Source: devops.com
Sun Capital Partners Affiliate Acquires Exadel, a Founder-Owned Software DeCategory: Business
By Deborah Schalm on March 4, 2021Leave a CommentWalnut Creek, CA— March 4, 2021 – Exadel, Inc. (www.exadel.com ), a global provider of digital software engineering solutions and services, announced today that Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm has completed an acquisition of the company.
Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams and recognized for its operational experience.
It was critical for us to work with a firm that has deep expertise in supporting and growing founder-owned businesses through both strategic acquisitions and operational improvements, and Sun Capital emerged as the clear choice,” said Fima Katz, Founder, President and CEO of Exadel.
Sun Capital has invested in technology and technology-enabled services businesses over our history, and we are very excited that Exadel is our first tech platform investment since we formalized our focus on the technology vertical and formed a dedicated team,” said Marc Leder, Co-Chief Executive Officer of Sun Capital.
Sun Capital is excited to work with Fima and the talented team at Exadel to support their continued growth and provide capital for the Company to acquire other businesses and additional talent to serve clients in this fragmented space,” added Elizabeth de Saint-Aignan, Managing Director, who leads the technology vertical at Sun Capital.
Sun Capital Partners, Inc. is a global private equity firm focused on partnering with outstanding management teams and recognized for its operational experience.
It was critical for us to work with a firm that has deep expertise in supporting and growing founder-owned businesses through both strategic acquisitions and operational improvements, and Sun Capital emerged as the clear choice,” said Fima Katz, Founder, President and CEO of Exadel.
Sun Capital has invested in technology and technology-enabled services businesses over our history, and we are very excited that Exadel is our first tech platform investment since we formalized our focus on the technology vertical and formed a dedicated team,” said Marc Leder, Co-Chief Executive Officer of Sun Capital.
Sun Capital is excited to work with Fima and the talented team at Exadel to support their continued growth and provide capital for the Company to acquire other businesses and additional talent to serve clients in this fragmented space,” added Elizabeth de Saint-Aignan, Managing Director, who leads the technology vertical at Sun Capital.
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