Ness Digital acquires Risk Focus, deal likely to close in Q2 FY21

Pune: Digital options supplier Ness Digital Engineering acquired Risk Focus, a consulting and advisory agency specialising in digital transformation for financial services. The monetary particulars of the deal weren’t disclosed.

The transaction is anticipated to shut within the second quarter of 2021. Alantra LLC served because the monetary adviser to Danger Focus.

“Including Danger Focus’ core competence in digital transformation companies to Ness’ core DNA in product engineering strengthens Ness’ place as a full lifecycle digital engineering agency providing digital advisory via scaled engineering companies,” Ranjit Tinaikar, chief govt officer at Ness Digital Engineering, mentioned in an announcement on Wednesday. “With this acquisition, Ness additionally continues to execute on its technique to construct robust trade experience in monetary companies and bolster our competencies in cloud and knowledge companies.”

Headquartered in New York, Danger Focus is an Superior AWS Associate with monetary companies, migration and DevOps competencies, in addition to Premier Confluent Methods Integrator, making it one of many prime 5 AWS companions within the monetary companies trade.

“Becoming a member of Ness permits Danger Focus to higher serve our shoppers by including scale-out engineering capabilities to the Danger Focus experience in digital transformation,” Vassil Avramov, founder and CEO of Danger Focus, mentioned within the assertion. “I sit up for serving to drive our continued success in addition to deepening our know-how excellence in cloud, knowledge and AI in my new function as CTO of Ness.”

Ness is a full lifecycle digital engineering agency providing digital advisory via scaled engineering companies and is a portfolio firm of The Rohatyn Group (TRG).