Private Equity

PE Fund Investments

Long Ridge buys out Everstone's majority stake in call centre s'ware maker Acqueon

Press Release  

India-focused Private Equity investor Everstone Capital has sold its majority stake in Acqueon, a Dallas, TX (USA)- and Chennai-based provider of omnichannel customer engagement software, to US-based Long Ridge Equity Partners. Everstone will retain a minority stake in the company. Acqueon's customer engagement platform allows enterprises to connect with customers for outbound sales, service, and revenue capture opportunities using customers' preferred communication channels. Acqueon - which was originally incubated under Everstone's Chennai-based portfolio company, Servion Global Solutions - has over 200 enterprise customers across financial services & banking, healthcare, retail & distribution. DC Advisory served as Acqueon's lead financial advisor. Acqueon's legal advisor was Lazare Potter & Giacovas. Choate Hall & Stewart served as legal advisor to Long Ridge.