TECH INVESTMENT FIRM RECOGNIZE CLOSES US$1.3 BILLION GROWTH FUND

KUALA LUMPUR, Jan 14 (Bernama) -- Recognize, a technology investment platform that is singularly focused on the US$2-trillion technology services industry, announced it has raised approximately US$1.3 billion for its inaugural fund. (US$1 = RM4.180)

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.

According to a statement, 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.

More details at www.recognize.com.

-- BERNAMA