Source: Goldman Sachs
Antuit Holdings Pte Ltd (“Antuit”), a global, Big Data solutions company headquartered in Singapore, announced today it has secured an investment of up to $56 million led by Goldman Sachs (GS), a leading global investment bank, and Zodius Capital (“Zodius’), an original founding investor.
The funding will support further global expansion through organic growth and acquisitions.
Founded in 2013 by CEO Arijit Sengupta and Neeraj Bhargava, CEO and Senior Managing Director of Zodius, Antuit is an execution-oriented Big Data solutions firm that enables enterprise clients to unlock business value from “big and little data” through a spectrum of data management, visualization, predictive and optimization solutions. The company offers an Analytics-as-a-Service model which integrates people, products and methodologies seamlessly in two core areas: Supply Chain & Operations and Sales & Marketing. Today, Antuit’s global client base includes eight Fortune Global 500 companies, including Avon, Fonterra, Hyatt and Orix Corporation. The company has offices in New York, Seattle, Singapore, Bangalore and Auckland.
In conjunction with the investment, Goldman Sachs Managing Directors Ankur Sahu and Vishal Bakshi will join the Antuit Board of Directors, where Neeraj Bhargava serves as Chairman.
Arijit Sengupta, Antuit's CEO said, "The rapidly growing $10 billion plus Big Data services market is ripe to be organized and consolidated under a market leader. Goldman Sachs, an experienced investor in technology and services, brings us not only capital, but also deep expertise around how to grow into such a company and a global network of corporate relationships which will be instrumental to Antuit’s success.”
Ankur Sahu, Co-Head of private equity at Goldman Sachs in Asia said, “We believe Big Data analytics can be the next wave of global services and the industry is in the same early stage as IT Services in the 1990s and Business Process Outsourcing in the early 2000s. Driven by increasing data generation, faster processing speed and the evolution of data sciences, the market has tremendous growth potential.”
Neeraj Bhargava, CEO and Senior Managing Director of Zodius, noted, "Antuit has established a strong portfolio of global clients with which to build a market-leading, high-growth company. The company's modular solutions uniquely combine an understanding of industry, business and data science to deliver better revenues, cost efficiencies and investment decisions for customers.”
Goldman Sachs is an active private equity and principal investor in technology and services. Globally, the firm has invested in a number of leading data analytics-oriented technology companies operating in a diverse range of industries, including Applied Predictive Technologies (APT) and AvePoint. APT is a Virginia-based software company that provides business analytics software designed to help large, consumer-facing business. AvePoint is a leader in enterprise-class big data management, governance and compliance software solutions for next-generation social collaboration platforms.
Zodius, a founding investor in Antuit, is an experienced investor in high growth and market-defining India-centric businesses targeting the Enterprise Software and Services and Consumer Mobile/Internet markets. It is led by CEO and Senior Managing Director Neeraj Bhargava, co-founder and former CEO of leading global Business Process Management company WNS (WNS) and a former Partner at McKinsey & Company.
Contributed | what does this mean?