Software engineering and digital IT services provider Xorant has been acquired by private equity firm ChrysCapital.
This is the second buyout from ChrysCapital’s ninth fund and the ninth business services buyout in its history.
Xorant Founder and CEO Girish Gaitonde said: Sanjay Jalona and his ChrysCapital are working towards the next phase of this journey. ”
Headquartered in Sunnyvale, California, Xorant provides services and solutions focused on digital product engineering, cloud infrastructure and operations, security, data engineering/management, and analytics. We have Fortune 100 customers worldwide.
ChrysCapital invests in business services (IT/engineering/business process), financial services, pharmaceutical, and consumer-focused companies.
Akshat Babbar, Director of ChrysCapital, said:
“[We are committed to building further] About the company’s customer set, longstanding relationships, domains, service line expertise and digital IT offerings,” he added.