H.I.G. Capital, a global alternative investment firm with $52 billion of equity capital under management has invested in ThoughtFocus Inc., a digital services and technology-enabled digital operations company.
Headquartered in the U.S. and founded in 2004, ThoughtFocus primarily serves the financial services end market. The company offers technology services and business services to enterprises, including product and application development, advisory services and process automation and outsourcing.
“Partnering with H.I.G. allows ThoughtFocus to continue delivering outstanding service while also pursuing growth opportunities with existing and new customers,” comments Shylesh Krishnan, chief revenue officer of ThoughtFocus. “We are very excited about the future of ThoughtFocus and believe our customers and employees will benefit greatly from this support.”
D.A. Davidson & Co. served as financial advisor to ThoughtFocus on the transaction and Reed Smith LLP provided legal advice. McDermott Will & Emery LLP provided legal advice to H.I.G.