Mumbai, January
16, 2025 : Kedaara Capital, a leading private
equity firm, has announced a $350mn+
strategic investment in Impetus Technologies. Impetus is a leading provider
of Data, Analytics and AI solutions to marquee Fortune 500 clients across the
US and Europe. Kedaara’s investment is a testament to the company’s
differentiated approach to the Data and AI business, and its track record of
strong organic growth. The strategic partnership is set to bolster Impetus’
footprint in the rapidly growing market and drive further innovation.
Kedaara’s investment ushers in an exciting new chapter of growth
and innovation for the company,
enabling it to:
●
Accelerate organic business growth on a global basis by leveraging Kedaara’s global network
and expertise
●
Expand offerings in rapidly growing
service lines including Gen AI and
Advanced Analytics, and within LeapLogic™, its highly automated accelerator for Data Platform
modernization
●
Strengthen operational excellence, leveraging Kedaara’s senior operating team comprising
former CEOs with a proven track record of building market-leading businesses
and creating significant value
Data and AI Services have become key across all industries
as enterprises increasingly focus on leveraging data-driven insights to drive
innovation and gain competitive differentiation. Gartner has forecasted this
dynamic market segment to grow at a double-digit rate exceeding $500bn in the
next few years. Impetus is uniquely positioned to deliver transformative
outcomes in this high-growth environment and has established itself as a
trusted partner in Data and AI solutions for large enterprises. Known for its
superior engineering talent with deep domain expertise particularly in
financial services, healthcare, and travel, Impetus has established a strong
global footprint powered by over 3,000 team members consistently delivering
exemplary results to its clients.
In addition to its Data, Analytics, and AI service
offerings, Impetus’ enterprise software product offerings include LeapLogic™, a
globally recognized Cloud and Data Migration accelerator, which enables
businesses to accelerate transformation of legacy ETL, Data Warehouse, and
Analytics systems to any Cloud environment with up to 95% automation, while
ensuring business continuity and operational efficiency. Impetus’ strong focus
on innovation was recognized when it was named “Migration Partner of the Year” for the past two years by
Databricks, a leading Data Platform provider. Impetus has established strong
strategic global partnerships with a broad array of leading industry vendors
including AWS, Databricks, Google Cloud, Microsoft, and Snowflake.
Impetus has fostered an innovation-driven, meritocratic
culture that prioritizes ownership, customer- centricity, and delivery
excellence, and has been recognized as a “Great
Place to Work, India” for 10 consecutive years. The company continues to
enhance its culture, striving to be an employer of choice through initiatives
that prioritize employee growth, well-being, and engagement.
Sunish Sharma,
Founder and Managing Partner at Kedaara, said “Data, Analytics and AI are key drivers
for innovation in the technology landscape and represent some of the fastest
growing markets, advancing transformation across industries. Impetus has
established itself as a transformative provider of Data and AI solutions to
distinguished clients with a team of highly skilled engineering talent. We are
excited to collaborate with Ritu, Praveen and the entire team to unleash the
next phase of growth, accelerate their global footprint, and further their
mission of delivering cutting-edge solutions to drive impact.
Saakshi Gera, Director
at Kedaara, said “Impetus’ commitment towards client satisfaction
coupled with a strong employee focused culture differentiates them from the
competition. It is uniquely positioned to capitalize on the tailwinds in the
Data and AI space. We will strive to continue the innovation driven culture
fostered by Ritu, Praveen and the management team to propel Impetus to the next
level.”
“The age of
data-driven strategic business advantage is upon us, and Impetus is at the
forefront. The most successful business leaders today recognize data as their
most valuable asset and strive to leverage it at the speed of their business,
no matter where it resides,” Praveen Kankariya, Founder and Executive Chairman of Impetus
Technologies said. “The combined
force of Kedaara’s in-depth experience in scaling enterprise technology
businesses and Impetus’ tradition of innovation and services excellence in Data
Modernization, Data Analytics, Cloud Computing, and Enterprise AI will enable
customers to tap into the disruptive potential of their data and deliver
superior business outcomes.”
“We are excited
to partner with Kedaara, whose value system, transparent and collaborative
approach aligns with our core values, positioning them as a valuable strategic
partner for Impetus. Kedaara can provide a strategic growth engine to tap into
Impetus
Akin Gump Strauss Hauer & Feld, Quillon Partners and
Kelley Drye & Warren served as legal counsels,
and Deloitte Touche Tohmatsu served as financial & tax
advisor to Kedaara. Kirkland & Ellis and Linklaters served as legal
counsels on acquisition financing matters.
Ernst & Young served as the exclusive sell-side
transaction advisor, DLA Piper and Khaitan & Co. served as legal counsels,
and SingerLewak served as tax advisor to Impetus Technologies.
About Impetus
Technologies
Impetus
Technologies enables the Intelligent Enterprise™ with innovative data
engineering, cloud, and enterprise AI services and solutions. Impetus’
expertise and elite engineering talent ensure certainty in delivery, solving
the toughest challenges across industries. Impetus also offers tailored solutions
for automated data platform modernization, cloud cost optimization, data
platform creation, and data catalog upgrades to unlock data responsibly for
GenAI. Impetus has evolved into an end-to-end data, AI and cloud
engineering services focused player. It was one of the first IT services
companies to enter the Big Data space and leveraged the same to build strong
client relationships with marquee companies in a diverse set of industries.
With the services business at its core, Impetus has also built an industry
leading product franchise around its LeapLogic™ offering that automates data migration across a broad range
of on-premises and cloud platforms. Impetus is known for its high-quality
global talent base which is focused on driving growth, enhancing efficiency,
and ensuring a competitive edge through continuous innovation and flawless,
zero-defect delivery for its customers.
For more information about Impetus, please visit: https://www.impetus.com/
About Kedaara
Kedaara is an operationally oriented private equity firm
pursuing control and minority investment opportunities in India. It currently
manages over $6 billion through investments in several market-leading
businesses across a variety of sectors including consumer, financial services,
pharma/healthcare, and technology/business services. Kedaara’s operating
partner model comprises former CEOs with proven track records of building
market-leading businesses, enabling them to realize their full potential. Since
its inception, Kedaara has remained singularly dedicated to its stated strategy
of focusing on investments built through trust-based relationships with
best-in-class entrepreneurs and management teams across secular fast-growing
end markets. Kedaara combines the strengths of a well-networked, highly
experienced local investing and operating team, with the experience of their
strategic partner, Clayton, Dubilier & Rice, a global private equity firm
whose investment model blends financial skills with operating expertise.
For more information about Kedaara, please visit: https://kedaara.com
For
any questions, write to inquiry@impetus.com and contactus@kedaara.com. Follow Impetus Technologies on LinkedIn and Kedaara
Capital on LinkedIn for the latest
updates. The following companies referenced in this release are
publicly traded corporations: AWS (NASDAQ: AMZN), Google Cloud (NASDAQ: GOOG),
Microsoft (NASDAQ: MSFT) and Snowflake (NYSE: SNOW).
Media Contacts
Nitanshi
Sharma | nitanshi.sharma@pitchforkpartners.com | +91 70005 84756