Apax adds to global outsourcing exposure
"Including GlobalLogic, Apax funds would have invested about $1.5 billion of equity in the outsourcing space in a number of transactions around the world," says Shashank Singh, partner at Apax Partners and head of their India office. "Technology spend globally by companies and governments is in the order of $1 trillion while operations spend is another $1.5 trillion, so it is a huge market."
Within the outsourcing sector, sub-segments have been penetrated to different extents. The sector isn't growing at the 30% rates it was in the 1990s, but Singh claims there are areas within a handful of...
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