PE Fund Investments
Multiples PE buys majority stake in software solutions provider QBurst for $200-M
Private Equity fund Multiples Alternate Asset Management, along with its co-investors, will acquire a controlling stake in Thiruvananthapuram, Kerala-headquartered QBurst for USD 200 million. While Multiples will hold a controlling stake, the founders - Prathapan Sethu, Binu Dasappan and Ansar Shihabudeen - will continue to have a significant stake.Founded in 2004, QBurst offers services in Digital Product Development, Enterprise Digitalization, Data Analytics, Cloud Services, AI & Generative AI Services and Digital Marketing Enablement. The company employs over 3,000 and has a presence across North America, Japan, Middle East, Europe and India.
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