Indium, an AI-driven digital engineering company backed by EQT, private equity firms today announced that it has signed a definitive agreement to acquire a majority stake in Experion, a global product engineering services company with clients across North America, UK, Europe, Australia and Japan.
Founded in 2006, Experion has strong capabilities across product strategy, engineering, cognitive computing, platform engineering and experience design, enabling clients to design, develop, deploy and maintain products and platforms with IP.
Experion’s global clientele includes large enterprise leaders in industries such as automotive, insurance, mining and transportation. Additionally, Experion has built mission-critical and futuristic products and platforms for new-age ISVs and start-ups. Experion’s impressive revenue growth of 30% CAGR over the past four years underscores its position as a leader in global digital product engineering.
“The synergies and complementary capabilities of Indium and Experion will meaningfully amplify our ability to deliver superior digital and product engineering solutions to customers. We are confident of unlocking multiple new opportunities with both existing and new clients and have set a revenue target of USD 150 million for the next financial year,” said Ram Sukumar, CEO and Co-founder, Indium.
“We are incredibly excited to welcome the Experion team to our family, and we look forward to further strengthening our culture of engineering excellence, coupled with exceptional customer experience,” he added.
“We are thrilled to be part of the EQT-Indium family, and Experion stands to benefit immensely from Indium’s market presence, diverse range of offerings and extensive experience working with global enterprises,” said Binu Jacob, CEO and Co-founder, Experion.
“Our journey at Experion has been one of empowering clients with transformative digital solutions, and our product engineering expertise has been at the heart of that success. Partnering with Indium will not only enhance our AI-driven engineering capabilities but also unlock synergies and scale our solutions to a broader global audience, building on our shared values of integrity, innovation and customer centricity,” he said.
Indium is an AI-driven digital engineering services company, that develops cutting-edge solutions across applications and data. With deep expertise in next-generation offerings that combine Generative AI, Data, and Application Engineering, enabled by a strong partner ecosystem including AWS, Azure, GCP, Databricks, Mendix, Striim, Elastic and WSO2, Indium provides a comprehensive range of services including Low-Code Development, Data Engineering, AI/ML, and Quality Engineering.
