Alantra advises Risk Focus on its sale to Ness Digital Engineering
New York – Alantra, a leading global investment bank and asset management firm, is pleased to announce it has advised Risk Focus on its sale to Ness Digital Engineering, a global provider of Digital Transformation solutions and a portfolio company of The Rohatyn Group (TRG). The transaction closed on April 30, 2021, and the deal value was not disclosed.
Headquartered in New York, Risk Focus is a leading technology consultancy for Financial Services. Risk Focus creates measurable business impact with technology expertise, business insight, and an iterative delivery process. The company is an Advanced AWS Partner with the Financial Services, Migration and DevOps competencies, as well as a Premier Confluent Systems Integrator.
“Adding Risk Focus’ core competence in Digital Transformation services to Ness’ core DNA in product engineering strengthens Ness’ position as a full lifecycle digital engineering firm offering digital advisory through scaled engineering services,” said Ranjit Tinaikar, Chief Executive Officer, Ness. “With this acquisition, Ness also continues to execute on its strategy to build strong industry expertise in Financial Services and bolster our competencies in cloud and data services.”
“Joining Ness allows Risk Focus to better serve our clients by adding scale-out engineering capabilities to the Risk Focus expertise in Digital Transformation,” said Vassil Avramov, Founder and CEO of Risk Focus. “I look forward to helping drive our continued success as well as deepening our technology excellence in cloud, data and AI in my new role as CTO of Ness.”
“Ness is one of the few at-scale, pure digital engineering players that seamlessly manages projects from strategy through execution,” said Thomas Kucera, Managing Director, TRG. “This acquisition strengthens Ness’ position as one of the top providers in digital engineering globally.”
This transaction highlights Alantra’s strong position and successful track record as advisors to companies focused on digital transformation. Alantra LLC served as exclusive financial advisor to Risk Focus. The Alantra team advising Risk Focus included Renee Shaening, Michael Lenoce, Irfan Iqbal, and Alex Bader.