- Global investment giant
KKRhas announced that it is taking over NessDigital technology.
- Ness is an end-to-end digital services transformation company.
- The terms of the transaction have not been disclosed.
Ness Digital Engineering is a New Jersey-based end-to-end digital services transformation company. Ness specializes in building digital software products and platforms. The company helps organizations build and develop their digital platforms to enter new markets, generate new revenue and achieve operational efficiencies.
KKR has invested in its Asian Fund IV. Additional terms of the transaction have not been disclosed and are subject to customary closing conditions.
“Digital transformation and adoption is a critical strategy for businesses of all sizes worldwide. Against this background, KKR believes Ness is well positioned for growth, supported by its exceptional, experience-led product development history,” said Gaurav Trehan, chief executive officer of
“KKR is pleased to invest in Ness’ capabilities and looks forward to working with its talented team to further scale Ness’ digital-first platform, realize its global ambitions and better enable its customers compete in the digital economy,” Trehan added.
Ness is not KKR’s first technology investment. The company has already invested in several technology companies such as Cloudera, hybrid enterprise data management software,
“We are delighted to welcome an investor of KKR’s caliber to Ness. We believe this transaction will help us boost our growth plans and further strengthen our competitive position in the market,” said Ranjit Tinaikar, chief executive officer of Ness Digital Engineering.
“We look forward to leveraging KKR’s global platform and strong investment and operational expertise to deliver more innovative solutions to help our customers keep pace with the pace of digitalization required by the accelerated online economy,” added Tinaikar.
Indian IT giants worry about employees sharing their trade secrets
The 1,338 crore fine is just the tip of the iceberg as CCI orders Google to take several measures to curb its anti-competitive behavior
After a credit card, Apple launches a savings account service in partnership with Goldman Sachs – here’s what it means