Relevance Lab secures backing of USD700 Million CSP Fund II eyes accelerated growth

Relevance Lab, a leading provider of digital transformation services, today announced that it has secured the backing of US$700 Million CSP Fund II, a technology-focused private equity fund. With this investment Rajeev Srivastava & Sanjay Chakrabarty from CSP Fund II, will join the Board of Relevance Lab. This comes on the back of the recently announced merger of CIGNEX and Excellerent with Relevance Lab. The merged entity now has significant presence across North America, India and Ethiopia with a headcount of 1,500+ employees. The merger provides the platform with an integrated approach to address all the dimensions of digital transformation from its global development centers.

Announcing the same, Vasu Sarangapani, recently appointed President & CEO, Relevance Lab, said, “I believe that with the backing of CSP Fund II, we will have the ability to accelerate business growth in our focus markets and execute on identified opportunities for M&As. This will also give us the opportunity to cross-sell and upsell within their larger portfolio”.

Speaking on behalf of CSP Fund II, Rajeev Srivastava said, “Our core competency is in bringing small to mid-sized companies together under a unified platform and accelerating growth. We believe that this strategic merger, along with Vasu as President & CEO, provides the necessary impetus to scale Relevance Lab.”

About Relevance Lab: With its recent merger with CIGNEX and Excellerent, Relevance Lab is a leading provider of digital transformation & cloud services. The firm’s global delivery footprint now spans India, North America & Ethiopia; with 1,500+ global employees with innovation centers in India across Bangalore, Delhi NCR & Ahmedabad; and Ethiopia. The firm provides the platform to have economies of scale to have an integrated approach to address all the dimensions of digital transformation from its global development centers. To know more click here, Relevance Lab| Driving Frictionless Business.

About Capital Square Partners: Founded in 2014 in Singapore, Capital Square Partners is a private equity firm investing in cross-border technology and business services across Southeast Asia and India. Launched in December 2022, the US$ 700 Million CSP Fund II is building on a successful track-record of investing in global technology services companies. Over the past decade, the team of Sanjay Chakrabarty, Rajeev Srivastava, Mukesh Sharda, Bharat Rao (non-executive director) and Sameer Kanwar has managed in excess of US$1.3 billion in AUM and has operated and exited multiple companies in the technology services space, including Minacs, Indecomm and GAVS Technologies. Capital Square Partners holds a Capital Markets License from the Monetary Authority of Singapore, as per the Securities & Futures Act of the Government of Singapore. For more information click here.

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Techdost Launched Vedmarg a Cloud Based School Management System

Meerut-based tech giant 'Techdost Services Pvt. Ltd.' introduced the cloud-based school management system, 'Vedmarg'. The product was launched under the guidance of Mr. Shani Deshwal, Mr. Amit Kumar and Mr. Mohit Rana.

Vedmarg is cloud-enabled school management software that aims to facilitate complex administrative operations of educational institutions. The software is integrated with 80+ modules (from Admission registration, Fee management with transport, Attendance, Reports, Marksheets along with exam time table & admit cards, ID cards, online exams,  quizzes and transfer certificates etc.) to enhance the activity workflow of schools and colleges.

Shani Deshwal, Founder & Business Head at TECHDOST, said, “I believe that if we integrate advanced engineering with intelligence, it can do wonders for human beings. After being in the IT sector for almost six years, I have observed There is a lot of development with technology in other sectors, but the education sector is still far behind, especially the small and middle class schools. These schools are still dependent on manual systems for their routine work."

He also added, “We know that there are various school management systems in the market but all of them are very outdated and do not meet the requirements of schools, colleges and institutes. Here, our school management software has integration with 80+ modules and we aim to add 1 new module every month."

Amit Kumar, Founder & Director at Techdost, elaborated, “Apart from easing the administrative tasks of the school, our aim was to create an ERP that caters to the core needs of the teachers, students and parents. This is the main reason why we have integrated online quizzes, study material and video lectures to make the students potentially stronger as far as academics is concerned. Along with this the platform enables the students to communicate directly with the subject teachers to clear their doubts."

Amit Kumar added, "Lastly, teachers and parents are the main stakeholders of any institution which often gets neglected. But, we can assure you that Vedmarg will also help them a lot in relieving them from stress and pressure."

