Investcorp to acquire NSE's technology services business
Investcorp, a global alternative investment firm, has acquired NSEIT, the digital technology business of the National Stock Exchange (NSE) for Rs1000 crore, stated a press release. The transaction excludes the digital examinations business that is also housed inside NSEIT.
NSEIT, a leading provider of digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking, has a strong presence in India, North America and Middle East. The company’s offerings include digital engineering, data and analytics, artificial intelligence, cloud services, and cybersecurity services.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitThis acquisition is an extension of Investcorp’s track record of investing in technology and IT services companies around the world, particularly in the US, added the release. NSEIT is focused on significant expansion in the US, where it has grown at over 50% CAGR over the last 4 years, by increasing its roster of clients across financial services.
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“This transaction also highlights our unique ability to bring together our global platform as we look forward to driving international business working closely with our colleagues in the US and the rest of the world," said Gaurav Sharma, Head of India Investment Business at Investcorp.
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