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Creador invests $18 mn in enterprise IT solutions company iValue

Sony T by Sony T
May 22, 2019
in Startup news
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Creador invests $18 mn in enterprise IT solutions company iValue 1
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Creador which is a Private equity firm today revealed that it has now picked up a minority stake with its affiliate Sundara Ltd, in iValue InfoSolutions for the INR 125 crore.

iValue InfoSolutions, a value-added distributor, offers the solutions and associated services around the data, network and application to Indian enterprises.

“This investment provides us a significant opportunity to partner with large, fast-growing technology vendors and helps accelerate along with enhanced strategic and competitive advantage,” iValue InfoSolutions co-founder and Chief Strategic Officer Sriram Srinivasan said.

He also added that the proceeds of the funding will also be used to strengthen the technology solutions portfolio and capabilities as well as with the ramping up the international operations in some of the parts of Africa and SAARC.  “We are also keen to grow inorganically through acquisitions that will complement our expertise and offerings,” he said but declined to comment on the valuation of the deal.

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iValue has also about 200 employees and plans to increase around 300 by the coming few years. The company has also crossed the revenue of INR 700 crore last year and has been growing at a CAGR of 53 percent.

This is as of now Creador eleventh investment in India. The private equity firm also invests in South East Asian and India countries in verticals like the pharma, healthcare, financial services, and building materials.

“iValue has established itself as a dominant player with a strong, entrepreneurial leadership team that is a great fit for Creador,” he said.

Tags: CreadorEnterprise AnalyticsFunding NewsiValueTech Trends
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Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

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