TA Associates, a leading global growth private equity firm, has invested $250 million (Rs 2000 crore) to acquire a significant stake in Zifo RnD Solutions, a global provider of informatics Solutions for research-based organizations.
Founded in 2008, Zifo helps enable the digital transformation of Drug Discovery, Clinical Development, Manufacturing Quality Control and Genomics functions at companies across the pharma, biotech, medical device and process industries.
Zifo is headquartered in Chennai, India, with offices in Canada, China, France, Germany, Japan, Singapore, Switzerland, UK and US.
“Zifo has an established reputation as a best-in-class services provider across the scientific R&D and manufacturing value chains and has developed deep customer relationships with many global industry leaders,” said Dhiraj Poddar, Head of TA Associates Advisory & Managing Director at TA.
“As the push for the digitization of research and clinical development continues, particularly in the life sciences space, we believe Zifo is well-positioned for further growth. We look forward to partnering with Zifo’s management team, and deepening TA’s focus on the specialized technology services space,” Dhiraj added.
“As a global investment firm with many years of successful investing in technology businesses around the world and with a good cultural fit, we see TA as the ideal partner for Zifo,” said Raj Prakash G, Co-founder and CEO, Zifo RnD Solutions.
Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer, and business services – TA Associates has invested in more than 550 companies around the world. TA has raised $47.5 billion in capital since its founding in 1968.