Recognize raises $1.3 bn for its inaugural fund

Recognize, a technology investment platform that is focused on the $2-trillion technology services industry, has raised approximately $1.3 billion for its inaugural fund.
Dollar spending on technologyRecognize’s 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.

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.

Recognize Co-founder Frank D’Souza said: “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, underscoring the opportunity for focused investors with a deep knowledge of the industry.”

Related News

Latest News

Latest News