Fund News
Former Cognizant CEO promoted Recognize raises $1.3 B tech fund; closes 3 deals
Recognize, a US-headquartered technology investment firm co-founded by former Cognizant CEO Frank D'Souza, has raised about $1.3 billion for its inaugural technology focused fund. Recognize has also closed three tech services investments. These include Ciklum, a leading cloud-native, digital engineering firm with a delivery network across Eastern Europe; SpringML, one of the largest pure-play services organizations focused on Data, AI/ML, and other Google Cloud solutions; and Torc, a company redefining the future of work through a virtual talent platform for software engineers. The Recognize team, apart from D'Souza, includes Raj Mehta (former President of Cognizant), Charles Phillips (former Chairman and CEO of enterprise SaaS company Infor and former President of software company Oracle), and David Wasserman (former Partner at private equity firm Clayton, Dubilier & Rice).
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