Ness Digital Engineering Enhances Capabilities with Acquisition of RSL
Deal News | Dec 04, 2024 | PR Newswire Cision Ness Digital Engineering
Ness Digital Engineering, a leading global provider of digital transformation services, has announced the acquisition of Raja Software Labs (RSL), a company known for its expertise in developing high-volume mobile and web applications. This strategic acquisition aims to bolster Ness's capabilities in the Technology, Media, and Telecom (TMT) sector by integrating RSL's specialized knowledge in mobile app development and IoT technologies. With a strengthening of its digital and product engineering prowess, Ness intends to offer comprehensive and high-quality solutions to its Fortune 1000 clients, ensuring competitive advantages and improved efficiencies. The acquisition will see RSL's entire management and development teams joining Ness, with RSL CEO Raja Venkataraman taking a leadership role within Ness to ensure smooth integration. Avendus Capital Inc. acted as the exclusive financial advisor for RSL during this transaction. Ness Digital Engineering, which is headquartered in New York and backed by investment firm KKR, continues to expand its presence globally, serving clients across numerous innovation hubs located in the US, Eastern Europe, and India.
Sectors
- Technology, Media, and Telecommunications (TMT)
- Digital Services and Engineering
Geography
- United States – Ness Digital Engineering and the acquired company RSL are both operating in the US, with headquarters in New York and Silicon Valley respectively.
- India – Ness has operations and innovation hubs in India, enhancing its global presence and service delivery capabilities.
- Eastern Europe – Ness serves customers in Eastern Europe through its innovation hubs, thus expanding its geographical reach.
Industry
- Technology, Media, and Telecommunications (TMT) – The acquisition of RSL by Ness Digital Engineering enhances its capabilities in the TMT sector, particularly in mobile app development and IoT technologies, aimed at serving Fortune 1000 clients.
- Digital Services and Engineering – Both Ness Digital Engineering and RSL are involved in digital transformation and engineering services, focusing on product development for software companies.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ness Digital Engineering | Acquiring Company | Company | A global full-lifecycle digital services transformation company, focusing on digital advisory and engineering services. |
| Raja Software Labs (RSL) | Target Company | Company | A Silicon Valley-based company specializing in developing high-volume mobile and web applications. |
| Ranjit Tinaikar | CEO of Ness Digital Engineering | Person | Overseeing the strategic direction and integration of RSL's capabilities into Ness. |
| Raja Venkataraman | CEO of RSL | Person | To join Ness's leadership team post-acquisition, ensuring seamless transition and continuity. |
| Avendus Capital Inc. | Financial Advisor | Company | Acted as the exclusive financial advisor to RSL for this transaction. |