It was announced on 11 June 2021 that the Apax X fund (Apax X), in which Apax Global Alpha (APAX) is a limited partner, was to acquire a majority ownership stake in Infogain, a Silicon Valley-based leader in digital platforms and software engineering services. The transaction is expected to close in Q3 2021. On a look-through basis, AGA is expected to invest up to €22.1m, depending on final closing arrangements.
Infogain a digital platform engineering services providers to several industries
Founded in 1990 and headquartered in Los Gatos, California, Infogain provides human-centered digital platform engineering services to its customers. With c. 5,000 employees globally, Infogain serves companies, including Fortune 500 customers, in the travel, healthcare, retail/Consumer Packaged Goods, insurance, and tech industries, supporting them in their artificial intelligence, experience design and cloud journey using advanced software technologies.
This morning’s announcement goes on to that that “drawing on the Apax Tech team’s significant experience in the Tech-Enabled Services sub-sector, with 15 deals over the last 10 years, Apax X, in partnership with Infogain’s management team, will look to continue and accelerate Infogain’s journey as a market-leading digital transformation partner to its customers. Infogain has built a strong platform for growth with an impressive global customer base, and the Apax Funds will look to support the company’s continued focus on innovation, service excellence and customer impact.”
We note that In July 2019, APAX made a commitment of circa $450m to Apax X.
APAX: Apax Global Alpha announces look-through exposure to Silicon Valley’s Infogain
previous story | next story