Cognitus, an SAP software solutions provider and digital transformation business, announced that it has secured a growth investment from Siguler Guff & Company, a multi-strategy private markets investment firm with over $16 billion in assets under management (AUM), and Haven Capital Partners (HCP), a private investment firm focused on the technology services, healthcare, and education industries.
Cognitus specializes in delivering SAP-certified cloud and AI-based software solutions tailored for various industries, including Aerospace and Defense, Professional Services, Manufacturing, Wholesale Distribution, Automotive, and Consumer Products. It is a preferred SAP implementation partner and has helped several mid- to large-sized customers achieve seamless digital transformation.
KEY QUOTES:
“We are excited about this investment which will provide great momentum to Cognitus’ growth trajectory. This investment not only signifies a pivotal milestone in our vision to invest further in software innovation but also empowers us to actively shape the digital landscape of our clients with our services.”
- Pat Sathi, CEO of Cognitus
“Cognitus has demonstrated incredible growth over the last couple of years. We are honored to partner with the entire Cognitus team and look forward to helping the business continue to scale operations, recruit top talent, develop cutting-edge, mission-critical proprietary software, and potentially grow through strategic add-on acquisitions.”
- David Bainbridge, Partner at HCP
“We have been extremely impressed with the Cognitus management team and the differentiated service offering they’ve built organically from the ground up. We look forward to working with Cognitus in their next phase of accelerated growth.”
- Michael Apfel, Partner and Head of Credit and Special Situations at Siguler Guff
“The collaboration with Siguler Guff and HCP seamlessly aligns with our strategic evolution from a consulting firm to a software-driven services provider. In 2023, we grew our revenue by 60%, software revenue by 300%, and added several marquee Fortune 500 clients. The investment will help us solidify our position as a market leader in the SAP ecosystem while supporting our expansion into data, analytics, AI, and new geographies.”
- Amit Baid, President and CFO of Cognitus and Managing Partner of 10X Growth Ventures
