Avendus Advises Accion Labs on Its Strategic Growth Investment From TA Associates

We are very pleased to welcome TA Associates as an investor in Accion, In choosing to partner with TA, Accion and the Basil team were particularly attracted by the firm’s global presence, long history of investing in the technology sector and experience in growing portfolio companies through M&A. We believe that TA will prove to be a valuable partner as we seek to further grow Accion organically and through acquisitions, with a particular focus on the U.S. and European markets.

As a niche technology provider that is disrupting the IT services space, Accion has been an ideal fit for Basil, It has been truly gratifying to be involved with Accion since inception, helping drive strategy and growth at this leading-edge business.
 

We welcome the opportunity to work with TA, leveraging their deep U.S. market experience to help scale Accion organically and through M&A

This investment in Accion Labs by TA Associates is further indicator of top global investors’ continued interest in the dynamic and fast growing sub-segment of digital engineering services fueled by rapid transformation of enterprises. This investment will further propel Accion’s impressive and impactful journey led by Kinesh and team in partnership with the Basil team. Digital engineering services has been one of the most active sub-segments in the technology services space for Avendus, having done on an average one global deal per year for the last decade. This transaction further strengthens our position in the market.