Private equity firm Gulf Capital said on Monday, the company completed its exit from investment in iSON Xperiences, tech-enabled emerging markets partner, also offers Business Process Outsourcing (BPO) services across India and Africa.
Gulf Capital and another equity firm AfricInvest had invested around $50 million in iSON to accelerate the company’s growth. The company said during the partnership period with Gulf Capital, iSON completed three bolt-on acquisitions that enabled the company to expand its geographic coverage across Africa, amid its expansion of product offering and capabilities.
The company said iSON diversified its customer base and industry exposure, leading to a revenue growth of about 60%, and now generates nearly 50% of its revenues from new countries of operations since Gulf Capital’s initial investment and backing.
Christopher Foll, senior managing director at Gulf Capital said, “Our investment in iSON allowed us to achieve superior risk-adjusted returns for our investors over our five-year holding period.”
“Its investment has been the catalyst for our remarkable journey, empowering us to expand our horizons, diversify our offerings, and solidify our presence in the industry,” Pravin Kumar, CEO of iSON Xperiences said.
Majd Khodr, executive director at Gulf Capital also said, “The advanced data-driven solutions and customer-centric approach ensure the company’s resilience and supports its growth in an ever-changing industry.”
