Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund
By MYBRANDBOOK
Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, announced today that it has raised approximately $1.3 billion for its inaugural fund. With disruptive technologies driving enterprises to reimagine their operating models, Recognize seeks to partner with next-generation technology services firms to translate these innovations into business value.
Recognize strives to be a first-of-its-kind platform, linking inspired technology entrepreneurs and founders who have unconventional ideas with strategic capital, operational expertise, and industry insights. Through this platform, entrepreneurs and founders gain access to exclusive talent networks, corporate relationships, and intellectual property, as well as an operating playbook of best practices to help companies scale, innovate, and operate more efficiently.
The firm was founded by a team of industry veterans with diverse backgrounds and extensive experience building global technology companies and making strategic investments. The team includes Frank D’Souza (Co-Founder and former CEO of tech services firm Cognizant), Raj Mehta (former President of Cognizant), Charles Phillips (former Chairman and CEO of enterprise SaaS company Infor and former President of software company Oracle), and David Wasserman (former Partner at private equity firm Clayton, Dubilier & Rice).
Recognize has closed on three platform investments with over 4,000 employees that exemplify transformative themes in tech services. These include Ciklum, a leading cloud-native, digital engineering firm with a delivery network across Eastern Europe; SpringML, one of the largest pure-play services organizations focused on Data, AI/ML, and other Google Cloud solutions; and Torc, a company redefining the future of work through a virtual talent platform for software engineers.
“The speed of technological innovation is changing entire industries, and it is imperative for businesses and governments to keep pace,” said Co-founder Frank D’Souza. “The technology services market is 3.5x larger than the software industry, yet the sector has only attracted one-third of the amount of private equity capital[1], underscoring the opportunity for focused investors with a deep knowledge of the industry.”
“Software and technology services have always been closely linked and the next-generation of hybrid services companies will apply more proprietary technology to their service delivery in order to create repeatable business outcomes,” said Co-founder Charles Phillips. “In addition, we see a tremendous opportunity to use our platform to create technology jobs in historically underrepresented communities.”
“We have assembled a distinct group of operators and investors, who are committed to empowering the next-generation of industry champions,” said Co-founder David Wasserman. “We look forward to partnering with companies and talented management teams to shape this sector.”
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
TAC SECURITY SOLUTIONS
LAVA INTERNATIONAL LTD.
STERLITE TECHNOLOGIES LTD.
EXATRON SERVERS MANUFACTURING PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SOM SATSANGI
With more than three decades in the IT Sector, Som is responsible for ...
ICONS OF INDIA : SRIDHAR VEMBU
Sridhar Vembu is the chief executive officer (CEO) of Zoho Corporation...
Icons Of India : NIKHIL RATHI
Co-founder & CEO of Web Werks, a global leader in Data Centers and Clo...
PARTNER SPEAKERS
PSU
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
GeM - Government e Marketplace
GeM is to facilitate the procurement of goods and services by various ...
C-DOT - Center of Development of Telematics
India’s premier research and development center focused on telecommu...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
Indian Tech Talent Excelling The Tech World - Aman Bhutani, CEO, GoDaddy
Aman Bhutani, the self-taught techie and CEO of GoDaddy, oversees a co...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
