The Carlyle Group Invests in ProKarma, A High-Growth IT Services Firm Focused On Next-Gen Services | Carlyle
Summary
Carlyles Global Platform and Deep Industry Expertise To Help Grow and Scale the BusinessWashington, DC Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has signed an agreement to make a substantial investment in ProKarma, a high-growth IT services firm focused on Next-Gen services that enable innovations around todays burgeoning technologies, including Digital, Analytics, Cloud, Big Data, and DevOps. The firm serves more than 150 customers from a range of industries, including TMT, healthcare, transportation, industrial, financial and consumer.Cam Dyer, Managing Director in Carlyles Technology, Media and Telecom team, said, ProKarma is a fast-growing, founder-led platform with outstanding client satisfaction resulting from their leading edge solutions and culture of thought-leadership and partnership. Jeff Miller, co-founder and Chief Sales Officer of ProKarma added, This investment will enable us to make larger acquisitions to strengthen our Digital, DevOps, Cloud and Analytics capabilities in addition to enhancing our vertical expertise in TMT, healthcare and transportation.Equity for this investment comes from Carlyle Partners VI, a $13 billion U.S. buyout fund. This investment in ProKarma will add to Carlyles experience in the Technology & Services space, which includes investments in CommScope, Dealogic, ION, SS&C Technologies and Veritas.Carlyle Partners VI is part of Carlyles Corporate Private Equity segment, the oldest and largest of the firms four business segments, with assets under management of $58 billion as of June 30, 2016. Carlyle invests across four segments Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions in Africa, Asia, Australia, Europe, the Middle East, North America and South America.