Cornerstone Investment Management finalizes historic transaction
Cornerstone Investment Management finalizes historic transaction: Avenga sale, one of the largest deals in custom software development sector worldwide.
Cornerstone Investment Management (“Cornerstone”) and Oaktree Capital Management, L.P. (“Oaktree”) successfully concluded the sale Avenga to KKCG.
Avenga was started after the acquisition of IT Kontrakt by Oaktree and Cornerstone in 2017. The company swiftly ascended to become an exceptional global powerhouse in the IT industry. With unwavering dedication and visionary leadership, Avenga has carved its path to success, establishing 31 offices across 8 countries spanning from Malaysia to the United States and Argentina. Employing over 4200 industry experts and serving a diverse clientele of more than 410 companies.
This strategic move reinforces Cornerstone Investment Management 's pioneering approach to building and nurturing pan-European and global players from the ground up, underscoring the company's commitment to innovation and value creation.
"We firmly believe that unlocking value requires a fresh perspective and a willingness to explore new avenues. Our platform strategy reflects our fundamental approach, allowing us to identify and capitalize on unique opportunities that drive growth and innovation. This was exactly our plan for Avenga." said Przemysław Krych, founder of Cornerstone Investment Management.
This historic deal stands as one of largest deals in custom software development sector - reaffirming Cornerstone's commitment to innovation and expansion. Cornerstone renowned for its strategic vision and commitment to fostering growth, initially integrated Avenga into its portfolio with the aim of creating a pan-European platform. However, fueled by Cornerstone’s dedication and expertise, Avenga transcended its initial scope to become a global platform, surpassing all expectations. During each step of Avenga’s evolution it has consistently delivered cutting-edge solutions and unparalleled expertise in custom software development and consulting services.
"Avenga’s journey symbolizes a remarkable fusion of ambition, resilience, and forward-thinking leadership and will undoubtedly continue to thrive and deliver exceptional value to its clients globally.” - Przemysław Krych added.
Cornerstone Investment Management finalizes historic transaction: Avenga sale, one of the largest deals in custom software development sector worldwide.
Cornerstone Investment Management finalizes historic transaction: Avenga sale, one of the largest deals in custom software development sector worldwide.
Cornerstone Investment Management (“Cornerstone”) and Oaktree Capital Management, L.P. (“Oaktree”) successfully concluded the sale Avenga to KKCG.
Avenga was started after the acquisition of IT Kontrakt by Oaktree and Cornerstone in 2017. The company swiftly ascended to become an exceptional global powerhouse in the IT industry. With unwavering dedication and visionary leadership, Avenga has carved its path to success, establishing 31 offices across 8 countries spanning from Malaysia to the United States and Argentina. Employing over 4200 industry experts and serving a diverse clientele of more than 410 companies.
This strategic move reinforces Cornerstone Investment Management 's pioneering approach to building and nurturing pan-European and global players from the ground up, underscoring the company's commitment to innovation and value creation.
"We firmly believe that unlocking value requires a fresh perspective and a willingness to explore new avenues. Our platform strategy reflects our fundamental approach, allowing us to identify and capitalize on unique opportunities that drive growth and innovation. This was exactly our plan for Avenga." said Przemysław Krych, founder of Cornerstone Investment Management.
This historic deal stands as one of largest deals in custom software development sector - reaffirming Cornerstone's commitment to innovation and expansion. Cornerstone renowned for its strategic vision and commitment to fostering growth, initially integrated Avenga into its portfolio with the aim of creating a pan-European platform. However, fueled by Cornerstone’s dedication and expertise, Avenga transcended its initial scope to become a global platform, surpassing all expectations. During each step of Avenga’s evolution it has consistently delivered cutting-edge solutions and unparalleled expertise in custom software development and consulting services.
"Avenga’s journey symbolizes a remarkable fusion of ambition, resilience, and forward-thinking leadership and will undoubtedly continue to thrive and deliver exceptional value to its clients globally.” - Przemysław Krych added.