Aricent, a US-based innovation, technology and outsourcing company focused on the communications industry, has announced an investment of $60 million (£32.2 million) from private equity house KKR and new investor, Bahrain-based, The Family Office.
Aricent, a US-based innovation, technology and outsourcing company focused on the communications industry, has announced an investment of $60 million (£32.2 million) from private equity house KKR and new investor, Bahrain-based, The Family Office.
Aricent plans to use the investment to build on and expand relationships with infrastructure, application and service providers worldwide, as well as to expand the company’s business activities in the
Sanjay Dhawan, president and COO of Aricent, said: “We continue to see strong validation that our combination of innovation, technology and communications domain expertise is a strong match for today’s strategic sourcing requirements.”
He added: “We wanted to take advantage of our momentum by strengthening our balance sheet as the company continues to outpace the market in terms of growth and new customer acquisition.”
James H. Greene, of KKR added: “In 2007, we invested in and partnered with Aricent to help make a world-class company even better. Today’s announcement builds on the company’s strong results, providing Aricent with additional capital to continue to grow.”
