KKR to acquire digital engineering company Ness Digital Engineering
Global investment firm KKR has agreed to acquire digital engineering company Ness Digital Engineering from The Rohatyn Group (TRG) for an undisclosed price.
KKR is funding the acquisition through its Asian Fund IV.
Based in Teaneck, New Jersey, and established in 1998, Ness Digital Engineering provides end-to-end digital transformation services, specializing in developing digital software products and platforms.
Ness Digital Engineering assists firms in envisioning, constructing, and continually growing their digital platforms to step into new markets, grab new revenue, and benefit from operational efficiencies.
The digital engineering company provides a variety of digital practices such as cloud engineering, experience design, data and analytics, intelligence engineering, and sales force for businesses in various sectors.
Ness Digital Engineering has a footprint in North America, Europe, Asia, and the Middle East. Its talent pool is spread across India, the US, and Eastern Europe.
KKR to acquire digital engineering company Ness Digital Engineering
Ranjit Tinaikar — Ness Digital Engineering CEO 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.”
With the acquisition, Ness Digital Engineering will join KKR’s international portfolio of technology investments, which includes US-based Cloudera, Japan-based Yayoi, Australia-based Probe CX, India-based Jio, and Australia-based MYOB.
Gaurav Trehan — KKR India Partner and CEO 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 alongKKR to acquire digital engineering company Ness Digital Engineeringside 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.”