BPEA EQT Mid-Market Growth to acquire a majority stake in Indium Software
EQT is pleased to announce that the BPEA EQT Mid-Market Growth
Fund ("BPEA EQT Mid-Market Growth") has agreed to acquire a majority
stake in Indium Software (the "Company") from existing shareholders.
The Company's Co-Founder, Ram Sukumar, will continue leading the firm as CEO.
Headquartered
in Chennai,
Indium is a fast-growing, digital engineering provider, offering cutting-edge
technology solutions to enterprise customers and born-digital companies. Indium
was co-founded in 1999 by Ram Sukumar and Vijay Balaji, and today boasts of
a team of about 3,000 employees. Indium has grown at a CAGR of around 50
percent over the last three years.
BPEA
EQT Mid-Market Growth will support Indium in its next phase of growth, drawing
on EQT's global experience in Tech Services with about USD 11 bn invested
in the sector in Asia,
in-house digitalization capabilities, and global network of industry experts.
Hari Gopalakrishnan, Partner and Co-Head
of BPEA EQT India, said, "We are excited to partner with CEO Ram Sukumar
and Indium's stellar management team, as the company enters its next phase of
evolution. Indium has highly impressive digital capabilities and a strong
client roster of global blue-chip enterprises. We are confident of drawing on
EQT's extensive value creation playbook in Tech Services and supporting the
company on its strong growth momentum."
Ram
Sukumar, Co-founder and CEO of Indium, said, "Indium has been built on a
culture of client centricity, trust and high-performance. Over the years, we
have embraced multiple technology shifts, and today, have become a trusted
partner to several enterprises accelerating on their digital and AI journeys.
We are truly excited about welcoming EQT as our partner, and we hope to
leverage their global footprint to scale our business."
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