The divestment of stakes greatly enhances Experion’s ability to collaborate with clients worldwide, tap into EQT’s portfolio companies, and leverage Indium’s expertise, leading to increased market visibility, expanded reach, and deeper industry insights.
October 16, 2024 — Trivandrum — Experion Technologies, a leading global product engineering services company, is pleased to announce that a strategic investment from Indium Software, backed by EQT, one of the world’s most prestigious private equity firms is consummated. This partnership underscores EQT’s confidence in Experion’s capabilities and its commitment to delivering exceptional value to clients across North America, the UK, Europe, Australia, and Japan.
EQT’s focus is on businesses that combine strong market positions with a capacity for innovation. Product engineering companies like Experion fit well within this strategy, offering high-growth potential through cutting-edge services such as AI, machine learning, and advanced analytics—tech that also differentiates Indium. EQT will support Experion in its next phase of growth, drawing on EQT Partners’ global experience in technology services, with approximately $11 billion invested in the sector in Asia, its in-house digitalization capabilities, and its global network of industry experts.
EQT acquired a majority stake in Indium in December 2023, and this partnership, facilitated through Indium, enhances Experion’s market value proposition. As a fast-growing, AI-driven digital engineering services company, Indium offers innovative solutions in application and data engineering, further strengthening Experion’s position.
Leveraging partnerships with industry leaders like AWS, Azure, and GCP, Indium specializes in Low-Code Development, Data Engineering, AI/ML, and Quality Engineering. By combining Experion’s end-to-end product engineering expertise—from ideation to market launch—with Indium’s advanced data and AI capabilities, the company is now uniquely positioned to help clients across industries such as financial services, healthcare, manufacturing, retail, automotive, and transportation build transformative and scalable digital products, platforms, and solutions with compelling user experiences while expanding its geographic footprint.
“We are thrilled to be part of the EQT-Indium family, and Experion stands to benefit immensely from Indium’s market presence, diverse range of offerings, and extensive experience working with global enterprises,” said Binu Jacob, CEO and Co-founder of Experion. “Our journey at Experion has been one of empowering clients with transformative digital solutions, and our Product Engineering expertise has been at the heart of that success. Partnering with Indium will not only enhance our AI-driven engineering capabilities but also unlock synergies and scale our solutions to a broader global audience, building on our shared values of integrity, innovation and customer-centricity”
EQT’s decision to invest in Experion serves as a significant endorsement of the company’s strengths and potential within the industry. EQT focuses its investments on several key areas that align with global trends in sustainability, technology, and digital transformation. These include digital infrastructure and innovation, where they target companies advancing artificial intelligence (AI), data analytics, cloud computing, and IoT.
“The synergies and complementary capabilities of Indium and Experion will meaningfully amplify our ability to deliver superior digital and product engineering solutions to customers. We are confident of unlocking multiple new opportunities with both existing and new clients and have set a revenue target of USD 150 million for the next financial year,” said Ram Sukumar, CEO and Co-founder of Indium. “We are incredibly excited to welcome the Experion team to our family, and we look forward to further strengthening our culture of engineering excellence, coupled with exceptional customer experience.”
Founded in 2006, Experion has strong capabilities across product strategy, engineering, cognitive computing, platform engineering, and experience design, enabling clients to design, develop, deploy, and maintain products and platforms with IP. Experion’s global clientele includes large enterprise leaders, including Fortune 500 companies in industries such as automotive, insurance, healthcare, retail, and transportation. Additionally, Experion has built mission-critical and futuristic products and platforms for new-age ISVs and start-ups. Experion’s impressive revenue growth of 30 percent CAGR over the past four years underscores its position as a leader in global digital product engineering.
About Experion Technologies
Experion Technologies, founded in 2006, is a Global Product Engineering Services company offering enterprises future-ready and transformative digital solutions. The organization’s product engineering maestros work out of 3 development centers in India – Trivandrum, Kochi, and Bangalore, and 8 global offices across Europe, Asia-Pacific, and North America.
Experion has been recognized multiple times by Frost and Sullivan, Clutch, Inc. 5000, and Everest Group for core expertise in Digital and Software Product Engineering services. Experion brings expertise in the latest technology while crafting exceptional product experiences, utilizing Data and AI, Cognitive Computing, DevSecOps, and Experience Design capabilities across domains. The organization drives new revenue streams, digitizes business processes, and helps improve operational efficiency and productivity in the Healthcare, Retail, Transport and Logistics, BFSI, Construction and Engineering, and EdTech sectors.
As a partner to 500+ global customers across 37 countries, Experion’s team of 1,500+ product engineering maestros is focused on creating meaningful value, innovation, and shared success through digitally driven programs for its customers, partners, and society. Experion is ISO 27001:2013 and QMS(9001: 2015) certified, and is committed to international data protection standards, compliant with SOC 2 Type II. The organization has also been certified as a Great Place to Work for three consecutive years.
To know more, please visit experionglobal.com
About Indium
Indium is a fast-growing, AI-driven digital engineering services company that develops cutting-edge solutions across applications and data. With deep expertise in next-generation offerings that combine Generative AI, Data, and Application Engineering, enabled by a strong partner ecosystem including AWS, Azure, GCP, Databricks, Mendix, Striim, Elastic, and WSO2, Indium provides a comprehensive range of services, including Low-Code Development, Data Engineering, AI/ML, and Quality Engineering.
With about 3,500 associates globally, Indium has established strong relationships with Fortune 500 companies across various industries, including financial services, healthcare, manufacturing, retail, technology, and gaming companies in North America, India, and the Asia Pacific region.
To know more, please visit indium.tech