Apax Partners has bought Indian software company 3i Infotech Limited‘s software products business. The acquisition will be owned by Apax’ newly formed Azentio Software.
3i’s software products business serves the banking, financial services and insurance industries. “ERP, core banking and insurance software are key areas of focus for the Apax Funds, with numerous successful investments to date. Azentio provides critical, vertical-specific software that allows its customers to stay competitive.” says Apax partner Umang Kajaria. “We look forward to partnering with the Azentio management team in driving continued innovation and creating a software leader for the MEA and APAC regions.”
Apax invests in companies in the technology, healthcare, services and consumer sectors.