KKR to acquire digital services transformation company Ness Digital Engineering

• Global investment giant KKR has announced it is acquiring Ness Digital Engineering.
• Ness is an end-to-end digital services transformation company.
• The terms of the transaction have not been revealed.

Kohlberg Kravis Roberts (KKR), the popular global investment giant, has announced that it has signed definitive agreements to acquire Ness Digital Engineering from The Rohatyn Group.

Ness Digital Engineering is a New Jersey-based end-to-end digital services transformation company. Ness specializes in building digital software products and platforms. The company helps organizations to build and evolve their digital platforms to enter new markets, capture new revenue and gain operational efficiencies.

KKR has invested in its Asian Fund IV. Additional terms of the transaction have not been revealed and are subject to customary closing conditions.

“Digital transformation and adoption is a critical strategy for businesses of all sizes worldwide. Against this backdrop, KKR believes that Ness is well-positioned for growth, supported by its exceptional, experience-led product engineering heritage,” said Gaurav Trehan, chief executive officer of KKR India.

“KKR is pleased to invest in Ness’ capabilities and looks forward to working alongside its talented team to further scale Ness’ digital-first platform, achieve its global ambitions, and better enable its customers to compete in the digital economy,” Trehan added.

Ness is not the first technology investment by KKR. The company has already invested in several technology companies like Cloudera, an enterprise-grade hybrid data management software, Yayoi, a software developer, MYOB, an online business management company, and more. The company had also invested $1.5 billion in Mukesh Ambani-led Reliance Jio.

“We are thrilled to welcome an investor of KKR’s caliber in Ness. We believe this transaction will help us turbocharge our growth plans and further strengthen our competitive market position,” said Ranjit Tinaikar, chief executive officer of Ness Digital Engineering.

“We look forward to leveraging KKR’s global platform and strong investment and operational expertise to deliver more innovative solutions to help our customers keep up with the pace of digitalization required by the accelerated online economy,” Tinaikar added.

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