This week Ness Digital Engineering hit the headlines after it was announced it has acquired Raja Software Labs (RSL), a software company founded in India and today headquartered in Silicon Valley.
RSL is a product engineering company that helps clients ship high-volume, high-impact products used by millions, and has supported companies including LinkedIn, Google and StubHub, among others.
Headquartered in New York, Ness serves customers across 11 innovation hubs in the US, Eastern Europe, and India. The company has long sat at the forefront of the IT industry, leveraging intelligent engineering services and AI to drive the next generation of product engineering.
“The acquisition of RSL is complementary to Ness’s product engineering DNA and strengthens our TMT vertical.” said Ness Digital Engineering CEO Dr. Ranjit Tinaikar. “Ness will build on RSL’s expertise in mobile app development, IoT, and web front-end technologies. We are excited to welcome this talented team to Ness and look forward to expanding on RSL’s Silicon Valley presence to deliver even greater value to our Technology and ISV clients.”
With the acquisition, Ness is set to expand its intelligent engineering capabilities, delivering world-class solutions to software product companies around the globe. RSL brings deep expertise in solving complex software engineering challenges to help clients deliver high-volume, high-impact platforms used by millions of consumers worldwide.
Commenting on the acquisition, RSL CEO Raja Venkataraman said, “We are excited to join Ness and the KKR family. Ness’s global presence, digital and cloud capabilities, and deep industry expertise will allow us to deepen our relationships and expand our range of offerings to our client base. Together, we can scale our proficiency in mobile, web, and IoT development to new heights, while expanding the impact of our cutting-edge solutions.”
This quarter a report from India Briefing showed that Indian investments in Spain amount to approximately $900 million USD, with more than 80 Indian companies active in sectors such as IT services and pharmaceuticals. In fact, India was found to be among the top five Asian investors in the country.
In turn, Spain ranks as the 16th largest foreign investor in India, with cumulative FDI totaling $3.94 billion USD as of last year. Over 280 Spanish companies operate in India, particularly in the metallurgical industries, renewable energy, automotive, ceramics and infrastructure.
India has long been synonymous with the strength of its tech talent, offering a deep labor pool with broad expertise. For international companies, these acquisitions, such as the one above, provide a way to tap into the strength of these industries.