Our integrated global Enterprise Technology and Services (ET&S) team, which is spread across the US, Europe and India, allows us to act locally, while utilizing global relationships and best practices to enrich our solutions.
As a practice, we believe in building our thought leadership in this dynamic technology sector, through our deep and long-term relationships with relevant industry players, extensive transaction flow and regular publication of reports on emerging industry trends as well as on topical areas like cross-border taxation and structuring. With over 100 transactions in the sector, the firm has a global network of buyer and investor relationships in the US, Europe and Asia.
Sub-Sectors in Focus
Our mergers and acquisitions (M&A) advisory and private equity (PE) syndication services are recognized as amongst the best in these chosen sub-sectors.
- Digital transformation service
- Software product development for enterprises
- Cloud enablement
- Intellectual property led new generation solutions – IaaS, PaaS, SaaS
- Traditional technology services
- IT infrastructure management services
- Vertical specific IT solutions in BFSI and healthcare
Led By
Amit Singh
Managing Director and Co-head, Enterprise Technology and Services, Avendus Capital
Amit Singh has over 19 years of IT services and investment banking experience and currently co-heads the Enterprise Technology and Services (ET&S) vertical for Avendus’s investment banking business. Amit has concluded more than 45 transactions in the technology and outsourcing space.
At Avendus, he has led and closed some of the most complex transactions in this sector including transactions like the sale of Satyam Computers to Tech Mahindra, the sale of Patni Computers to Apax/iGate combined, and acquisition of Digital Risk on behalf of Mphasis. Amit began his career with Lovelock & Lewes, a member firm of Coopers & Lybrand. His first encounter with the world of mergers and acquisitions (M&A) came within months of his starting his career at Coopers & Lybrand merged with Price Waterhouse to create the biggest of the Big Four accounting firms.
He has also worked with one of the leading new economy IT services company of the 90s, Cambridge Technology Partners, which was later acquired by Novell Inc. Amit then went on to manage M&A at Symphony Services, as one of its earliest employees. He was instrumental in the inorganic growth of the company to a 1000+ employee organization in less than three years.
Amit holds an MBA from Xavier Institute of Management, Bhubaneswar and has earned his Bachelor’s degree in electrical and electronics engineering from Birla Institute of Technology and Science, Pilani.
Puneet Shivam
Managing Director, US, and Co-head, Enterprise Technology & Services
Puneet Shivam founded the Avendus US entity along with the founders in 2007 and currently co-heads the Enterprise Technology and Services (ET&S) vertical for Avendus’s investment banking business. He is based in the US. Puneet has over 17 years of experience in financial services and consulting. He has led multiple complex transactions across the US, Europe, and Asia in the past decade.
Prior to joining Avendus, Puneet was a Board Member and Head of Management Financial Services Consulting at Inductis, a boutique financial and management consulting firm which was successfully sold to EXL Service. He started his career at Morgan Stanley and has also worked at Andersen and Mitchell Madison Group.
Puneet holds an MBA degree from the IIM, Ahmedabad and has earned his Master's degree in engineering management from IIT, Kanpur. He is a frequent speaker on the topics of entrepreneurship and mergers and acquisitions (M&A) and is a guest lecturer at the Columbia Business School. He is licensed in the US by FINRA with Series 7, 24, 63 and 66 licenses.
Reports
Quality Assurance 3.0
Traditional software testing has a new avatar - Quality Assurance 3.0! Spurred by a growth in emerging technologies, evolving customer expectations, and rapid digital transformation, the USD 40 billion global Digital QA market is projected to grow to USD 70 billion by 2030. Winners are making huge crossovers to deliver the requirements of new-age customers, enabled by cutting-edge technologies and digital-native talent. Our report provides insights into critical elements which have been shaping the Quality Assurance industry.
Retail Health Insurance - A Large Whitespace
This segment has the potential to become a USD 25 billion market in the next five years. Our report aims to identify the key factors which make Health Insurance a highly attractive segment and delves into how Retail Health is expected to be a key growth driver within the overall insurance landscape.
Agritech: Leading next decade‘s tech-first value creation
We anticipate AgriTech to drive the next wave of technology-led impact by growing at a CAGR of ~50% over the next 5 years, addressing a USD 34 billion market by 2027. Our report aims to table the key drivers leading to the success of AgriTech companies in India and deep dive across the value chain.
The Inevitability of Hyperautomation
The hyperautomation technology market is rapidly expanding at a CAGR of 12% and is set to become a USD 860 billion market opportunity by 2025 as per Gartner. In our report, we uncover what drives adoption of hyperautomation by enterprises and highlight emerging themes in the space.
Retail lending in a post covid world – winners and laggards
Banks, NBFCs, FinTech lenders - Two years of the pandemic transformed the competitive landscape in Retail Lending. In our latest report, keeping this fluid environment in mind, we simplify the intricacies and predict the winning models based on three key components - origination, underwriting and collections.
India Unjunking | A USD 30 billion appetite for health food
India is the fastest growing health food market, expanding at 20% CAGR, which is 3x the global average. It is set to become a USD 30 billion market opportunity by 2026. Uncover what is driving valuation in the sector.