Private investment firm Sun Capital Partners (Sun Capital) has completed the acquisition of Exadel, a founder-owned, global provider of digital software engineering solutions and services. Terms of the private transaction have not been disclosed
Founded in 1998 and headquartered in Walnut Creek, California, Exadel builds critical enterprise-wide platforms with a focus on accelerating digital transformation for blue chip customers around the world. With more than 20 locations and delivery centres across the US and Europe, Exadel uses agile practices to solve complex engineering problems for clients such as Deloitte, Google, HP, McKesson and Mercer.
“Sun Capital has invested in technology and technology-enabled services businesses over our history, and we are very excited that Exadel is our first tech platform investment since we formalised our focus on the technology vertical and formed a dedicated team,” says Marc Leder, Co-Chief Executive Officer of Sun Capital. “We look forward to leveraging our experience in building founder-owned businesses to accelerate Exadel’s growth.”
Source: Private Equity Wire
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