Parabellum Investments, an international investment firm specialising in the mid- market, has bought the India business of The Column Group a US-based privately-owned technology
consulting, systems, and services provider it acquired with The Acacia Group earlier this year.
Based in Pune, Column India has a workforce of around 180 people and has a strong heritage providing IT services to international corporate clients. The company specialises in implementing BMC projects and solutions, in areas including cloud computing, IT service management and operations, and had revenues of around US$ 5million in its last financial year.
Parabellum Investments intends for Column India to work alongside other companies in its portfolio with complementary services and client requirements, most notably IE Digital, a UK-based digital banking solutions provider with operations in India.
“We see India as a tremendous destination to do business and expect it to benefit from the exodus of many businesses from China,” said Rami Cassis, Founder and Chief Executive of
Parabellum Investments. “COVID-19 has exposed a dangerous over-reliance on China by the West, and governments and multinational companies are now re-assessing their supply chains. More culturally aligned, and closer, India is a great alternative.”
Parabellum Investments is looking for further opportunities in the US, and regional outsourcing hubs like India and the Americas, to further expand its business interests in the mid-market. As a result of the recent acquisition of pharma serialization specialist Advanco, Parabellum Investments now also has operations on both the East and West coasts, in San Francisco and Princeton.