ThoughtFocus, Inc . (“ThoughtFocus” or the “Company”), a global provider of digital services and technology-enabled digital operations for the financial services, manufacturing, and higher education sectors is pleased to announce that H.I.G. Capital (“H.I.G.”) has made a strategic growth investment in the Company. H.I.G. is a leading global alternative investment firm with $52 billion of equity capital under management.
The growth investment is designed to help accelerate ThoughtFocus’ expansion into a global leader in digital services both organically and through acquisitions.
Today, ThoughtFocus has over 2,100 employees across offices in five different countries. It
serves clients globally with an emphasis on the U.S. market. With a family of products and
accelerators, the Company helps clients undergo an accelerated digital transformation
journey. Taking a holistic approach to digital transformation, it ensures business outcomes
through a combination of its digital technology, digital operations, and deep subject matter
expertise.
The Founders, Suman Atreya, Rajiv Goyal, and Shylesh Krishnan, expressed their
excitement about this partnership with H.I.G. In a statement, they said, “This investment from H.I.G. The capital was carefully chosen to align with the future vision of the Company. It comes at an opportune time when we have committed ourselves and our clients to ‘A Better Future Faster.’
The Company has ambitious plans for growth and this partnership with H.I.G. setsus on that accelerated path to becoming a leading global digital services provider.”Anuradha Arun, CFO at ThoughtFocus, commented “This investment is a significant milestone in ThoughtFocus’ journey to becoming a globally recognized brand in the technology industry.”
Kevin Van Culin, Managing Director at H.I.G., said, “We are excited to partner with the
founders of ThoughtFocus and have been highly impressed by the Company’s track record
of profitable growth, long-tenured customer relationships, and strong company culture.”
Blackstone Innovations Investments, which made a minority investment in ThoughtFocus in 2013, exited its investment in connection with this transaction. David Payne, Senior
Managing Director at Blackstone commented: “Blackstone’s successful investment in and
partnership with ThoughtFocus played an important role in Blackstone’s scaling of its
technology and other operations. We wish them continued success on their journey.”
D.A. Davidson served as the exclusive financial advisor to ThoughtFocus on the transaction
and Reed Smith LLP provided legal counsel.