Avendus Capital, Inc Advises Nagarro Inc. on Its Strategic Relationship With Allgeier Holding Ag.

Nagarro builds complex, business-critical products and applications that help companies meet their core business goals and gain competitive advantage. Nagarro’s complete commitment to the success of every project, unmatched engineering skill and quality, and deep domain expertise in numerous industries build on a shared vision of success between Nagarro and each of its customers. Founded in 1996, Nagarro has offices in the US, Mexico, Germany, Sweden and India.

Allgeier Holding AG, with its headquarters in Munich, is one of the leading consultancy and service companies in the German-speaking countries. With their units IT Solutions, IT Services and Recruitment, Allgeier offers a comprehensive range of services from the initial concept through implementation to the operation of IT landscapes. Allgeier Group has 16 operational subsidiaries with over 1,300 employees as well as more than 1,400 freelance experts serving some 3,000 customers in virtually every area of the economy. In Germany, the Group runs 52 subsidiaries as well as 18 offices in Belgium, France, the Netherlands, Austria, Romania, the Czech Republic, Switzerland and China. During the 2010 financial year, Allgeier achieved sales of EUR 308.7 million. According to Lünendonk's market segment survey in 2010, Allgeier ranks no. 2 among the medium-sized IT service companies and no. 2 among IT recruitment companies in Germany. The company is listed on the official market (General Standard) at the Frankfurt Stock Exchange.