Multiples invests $200 million for controlling stake in QBurst

Multiples Alternate Asset Management, along with its co-investors, has signed definitive documents to acquire a controlling stake in digital product engineering platform, QBurst with an investment of $200 million. This is Multiples’ largest control investment in technology services. The PE firm said enterprise tech was a priority sector for it and it intended to deploy close to $2 billion in the space over the next 5 years.

Founded in 2004, QBurst offers services in digital product development, enterprise digitalisation, data analytics, cloud services, AI & Generative AI Services, Automation, DevOps and Digital Marketing Enablement.

With a strong presence across North America, Japan, Middle East, Europe and India, the company has over 3,000 employees and maintains an agile, customer-centric approach while fostering top engineering talent.