ThoughtFocus Technologies LLC, an IT Service provider, received a strategic investment from Blackstone (NYSE:BX).
The amount of the transaction was not disclosed.
The investment will establish the Blackstone Center of Excellence, an IT outsourcing and offshore delivery center, to provide technology and other administrative services.
Led by Suman Radhakrishna, CEO, ThoughtFocus is an IT Service provider with over 575 employees serving customers in over 15 countries from 7 locations in the US and India. The company specializes in Offshore IT Outsourcing, Outsourced Product Development, Enterprise Applications, Payment Processing Solutions, Mobile Applications and Legacy Modernization among other IT Services.
FinSMEs
01/10/2013