Avendus Capital Advises GAVS Technologies, an AI-Led Digital Transformation Company, on Its Majority Stake Acquisition by Kedaara

Cost efficiency improvements, the adoption of the value-based model, changing consumer expectations, the complexity of contracts and regulatory push are accelerating the adoption of digital technology. We are excited to partner with the GAVS team to support their continued effort in working with clients to aid that transition. Sumit and the senior leadership team have built a robust platform at GAVS, with exceptional capabilities, focus on innovation, and partnerships with world-class clients, especially in the Healthcare sector.

Status-quo is not an option – businesses have constantly evolved to leverage advances in technology to increase agility, customer satisfaction, growth and profits. Today, this evolution includes the digital transformation of the business models and, subsequently, the IT operations of organizations. COVID-19 has only accelerated work in this direction,

With a strong DNA of innovation-led culture and customer-centricity, GAVS is well-positioned to be one of the premier AI-led digital transformation focused service providers,

Over the past 12 years, we have been involved in scaling GAVS into a 2,100+ person, innovation-led organization. Kedaara coming in as the majority shareholder will enable GAVS to further build on its strengths and take advantage of the growing need for digital adoption across industries (especially in Healthcare) in the US and India, leveraging Kedaara and CD&R’s extensive network and relationships.

Historically, the healthcare sector in the US has been slower to adopt IT as compared to players in the BFSI, retail sector, and consumer sector etc. But now, digital adoption has become an imperative. The abundance of untapped data and the increased focus on improving patient experience, and regulatory push are likely to drive IT adoption in healthcare, especially in the space of cloud migration, data analytics, and security services. GAVS is well-positioned to capitalize on the spend on digital transformation initiatives by healthcare providers.

Jewish Board has been associated with GAVS Technologies for the past 8 Years in providing end-to-end IT Support services. Through their AI led IT support services, they have been able to improve the reliability of our IT systems and have delivered about 35% cost savings YoY.

At GAVS, all my colleagues and I are committed to building an AI-led digital transformation company with a focus on successful client engagements. We were most impressed with the leadership, competency, and aspirations at Kedaara and CD&R. We feel privileged to partner with them to pursue our vision. Kedaara’s investment in GAVS is a testament to the culture of technological innovation, client centricity, and employee engagement that we have instilled in our company. Kedaara has significant experience in scaling businesses while retaining the entrepreneurial ethos in the portfolio companies. We believe that Kedaara and CD&R will be the ideal partners for GAVS’ clients, employees, and for our stated values.

Organizations are leveraging data and digital ecosystems at break-neck speed to deliver differentiated products and experiences to their customers. With the acquisition of Basil’s majority stake by Kedaara and support from Clayton, Dubilier & Rice, GAVS is well-positioned to be a leading next-generation technology partner to high-growth organizations, powering their digital transformation journeys. GAVS will not only help these organizations remain relevant in their marketplaces but will redefine them.