Rage Frameworks, a managed service provider of business process automation and big data solutions, has partnered with growth private equity firm Kayne Partners.
Headquartered in Westwood, Massachusetts, Rage was founded by serial entrepreneur Venkat Srinivasan (chairman and chief executive) and launched its managed services business in 2006. Rage delivers its software through a technology platform on a subscription basis. The company’s solutions enable large enterprise clients to automate manual business processes and use big data analytics to inform decision making.
“We are proud to have the support of Kayne Partners at this important juncture in Rage’s growth. Our partnership will enable Rage to significantly expand its sales and marketing investments and continue to develop its pioneering technology in service of its customers. We are particularly pleased with how our vision is aligned with Kayne Partners’ strategy in managed services,” says Srinivasan.
“Kayne Partners has vast experience providing transformative capital to high growth companies that are at an inflection point,” says Nishita Pawar, a vice president of Kayne Partners. “We have been following the business process automation space and big data market for a while now, and Rage is unique in combining automation and analytics into their solutions. We are excited to be partnering with Rage and believe that they are a market leader through innovation and excellence.”