- Indecomm Digital Services recently announced that it raised $200 million from an affiliate of Warburg Pincus
Indecomm Digital Services recently announced that it raised approximately $200 million from an affiliate of Warburg Pincus. Indecomm Digital is a leader in providing next-generation product engineering and digital experience services to leading global technology companies and software businesses. And Indecomm Digital has deep capabilities across verticals including high-tech, fintech, health tech, travel, digital payments, digital commerce, and supply chain and logistics.
Based in Scottsdale, Arizona, Indecomm Digital led by Venu Raghavan — who has over 25 years of experience in the IT industry in both operational and advisory roles.
“With a successful track record of backing management teams in growing great businesses and their global experience in the high-tech and next-generation IT space, Warburg Pincus is an ideal partner for our company. Indecomm Digital offers services which are critical to our client’s success, and our teams are a de-facto extension of our client’s R&D teams. We have invested in proprietary Platforms & Products to enable faster go-to-market for our clients. The investment from Warburg Pincus will allow us to expand our presence, strengthen our R&D capabilities and scale our business as we continue to deliver industry-leading growth to the full benefit of our global customers,” said Raghavan.
Indecomm Digital Services is considered a preferred Innovation partner to some of the world’s leading technology companies. And it provides Next-Gen services like Predictive Analysis, Machine Learning, AI, IoT, Cloud, and Test Automation — which continue to grow at a higher clip.
“We are excited to partner with Venu and the Indecomm Digital management team, who bring strong domain experience in the product engineering industry. The Company has carved a strong leadership position in the next-generation product engineering space and serves both large global enterprises as well as fast-growing SaaS companies. We look forward to supporting the management team in expanding the Company’s global footprint and service lines through organic and inorganic means,” added Warburg Pincus managing director and CFO Steven Glenn.
Indecomm Digital also has deep cluster vertical capabilities in high-tech, FinTech, Health Tech, Travel, Digital Payments, Digital Commerce, Supply Chain & Logistics, and other niche areas. Plus the company has set-up strategic enterprise partnerships to deliver superior business results for its clients, helping them gain time-to-market advantage and achieve accelerated ROI. And Indecomm Digital has more than 3,000 product engineers and also has a strong global presence with offices in LatAm, India, and the APAC regions.
“It has been an exciting journey for us to support the management team at Indecomm Digital through our investment, and grow the digital business. Our unwavering faith in backing an outstanding leadership team that has consistently delivered exceptional results is a vindication of our investment thesis of supporting management teams with a proven track record. The team has shown great leadership in building world-class capabilities and supporting leading customers towards their product engineering needs. This investment by Warburg Pincus will accelerate the growth of the business, and we wish the team continued success,” explained Capital Square Partners managing partner Sanjay Chakrabarty.