In short, Amit said that the Vedmarg school ERP would cover 360° aspects of an educational institution.

Currently, Vedmarg, school management system, is available with 1 month free trial for the session 2023-24 and any school can get this offer by visiting www.vedmarg.com, Vedmarg has a dedicated team for onboarding new schools, and support. Vedmarg also offers 100+ sms templates, approved by TRAI India, for fee reminders, holidays, fee defaulters, PTMs and other school activities.

About TECHDOST Services Pvt. Ltd.

Techdost was founded in 2017 by Mr. Shani Deshwal, Mr. Amit Kumar and Mr. Mohit Rana. In the last 5 years of success, the company has worked with many big organisations like KIA, Honda, Suzuki, Adda52, RMGOE, DAV Cent School, K.N.Modi Foundation, Nelco Sports, Renani Jewels, Anand Hospital and many more. For quality and excellence, Techdost received 4 awards at GECL Awards-2021 by LWT at Tula's Institute, Dehradun.

About Vedmarg School ERP Software.

Vedmarg is a multipurpose cloud-based school management software which accelerates the school’s daily operations and provides insightful reports and a complete tracking. It is a flagship product of Menace Techdost Services Private Limited, a company based in Meerut (UP) and trusted since 2017.

Visit us at https://vedmarg.com to get all the details.

Vega Moon Technologies Got Best Web Designing and Development Company Award

Vega Moon Technologies, a renowned web development company headquartered in New Delhi, India, received the Best Web Designing and Development Company Award 2023 for their excellent achievements in the Information Technology sector. This award distribution event, organised by Business Connect Magazine, honoured several IT establishments that have emerged as a big inspiration for entrepreneurs to accomplish not just feasible, but infeasible things in their life too. 

To boost the motivation of growing Indian entrepreneurs, Ms. Padmini Kolhapure, an Indian actress and singer, appeared at the ceremony and declared this recognition to Mr. Chandra Bhushan and Mr. Abhijeet Pratap who are the co-founders of Vega Moon Technologies.

After getting the award, the co-founders of the Best Web Designing Company, Chandra Bhushan and Abhijeet Pratap, jointly said, "It has been an incredible journey so far to receiving this award from the actress Ms. Padmini Kolhapure. Every day we try hard not to leave any stone unturned to tap best industry practices and enrich our web design and development projects so that we could pop up as the most trusted and value-oriented web design service provider globally. Getting recognised worldwide this way motivates us even more to put greater efforts than ever before to make some enticing websites available to hundreds of businesses at reasonable prices all over the world."

No wonder, with sincere and dedicated efforts of its professionals, Vega Moon Technologies has succeeded in acquiring clients in over 52 countries till date and have expertise in 12+ industry niches. The Best Web Development Company boasts of handling over 200 Ad accounts and working on more than 3000 projects and counting. With only 7 years of age, this Google Partner Company has managed to achieve more milestones than its counterparts while being such a young player in the industry. 

This award represents the solid willpower of Vega Moon Technologies to accomplish one of the most monumental goals in their bucket list without losing its zeal and entrepreneurial vision throughout the journey. The company is fortunate enough to have a robust yet seasoned team of web designers and developers who follow a customer-centric approach to create eye-catching portals that ticks all the right boxes for every potential buyer out there. 

When questioned about the company's vision in the upcoming days, the co-founders responded that they will continue growing with quality, commitment, and customer-focused approach in order to become a highly trustworthy IT entity in the global market.

Vega Moon Technologies is a state of the art web design and development company in Delhi that specializes in building attractive and responsive websites for laptop, mobile, and other device users of wads of small-scale and large-scale businesses out there.  

Data Disaster Averted WeRecoverData Successfully Recovers Lost Data from Failed LACIE NAS Device

Arcadia, California-based enterprise breathed a sigh of relief when data recovery experts at WeRecoverData successfully recovered 962 GB of lost data from a failed LACIE 2Big Network 2 NAS device. The 4 TB device, which serves as a virtual drive for the company's server, RAID, SAN, and NAS systems, had been experiencing data loss due to an unknown enclosure failure. 

According to the customer, attempts to reboot and diagnose the issue with LACIE proved unsuccessful. However, the team at WeRecoverData was able to retrieve the lost data, which includes critical files such as documents, spreadsheets, scanned files, videos, and pictures, in record time thanks to their advanced recovery methods. 

