In a strategic move to bolster its digital engineering capabilities, EQT-backed Indium Software has acquired a majority stake in Experion, a global leader in product engineering services. While the financial specifics of the acquisition remain undisclosed, this partnership is set to enhance Indium’s offerings and expand its reach across key sectors such as financial services, healthcare, manufacturing, retail, automotive, and transportation.
With this acquisition, Indium aims to harness Experion’s extensive product engineering expertise to deliver superior solutions for both existing and new clients. “The synergies and complementary capabilities of Indium and Experion will significantly amplify our ability to provide exceptional digital and product engineering solutions,” said Ram Sukumar, CEO and Co-founder of Indium Software. The firm has set an ambitious revenue target of $150 million for the upcoming financial year.
This acquisition also marks a pivotal step in increasing Indium’s global workforce to 5,000 employees, further enhancing its market presence. Founded in 2006, Experion specializes in areas such as product strategy, cognitive computing, platform engineering, and experience design, helping clients develop and maintain proprietary products and platforms.
Binu Jacob, CEO and Co-founder of Experion, expressed excitement about joining the EQT-Indium family, stating, “Experion stands to benefit immensely from Indium’s market presence, diverse range of offerings, and extensive experience with global enterprises.”
Experion has demonstrated impressive growth, achieving a 30% compound annual growth rate (CAGR) over the past four years while serving clients in various industries including automotive, insurance, mining, and transportation across North America, the UK, Europe, Australia, and Japan.
This acquisition follows Indium’s own majority stake acquisition by Hong Kong-based BPEA EQT Mid-Market Growth Fund in December 2023, positioning both companies for a promising future in the competitive landscape of digital engineering services. As Indium Software and Experion join forces, they are poised to deliver innovative solutions and drive growth across their combined client base.
