Service Provider Infogain Receives $63 Million Funding Infusion

By Laura Stotler
TMCnet Contributing Editor

MSP and IT consulting company Infogain has brought in $63 million in new funding from ChrysCapital. The move is a vote of confidence in the service provider, which has more than doubled its revenues during the past five years.

The company claims it is growing at a 50-percent higher rate than the industry average, fueled by longstanding relationships with some pretty large customers. Infogain counts among its clients five of the world’s largest 50 enterprises along with 20 of the largest 1,000 enterprises globally.

According to Kapil Nanda, CEO of Infogain, the MSP will use the new funds to grow both organically as well as through strategic acquisitions. Infogain also plans to diversify its service offerings, moving into areas like cloud services, customer experience and end-to-end retail solutions. Infogain will additionally expand its reach geographically to serve new locations and markets.

"We are excited about this new support for Infogain and look forward to providing our customers expanded offerings as we grow," said Eddie Chandhok, president of Global Delivery at Infogain. "Infogain has significant strength in processes, systems, thought leadership, innovation and its collaborative culture. We look forward to leveraging these strengths to drive continued organic growth, and our entire team is excited about collaborating for success with other groups that Infogain engages with through corporate acquisitions."

Infogain has plenty of experience forging strategic alliances and partnered with XCCommerce earlier this year. The company specializes in transformative promotion solutions and together the firms are delivering complete promotions solutions to retailers. Services are designed to help retailers simplify and future proof their promotion creation and execution across a variety of channels.

Infogain also achieved ISO 270001:2013 certification for both of its development centers earlier this year. The designation means the service provider is meeting stringent security controls and processes at the centers, as verified by a third-party auditor.

Edited by Maurice Nagle