Accolite Digital Announces Strategic Partnership with New Mountain Funds

DALLAS & NEW YORK–(Company WIRE)–Feb 16, 2021–

Accolite Digital, a chief in cloud and digital product engineering solutions, now declared that it has partnered with New Mountain Cash, a leading progress oriented financial investment agency with more than $30 billion in assets below management.

This press launch attributes multimedia. Watch the total release listed here: https://www.businesswire.com/news/home/20210216005399/en/

Established in 2007 and headquartered in Addison, TX, Accolite Electronic is a major electronic transformation companies service provider to the banking and financial solutions, technological innovation, health care, communications and media, and logistics industries. By means of its functions in the U.S., Asia and Europe, Accolite supplies digital products engineering, cloud products and services, details engineering, DevOps, shopper expertise and layout expert services to primary Fortune 500 prospects. As section of the transaction, Accolite’s CEO and administration team will go on to lead the company and keep invested in the organization.

The market for electronic and product or service engineering companies has grown swiftly in the latest years as firms of all sizes have embraced the strategic critical of digital encounter choices for their staff members and clients. Accolite’s differentiated experience and extensive capacity set positions the Organization favorably to get benefit of ongoing expansion in the sector pushed by the expanded adoption of electronic transformation, migration to cloud, and the proliferation of next-technology technologies such as smart automation and device finding out.

“Accolite is centered on helping our prospects correctly deliver their most advanced electronic transformation initiatives. We are energized to associate with New Mountain Cash to fast scale and accelerate our progress journey,” stated Accolite Digital’s Founder and CEO Leela Kaza. “We are self-confident that New Mountain’s deep sector expertise and confirmed observe file of constructing corporations will enable us realize our development ambitions and generate important benefits for our prospects, staff and marketplace associates.”

“New Mountain has recognized the electronic transformation providers sector for proactive financial commitment. We believe that Accolite is an eye-catching current market-major system in its industry distinguished by its greatest-in-course supply abilities and solid customer associations,” stated Prasad Chintamaneni, Taking care of Director at New Mountain Cash. “With its differentiated providing, prime-tier engineering talent and sturdy management staff, we consider Accolite is properly positioned to come to be a sector chief throughout product or service and electronic engineering, knowledge engineering, and cloud services.”

“We are energized to be partnering with Leela and the management team to speed up Accolite’s next stage of advancement,” mentioned Nikhil Devulapalli, Director at New Mountain Funds. “Strong and tenured consumer associations and a target on superior-conclusion digital expert services have constantly been the hallmarks of Accolite’s success. We seem ahead to creating on these strengths by investing in new electronic assistance choices, increasing Accolite’s international delivery model to new geographies, and pursuing strategic acquisitions.”

EY and O3 Money served as exceptional fiscal advisors to Accolite Digital for the Transaction.

About Accolite Digital

Accolite Electronic is a major service provider of cloud and electronic product or service engineering companies across the banking and monetary providers, engineering, health care, communications and media, and logistics industries. Headquartered in Addison, Texas, Accolite assists its consumers efficiently navigate their digital transformation journeys by delivering digital solution engineering, cloud solutions, information engineering, DevOps, shopper expertise and structure products and services. With around 1,600 specialists globally, Accolite has existence throughout the United States, Canada, and Europe and has electronic labs in Bangalore, Hyderabad, Gurugram and Chennai. For far more details pay a visit to: www.accolite.com.

About New Mountain Capital

New Mountain Capital is a New York-based financial commitment company that emphasizes small business creating and expansion, instead than credit card debt, as it pursues lengthy-phrase cash appreciation. The company at the moment manages personal fairness, credit, net lease serious estate and general public fairness funds with about $30 billion in assets under management. New Mountain seeks out what it believes to be the best top quality development leaders in meticulously picked marketplace sectors and then will work intensively with administration to develop the worth of these providers. For much more facts on New Mountain Capital, you should stop by www.newmountaincapital.com.

See supply version on businesswire.com:https://www.businesswire.com/news/residence/20210216005399/en/

Contact: Push

Accolite Electronic

Srikanth Palle

[email protected] Mountain Funds

Dana Gorman / Claire Walsh

Abernathy MacGregor

(212) 371-5999

[email protected]/[email protected]

Keyword: UNITED STATES NORTH The united states TEXAS NEW YORK

Marketplace Keyword: Experienced Products and services Data Administration Technological innovation FINANCE Computer software BANKING

Source: New Mountain Funds