Merger and Acquisition

ChrysCapital purchases Xoriant, an IT service provider

• ByStartupStory     |    January 5, 2023

ChrysCapital, a private equity fund, has purchased Xoriant, a provider of software engineering and digital IT services. This is the ninth business services buyout for ChrysCapital since its founding and the second acquisition from the ninth fund.

“Our 5,000+ employees and associates across the globe are our true X-Factor, as well as our customers who have repeatedly shown their trust in us,” said Girish Gaitonde, Founder & CEO, Xoriant. “I am excited to team up with Sanjay Jalona and ChrysCapital for the next phase of this journey.”

The Sunnyvale, California-based company Xoriant offers solutions and services with an emphasis on digital product engineering, cloud infrastructure and operations, security, data engineering and management, and analytics. Global Fortune 100 companies use it. ChrysCapital invests in firms that provide financial, pharmaceutical, IT/engineering/business process, and business services.

“At ChrysCapital, we have developed deep expertise with digital IT services across industry verticals… We are confident of the value addition that ChrysCapital would bring to Xoriant,” said Akshat Babbar, Director, ChrysCapital. “[We are committed to building further] on the company’s client set, long-standing relationships, domain, and service-line expertise as well as digital IT offerings,” he added.

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