-
Wednesday, July 15, 2020
Home News Prodapt Solutions secured funding from Affirma Capital

Prodapt Solutions secured funding from Affirma Capital

Prodapt Solutions which is a Chennai based information technology and telecommunications software solutions, has now secured investment from the London based private equity firm Affirma Capital.

The deal of the amount has not been disclosed as of now, but some of the reports suggest that it would be $70 million.

Proadapt, which is founded by the Vedant Jhaver in the year 1999, and focuses on the digital service provider ecosystem, and deliver the products and services in business support system, software designed network functions visualizations, infrastructure management, robotics process automation, machine learning, artificial intelligence and product life cycle, according to the report revealed.

Affirma Capital is operated and owned by the members of the management team from the Standard Chartered Private Equity. It has assets under the management of $3.6 billion and more than $700 million in new investments.

 “The global telco and digital media industry is changing rapidly and offers a significant growth opportunity, and Prodapt is uniquely positioned to help its clients manage this transition and growth. We look forward to working with Prodapt and use our global franchise to help them grow, both organically and inorganically,”

Udai Dhawan, co-founder, and head of India, Affirma Capital, said in the statement

This will be the fourth investment by the Affirma Capital in the previous 12 months. Before that, investments include the Northern Arc Capital, Tirupati Medicare, and Travel Boutique Online.

“Prodapt’s niche focus and differentiated capabilities is a great fit for our technology/IT sector thesis. What impressed us about Prodapt was the consistent endorsement by Prodapt’s global clients of its domain knowledge, flexibility, and a partner mindset. We are very excited to back the founders and the Prodapt family in their upcoming phase of growth,”

Abhi Dhall, executive director, Affirma Capital
Avatar
Udit Agarwalhttp://vyapaarJagat.com
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

Stay Connected

5,714FansLike
4,224FollowersFollow
1,288FollowersFollow
3,989FollowersFollow
1,267FollowersFollow
6,453SubscribersSubscribe

Must Read

Stanley Kroenke: Success Story of Kroenke Sports & Entertainment CEO

In this success post, we are going to share the story of Stanley Kroenke, an American tycoon counted amongst the world's most powerful sports...

Sun Hongbin: Success Story of Sunac Chairman

In this success post, we are going to share the story of Sun Hongbin, a Chinese billionaire real estate developer. He is the chairman,...

Jan Koum Biography: Success Story of WhatsApp Co-Founder

In this success post, we are going to share the story of Jan Koum, a Ukrainian born American internet entrepreneur who co-founded the mobile...

Jensen Huang Biography: Success Story of Nvidia CEO

In this success post, we are going to share the story of Jensen Huang, the CEO, and Co-founder of the graphics processor company Nvidia....

Related News

Stanley Kroenke: Success Story of Kroenke Sports & Entertainment CEO

In this success post, we are going to share the story of Stanley Kroenke, an American tycoon counted amongst the world's most powerful sports...

Sun Hongbin: Success Story of Sunac Chairman

In this success post, we are going to share the story of Sun Hongbin, a Chinese billionaire real estate developer. He is the chairman,...

Jan Koum Biography: Success Story of WhatsApp Co-Founder

In this success post, we are going to share the story of Jan Koum, a Ukrainian born American internet entrepreneur who co-founded the mobile...

Jensen Huang Biography: Success Story of Nvidia CEO

In this success post, we are going to share the story of Jensen Huang, the CEO, and Co-founder of the graphics processor company Nvidia....

Tse Ping: Success Story of CP Pharmaceutical Chairman

In this success post, we are going to share the story of Tse Ping, the Chairman of CP Pharmaceutical Group. Sino Biopharmaceutical, one of...

Leave A Reply

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Language »
×

Hello!

Click one of our representatives below to chat on WhatsApp or send us an email to [email protected]

×