KKR, a leading global investment firm, today announced the
signing of definitive agreements under which KKR will acquire 100%
of Ness Digital Engineering (“Ness” or the "Company”), a global
full-lifecycle digital services transformation company, from The
Rohatyn Group (“TRG”).
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Founded in 1998 and headquartered in Teaneck, New Jersey, Ness
is a leading provider of end-to-end digital transformation services
that specializes in building digital software products and
platforms. Ness helps organizations envision, build, and
continually evolve their digital platforms to enter new markets,
capture new revenue, and gain operational efficiencies. The Company
offers a wide range of digital practices that include cloud
engineering, data and analytics, experience design, intelligence
engineering, and salesforce for businesses across sectors. Today,
Ness has a presence in North America, Europe, the Middle East, and
Asia, with a globally diversified talent pool across India, Eastern
Europe, and the United States.
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. KKR is
pleased to invest in Ness’ capabilities and looks forward to
working alongside its talented team to further scale Ness’
digital-first platform, achieve its global ambitions, and better
enable its customers to compete in the digital economy.”
Ranjit Tinaikar, CEO of Ness, said, “We are thrilled to welcome
an investor of KKR’s caliber in Ness. We believe this transaction
will help us turbocharge our growth plans and further strengthen
our competitive market position. 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 up with the pace of digitalization required by the
accelerated online economy. I want to thank TRG for their
consistent stewardship throughout the years. They have been great
strategic partners to the management team and helped us to execute
our growth strategy.”
Nicolas Rohatyn, Chief Executive Officer and Founder of The
Rohatyn Group, said, “We are proud to have tapped into TRG’s
technology services expertise and extensive global experience to
help Ness become a unique, global leader in the digital space. We
wish the Company the best in its next chapter.” Tom Kucera,
Managing Director at TRG, added “I am grateful to Ranjit, the
management team and Ness’ more than 4,000 employees for their
partnership, dedication and support over the years. It has been a
privilege working closely with them to build Ness into a premier
digital transformation platform and I wish them continued
success.”
Ness adds to KKR’s global portfolio of technology investments,
which includes, but is not limited to, Cloudera, a leading provider
of enterprise-grade, hybrid data management software in the United
States; Yayoi, a software developer, distributor, and support
service provider for small-and-medium-sized enterprises in Japan;
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.
About Ness Digital Engineering
Ness is a full lifecycle digital engineering firm offering
digital advisory through scaled engineering services. Combining our
core competence in engineering with the latest in digital strategy
and technology, we seamlessly manage Digital Transformation
journeys from strategy through execution to help businesses thrive
in the digital economy. As your tech partner, we help engineer your
company’s future with cloud and data. For more information, visit
ness.com.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life, and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and
on Twitter @KKR_Co.
About TRG
Founded in 2002, The Rohatyn Group is an asset management firm
focused on emerging markets and real assets, headquartered in New
York, with a global presence in 16 cities across the US, Latin
America, Europe, the Middle East, India and Southeast Asia. For
more information, please visit www.rohatyngroup.com.
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Media
For KKR: KKR Asia Pacific Wei Jun Ong +65 6922 5813
WeiJun.Ong@kkr.com
For Ness: Vivek Kangath +91 97425 65583
Vivek.Kangath@ness.com
For TRG: Julia-Ambra Verlaine +1 212 984 3539
Julia.Verlaine@rohatyngroup.com
KKR Americas Julia Kosygina and Miles Radcliffe-Trenner +1 212
750 8300 Media@kkr.com
AdFactors (for KKR India) George Smith Alexander +91 98213 56867
George.Smith@adfactorspr.com
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