data management software; Yayoi, a software developer, distributor, and support service provider for small-and-medium-sized enterprises; Probe CX, a provider of outsourced customer experience and business process outsourcing solutions in Australia; MYOB, a leading Australian online business management company; and Jio, a next-generation technology platform that provides digital services across India.
KKR makes its investment from its Asian Fund IV. Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed.
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