Recognize Partners invests in Ciklum
Ciklum Group Limited (Ciklum), a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, has secured a significant strategic investment from global technology investment platform Recognize Partners.
Headquartered in the UK, Ciklum specialises in enabling digital transformation for some of the largest household names and platforms in the digital economy. The Company partners with its clients enabling them to achieve their true potential in the digital age; Ciklum has a strong presence across the hi-tech, fintech and consumer sectors with clients across 30-plus countries, with 3,500-plus engineers operating in digital custom software development centres across Ukraine, Belarus, Spain, Poland and Pakistan.
Recognize is a specialist technology investment platform established by Frank D’ Souza, co-founder and former CEO of Cognizant, Charles Phillips, former CEO of Infor and former President of Oracle, and financier David Wasserman, a long-time partner at Clayton, Dubilier & Rice. Recognize will work in partnership with the existing shareholders and management team. Frank D’Souza will join the Company’s Board of Directors along with Recognize partners Rajeev Mehta, former President of Cognizant and Josh Miller, a founder of venture studio Atomic.
Kulraj Smagh, Chief Executive Officer of Ciklum, says: “Recognize is a deeply respected investor in digital transformation and their involvement is a validation of Ciklum’s qualities as a business. Having such industry leading and experienced board members will take us to the next level and we’re delighted to welcome them as our new investors and partners in driving the business to even greater heights. I believe this transaction will be transformational for our people and our clients, enabling Ciklum to play a much bigger role in fueling the global digital economy.”
“Digital transformation is top of the agenda for businesses across the globe,” said Frank D’Souza, co-founder of Recognize.
“Ciklum is perfectly positioned to meet the demand for cutting-edge technological solutions with the exceptional quality of engineering talent it brings to clients. We look forward to supporting and accelerating the Company’s growth.”