o3 Capital acted as the Financial Advisor to Accolite Digital on the transaction

Accolite Digital, has successfully secured investment from New Mountain Capital, a leading investment firm with over $30 billion in assets under management.

Accolite helps companies drive innovation through disruptive technologies to transform their businesses digitally and capture new opportunities.

The transaction demonstrates o3 Capital's expertise in the product engineering and digital transformation space, and its deep understanding of the US-India technology corridor. Given Accolite's global presence across three continents, the transaction entailed significant complexity which o3 Capital helped navigate, despite the limitations owing to Covid-19.

On the investment, Leela Kaza, CEO, Accolite Digital said, "Accolite is focused on helping our customers successfully deliver their most complex digital transformation initiatives. We are excited to partner with New Mountain Capital to rapidly scale and accelerate our growth journey. We are confident that New Mountain's deep sector expertise and proven track record of building businesses will help us achieve our growth ambitions and yield significant benefits for our customers, employees and industry partners."

"New Mountain has identified the digital transformation services sector for proactive investment. We believe that Accolite is an attractive market-leading platform in its industry distinguished by its best-in-class delivery capabilities and strong customer relationships," said Prasad Chintamaneni, Managing Director at New Mountain Capital. "With its differentiated offering, top-tier engineering talent and strong management team, we believe Accolite is well positioned to become a market leader across product and digital engineering, data engineering, and cloud services."