Accolite Electronic Announces Strategic Partnership with New Mountain Money

Financial commitment Business to Assistance Major Digital Transformation Companies Firm’s Accelerated Development

Accolite Digital, a chief in cloud and electronic product engineering products and services, now declared that it has partnered with New Mountain Money, a leading progress oriented financial investment business with in excess of $30 billion in assets beneath management.

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Founded in 2007 and headquartered in Addison, TX, Accolite Digital is a top electronic transformation companies service provider to the banking and fiscal solutions, technological know-how, healthcare, communications and media, and logistics industries. As a result of its functions in the U.S., Asia and Europe, Accolite provides digital product engineering, cloud expert services, data engineering, DevOps, purchaser practical experience and style and design services to main Fortune 500 prospects. As element of the transaction, Accolite’s CEO and administration workforce will carry on to direct the organization and keep invested in the firm.

The market place for electronic and product or service engineering products and services has developed fast in new a long time as organizations of all sizes have embraced the strategic crucial of electronic expertise offerings for their employees and consumers. Accolite’s differentiated knowledge and intensive capacity established positions the Company favorably to choose advantage of continued advancement in the sector driven by the expanded adoption of digital transformation, migration to cloud, and the proliferation of future-generation technologies such as intelligent automation and equipment finding out.

“Accolite is focused on aiding our clients successfully produce their most advanced electronic transformation initiatives. We are psyched to companion with New Mountain Cash to rapidly scale and accelerate our progress journey,” stated Accolite Digital’s Founder and CEO Leela Kaza. “We are assured that New Mountain’s deep sector knowledge and tested observe file of constructing firms will assist us attain our development ambitions and generate major rewards for our customers, staff members and market associates.”

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“New Mountain has identified the electronic transformation products and services sector for proactive expenditure. We believe that Accolite is an desirable market place-major platform in its field distinguished by its ideal-in-class supply capabilities and solid purchaser associations,” claimed Prasad Chintamaneni, Controlling Director at New Mountain Funds. “With its differentiated featuring, top-tier engineering talent and powerful administration group, we consider Accolite is nicely positioned to turn out to be a market place leader throughout product or service and digital engineering, info engineering, and cloud providers.”

“We are psyched to be partnering with Leela and the administration crew to accelerate Accolite’s upcoming period of advancement,” said Nikhil Devulapalli, Director at New Mountain Capital. “Potent and tenured customer associations and a concentrate on superior-end electronic services have generally been the hallmarks of Accolite’s success. We glance ahead to developing on these strengths by investing in new digital service offerings, expanding Accolite’s world shipping product to new geographies, and pursuing strategic acquisitions.”

EY and O3 Cash served as distinctive monetary advisors to Accolite Electronic for the Transaction.

About Accolite Digital

Accolite Digital is a primary company of cloud and electronic item engineering services across the banking and monetary solutions, technological innovation, healthcare, communications and media, and logistics industries. Headquartered in Addison, Texas, Accolite assists its clients successfully navigate their electronic transformation journeys by furnishing digital product or service engineering, cloud companies, information engineering, DevOps, shopper practical experience and style services. With more than 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 facts take a look at: www.accolite.com.

About New Mountain Capital

New Mountain Funds is a New York-centered investment decision business that emphasizes enterprise creating and expansion, alternatively than financial debt, as it pursues lengthy-time period cash appreciation. The company presently manages non-public fairness, credit score, internet lease actual estate and community fairness cash with about $30 billion in assets under administration. New Mountain seeks out what it believes to be the optimum quality growth leaders in cautiously selected business sectors and then functions intensively with management to build the value of these organizations. For much more information and facts on New Mountain Capital, you should take a look at www.newmountaincapital.com.

See source edition on businesswire.com: https://www.businesswire.com/news/house/20210216005399/en/

Contacts

Press
Accolite Digital
Srikanth Palle
[email protected]

New Mountain Funds
Dana Gorman / Claire Walsh
Abernathy MacGregor
(212) 371-5999
[email protected] / [email protected]