Kedaara Capital announces $350 mn investment in Impetus Technologies

Data and AI Services have become key across all industries as enterprises increasingly focus on leveraging data-driven insights to drive innovation and gain competitive differentiation.

Kedaara Capital on Thursday has announced a $350mn+ strategic investment in Impetus Technologies. Impetus is a leading provider of Data, Analytics and AI solutions to marquee Fortune 500 clients across the US and Europe.

"Impetus is uniquely positioned to deliver transformative outcomes in this high-growth environment and has established itself as a trusted partner in Data and AI solutions for large enterprises," according to a statement.

The statement further added that Impetus has established a strong global footprint powered by over 3,000 team members consistently delivering exemplary results to its clients. In addition to its Data, Analytics, and AI service offerings, Impetus’ enterprise software product offerings include LeapLogic, a globally recognized Cloud and Data Migration accelerator, which enables businesses to accelerate transformation of legacy ETL, Data Warehouse, and Analytics systems to any Cloud environment with up to 95% automation, while ensuring business continuity and operational efficiency.

Impetus’ strong focus on innovation was recognized when it was named “Migration Partner of the Year” for the past two years by Databricks, a leading Data Platform provider. Impetus has established strong strategic global partnerships with a broad array of leading industry vendors including AWS, Databricks, Google Cloud, Microsoft, and Snowflake. Impetus has fostered an innovation-driven, meritocratic culture that prioritizes ownership, customer- centricity, and delivery excellence, and has been recognized as a “Great Place to Work, India” for 10 consecutive years.

Sunish Sharma, Founder and Managing Partner at Kedaara, said “Data, Analytics and AI are key drivers for innovation in the technology landscape and represent some of the fastest growing markets, advancing transformation across industries. Impetus has established itself as a transformative provider of Data and AI solutions to distinguished clients with a team of highly skilled engineering talent. We are excited to collaborate with Ritu, Praveen and the entire team to unleash the next phase of growth, accelerate their global footprint, and further their mission of delivering cutting-edge solutions to drive impact.

Saakshi Gera, Director at Kedaara, said “Impetus’ commitment towards client satisfaction coupled with a strong employee focused culture differentiates them from the competition. It is uniquely positioned to capitalize on the tailwinds in the Data and AI space. We will strive to continue the innovation driven culture fostered by Ritu, Praveen and the management team to propel Impetus to the next level.”

“The age of data-driven strategic business advantage is upon us, and Impetus is at the forefront. The most successful business leaders today recognize data as their most valuable asset and strive to leverage it at the speed of their business, no matter where it resides,” Praveen Kankariya, Founder and Executive Chairman of Impetus Technologies said. “The combined force of Kedaara’s in-depth experience in scaling enterprise technology businesses and Impetus’ tradition of innovation and services excellence in Data Modernization, Data Analytics, Cloud Computing, and Enterprise AI will enable customers to tap into the disruptive potential of their data and deliver superior business outcomes.”

“We are excited to partner with Kedaara, whose value system, transparent and collaborative approach aligns with our core values, positioning them as a valuable strategic partner for Impetus. Kedaara can provide a strategic growth engine to tap into Impetus’ true potential.”, said Ritu Bapna, Co-founder and Executive Vice-Chairman of Impetus Technologies.

"Ernst & Young served as the exclusive sell-side transaction advisor"