London-based cloud-local
computerized designing firm Ciklum declared 100 percent securing of Infogen, an advanced designing administrations organization with central command in the US and Pune, for an undisclosed sum.
Ciklum is one of the portfolio companies of Recognize, a technology investment platform, led by IT industry veterans including former Cognizant CEO Frank D’Souza along with Raj Mehta, Charles Phillips, and David Wasserman, as per economic times.
The UK firm, which offers administrations at the convergence of item designing and
artificial intelligence to improve client experience, means to twofold down in India, especially in the cloud space. In the following two years, Ciklum said it intends to burn through $40-50 million in the Indian market.
“This acquisition brings with it deep engineering talent across Microsoft Stack, SalesForce, Cloud Computing and has expanded our capabilities in cutting-edge technologies such as Augmented Reality (AR), Virtual Reality (VR), 3D interactive game and content development to deliver more immersive and engaging solutions opening up new possibilities for their clients,” the statement further said.
Francisco D’Souza, chairman of Ciklum and cofounder and managing partner of Recognize, the majority shareholder in Ciklum, said, “Since our investment in 2020, we have seen meaningful growth in demand for Ciklum’s
software solutions and there is significant opportunity to deliver yet more value to Ciklum’s global clients. We continue to bring our experience and network to support Raj and Ciklum’s team to execute on the exciting growth plan that we collectively built. and we are incredibly excited for what the future holds.”
Ciklum received funding from Recognize, a technology investment platform co-founded by D'Souza and former CEO of Cognizant, in January 2021.
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