TA Associates Announces Strategic Growth Investment in Zifo RnD Solutions
BOSTON & MUMBAI, India, May 9, 2022–(BUSINESS WIRE)–TA Associates (“TA”), a leading global growth private equity firm, today announced that it has made a strategic growth investment in Zifo RnD Solutions (” Zifo”), a leading provider of scientific IT services.
Founded in 2008, Zifo helps digitally transform drug discovery, clinical development, manufacturing quality control and genomics functions in companies across the pharmaceutical, biotechnology, medical device and process industries. Zifo enables companies to digitize their operations to support innovation and help increase efficiency and speed of delivery. The company’s customers include global leaders and innovators in 20 countries around the world. Zifo is headquartered in Chennai, India, with offices in Canada, China, France, Germany, Japan, Singapore, Switzerland, UK and USA.
“Zifo has a well-established reputation as a premier service provider in 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 Pvt. Ltd., and Managing Director at TA. “As the push to digitize research and clinical development continues, particularly in the life sciences space, we believe Zifo is well positioned for continued growth. We look forward to partnering with Zifo’s leadership team and deepening TA’s focus on specialized technology. service area.”
“As a global investment firm with many years of successful investments in technology companies 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 of Zifo RnD Solutions. . “TA’s experience and extensive network, combined with Zifo’s industry expertise and specialized human talent, will prove invaluable in helping us grow and grow our business. We welcome the partnership with TA and look forward to working closely together.
“TA brings a commitment to quality, an emphasis on teamwork, and a friendly approach to management that complements Zifo’s culture,” said Vanchinathan S, Co-Founder and COO, Zifo RnD Solutions . “By partnering with TA, we seek to create additional value for Zifo, while remaining a trusted partner for our customers across the R&D spectrum. Raj and I look forward to continuing in our respective roles, working with TA to further strengthen Zifo’s competitive positioning in an important and growing market.”
“The urgency to become more data-driven and the increasing complexity of scientific systems continue to challenge R&D departments,” said Gurnoor Kaur, vice president of TA Associates Advisory Pvt. “As a highly experienced provider of these business-critical services, Zifo has a significant opportunity to grow and support more organizations in their digital transformation. We look forward to working with Zifo, building on the strong company momentum to further position the company as a leader in scientific computing.”
About Zifo R&D Solutions
Based in Chennai, India, Zifo is a data-driven science company, providing R&D and manufacturing IT solutions focused on the pharmaceutical, biotechnology, medical device and process industries, as well as other organizations based on research. Zifo works with 7 of the top 10 global biopharmaceutical companies and its customers are spread across more than 20 countries. The company has global subsidiaries in Canada, United States, United Kingdom, Germany, France, Switzerland, Singapore, Japan and China. Zifo is an ISO 9001 and ISMS ISO 27001 certified organization with best-in-class processes and IT infrastructure. Zifo has been recognized as one of the Deloitte Technology Fast 50 companies in India for the past 9 consecutive years. Zifo has also been identified as a “Great Place to Work” for 5 consecutive years by the Great Place to Work Institute. For more information, visit www.zifornd.com.
About TA Associates
TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the company invests in profitable and growing businesses that offer sustainable growth opportunities and has invested in more than 550 companies around the world. Investing as a majority or minority investor, TA takes a long-term approach, using its strategic resources to help management teams create lasting value in high-quality growth companies. TA has raised $47.5 billion in capital since its inception in 1968. The firm’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. For more information about TA, visit www.ta.com.
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