Avendus Capital Advises Xoriant Corporation, Now a Part of ChrysCapital

When Xoriant was founded as TekEdge in 1990, I did not predict the scale and reputation that the company would achieve in the next three decades. My sincere appreciation to our 5,000+ employees and associates across the globe who are our true X-Factor, as well as our customers who have repeatedly shown their trust in us. I am excited to team up with Sanjay Jalona and ChrysCapital for the next phase of this journey and benefit from their vast experience in building large client relationships with successful global growth. I look forward to the opportunity to accelerate value creation for all our stakeholders,

My interactions with Girish and Xoriant team during last several months have made me realize how special the company is. Everyone at Xoriant brings unparalleled product and application engineering heritage and displays core values of the company – customer first, passion for technology and innovation, respect for individual, ownership and excellence, and open and collaborative culture. I look forward to partnering with the leadership team to scale the organization to its true potential in the months and years ahead,

At ChrysCapital, we have developed deep expertise with Digital IT Services across industry verticals. Given our notable investment in the space, we are confident of the value addition that ChrysCapital would bring to Xoriant in this journey. We are committed to building further on the company’s attractive client set, longstanding relationships, domain and service-line expertise as well as Digital IT offerings,

Xoriant has an enviable track record of accelerating product design, development and delivery for global brands. Its end-to-end digital engineering offerings, and its marquee client base across geographies, makes Xoriant an attractive platform for ChrysCapital. Partnering with ChrysCapital, which has been a value-added investor of choice for multiple industry-defining technology companies, will further enable Xoriant to build on its unique capabilities to become a dominant player in the digital engineering and digital transformation space. We are excited to have led this notable transaction.