BPEA EQT Mid-Market Growth acquired a majority stake in Indium Software, a Chennai, India-based digital engineering provider, from existing shareholders.
The amount of the deal was not disclosed.
The transaction is expected to close in Q1 2024.
BPEA EQT Mid-Market Growth will support Indium in its next phase of growth.
Co-founded in 1999 by Ram Sukumar and Vijay Balaji, Indium is a digital engineering provider, offering technology solutions to enterprise customers and born-digital companies. Today, it has of a team of 3,000 employees and has grown at a CAGR of around 50 percent over the last three year.
Huge congratulations to BPEA EQT Mid-Market Growth for acquiring a majority stake in Indium Software. I’d like to extend my warmest congratulations to the whole team who did their best to get here.
~ Dr Shishir said Gupta founder & CEO of StartupLanes
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