Ness Digital Engineering, a global full-lifecycle digital services transformation company, will be acquired by KKR, a leading global investment firm, it was announced Thursday.
Founded in 1998 and headquartered in Teaneck, Ness is a leading provider of end-to-end digital transformation services that specializes in building digital software products and platforms. Ness helps organizations envision, build and continually evolve their digital platforms to enter new markets, capture new revenue and gain operational efficiencies.
Ness offers a wide range of digital practices that include cloud engineering, data and analytics, experience design, intelligence engineering and Salesforce for businesses across sectors. It has a presence in North America, Europe, the Middle East and Asia, with a globally diversified talent pool across India, Eastern Europe and the U.S.
Ness was part of the Rohatyn Group, an asset management firm focused on emerging markets and real assets, headquartered in New York.
Ness CEO Ranjit Tinaikar welcomed the announcement.
“We are thrilled to welcome an investor of KKR’s caliber in Ness,” he said. “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.
“I want to thank TRG for their consistent stewardship throughout the years. They have been great strategic partners to the management team and helped us to execute our growth strategy.”
Gaurav Trehan, partner and CEO of KKR India, said the company matches the mission of KKR.
“Digital transformation and adoption is a critical strategy for businesses of all sizes worldwide,” he said. “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 alongside 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.”
