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Press release content from Business Wire. The AP news staff was not involved in its creation.

Ness Accelerates Industry Cloud Strategy for Financial Services With the Acquisition of Risk Focus

May 21, 2021 GMT

TEANECK, N.J.--(BUSINESS WIRE)--May 21, 2021--

Ness, a global provider of Digital Transformation solutions and a portfolio company of The Rohatyn Group (TRG), is pleased to announce its acquisition of Risk Focus, a leading consulting and advisory firm specializing in Digital Transformation for Financial Services.

“Adding Risk Focus’s core competence in Digital Transformation services to Ness’s core DNA in product engineering strengthens Ness’ position as a full lifecycle digital engineering firm offering digital advisory through scaled engineering services,” said Ranjit Tinaikar, Chief Executive Officer, Ness. “With this acquisition, Ness also continues to execute on its strategy to build strong industry expertise in Financial Services and bolster our competencies in cloud and data services.”

Headquartered in New York, Risk Focus is a leading technology consultancy for Financial Services. Risk Focus creates measurable business impact with technology expertise, business insight, and an iterative delivery process. The company is an Advanced AWS Partner with the Financial Services, Migration and DevOps competencies, as well as a Premier Confluent Systems Integrator.

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“Joining Ness allows Risk Focus to better serve our clients by adding scale-out engineering capabilities to the Risk Focus expertise in Digital Transformation,” said Vassil Avramov, Founder and CEO of Risk Focus. “I look forward to helping drive our continued success as well as deepening our technology excellence in cloud, data and AI in my new role as CTO of Ness.”

“Ness is one of the few at-scale pure digital engineering players that seamlessly manages projects from strategy through execution,” said Thomas Kucera, Managing Director, TRG. “This acquisition strengthens Ness’ position as one of the top providers in digital engineering globally.”

The transaction is expected to close in the second quarter of 2021. Alantra LLC served as exclusive financial advisor to Risk Focus. Financial details were not disclosed.

About Ness

Ness is a full lifecycle digital engineering firm offering digital advisory through scaled engineering services. Combining our core competence in engineering with the latest in digital strategy and technology, we seamlessly manage Digital Transformation journeys from strategy through execution to help businesses thrive in the digital economy. As your tech partner, we help engineer your company’s future with cloud and data. For more information, visit www.ness.com.

About Risk Focus

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Risk Focus, a Ness company, solves capital-markets business problems with technology and insight. Our business domain knowledge, technology expertise, and Agile delivery process have delivered seamless Digital Transformations at many of the largest exchanges and investment banks. We’re a Premier Confluent Systems Integrator and an AWS Advanced Consulting Partner with Financial Services, Migration, and DevOps Competencies. For more information, visit www.Ness.com.

About TRG

Founded in 2002, The Rohatyn Group is an emerging markets focused asset management firm headquartered in New York, with a presence around the globe including Boston, Buenos Aires, Montevideo, Lima, São Paulo, San Jose, London, Mumbai, New Delhi, Singapore, Hanoi, Kuala Lumpur and Rotorua. For more information, please visit www.rohatyngroup.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20210521005276/en/

CONTACT: Olivia Hayum

ohayum@greenough.biz

KEYWORD: NEW JERSEY UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES SOFTWARE FINANCE CONSULTING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Ness Digital Engineering

Copyright Business Wire 2021.

PUB: 05/21/2021 09:00 AM/DISC: 05/21/2021 09:02 AM

http://www.businesswire.com/news/home/20210521005276/en