"We understand the importance of data to our clients and the impact that data loss can have on their business operations," said a representative from WeRecoverData. "We are glad that we were able to retrieve the lost data and get our client back to business as usual." 

If you or your business is experiencing data loss, contact WeRecoverData immediately at 866-400-3282 or visit their website at WeRecoverData.com. With a success rate of 96%, you can trust their team of experts to recover your lost data quickly and efficiently. 

 

Contact:  

WeRecoverData.com  

Contact person: Christopher Taylor 

Phone number: 866-400-3282  

Website: https://www.werecoverdata.com/ 

Facebook: facebook.com/WeRecoverData.com.Data.Recovery.Labs/ 

Twitter: twitter.com/WeRecoverData 

CIGNEX Excellerent merge with Relevance Lab to form a global powerhouse in digital transformation cloud services

CIGNEX, and Excellerent today announced its merger with Relevance Lab, to become a global powerhouse in offering digital transformation and cloud services. With this merger, Relevance Lab, headquartered in Singapore, will have delivery presence across North America, India and Ethiopia and a global headcount of 1500+ employees. While Relevance Lab excels in DevOps/Automation on Infrastructure, Applications and Data, CIGNEX is a leader in Open-Source Technologies and Cloud that are used to engineer/deploy digital transformations & robotic process automation applications; and Excellerent, besides its Agile Engineering prowess, provides a unique differentiator with its development center in Ethiopia. The merger provides the platform to have economies of scale to have an integrated approach to address all the dimensions of digital transformation from its global development centers. The shareholders of CIGNEX and Excellerent rolled up their shares into Relevance Lab on a share swap basis. The incumbent management of the respective companies will continue to scale the firm in their new roles under the leadership of the new CEO.

With this merger, Vasu Sarangapani has joined Relevance Lab as the new President & CEO. Vasu comes with over 30 years of experience in Technology Services. Prior to taking up this role, Vasu was with GlobalLogic Inc, where he was the Chief Growth Officer and prior to that, Chief Sales Officer of the company. In his tenure spanning 9 years, he helped expand the company’s global business significantly and played an instrumental role in providing multiple exits for the PE’s. He started his career at Wipro Technologies where he played a critical role in expanding its footprint in the Manufacturing and Hi-Tech domains. As a part of their USD 500M+ Product Engineering Services organization, he managed a globally distributed sales team and acquired and managed several strategic relationships.

Explaining the rationale behind the merger, Vasu Sarangapani, incoming President & CEO, Relevance Lab, said, “Digital Transformation for enterprises is an existential necessity today and CXO’s across the world are under pressure to accomplish this quickly by leveraging technology and partnerships to gain even the smallest competitive advantage. I strongly believe that the newly merged entity, with its deep technology expertise and assets driven approach, is very well positioned to capture a big chunk of this digital services market and I am very excited to be a part of this compelling story”.

“Given that the 3 companies had a common investor and the management team's high levels of comfort working with each other over the years, it was only natural for us to merge as one company to unify our complimentary technology offerings and service our customers.  Under the leadership of Vasu, we look forward to rapidly increasing value creation for all stakeholders,” commented Raja Nagarajan, Founder & incumbent CEO, Relevance Lab, on behalf of all three entities.

About CIGNEX:  Founded in 2000, CIGNEX is a global consulting company offering solutions, services, and platforms on Open Source, Cloud, and Automation technologies. CIGNEX helps organizations increase revenue, achieve business goals, gain competitive advantage, and maximize customer satisfaction while reducing the cost of doing business.

About Excellerent Technology Solutions: Excellerent is a global consulting company offering end-to-end services and solutions on Open Source, Cloud, API, and Automation technologies. By leveraging flexible project engagement models & agile methodologies Excellerent focuses on improving operational efficiencies and cost optimization to deliver business value.

 

 

 

 

About Relevance Lab: Relevance Lab is a specialized technology services company with technology assets in the DevOps, Cloud, Automation, Service Delivery and Agile Analytics domains. Using an asset leveraged delivery model, Relevance Lab helps global organizations achieve frictionless business transformation across Infrastructure, Applications and Data