Affiliates of AION Capital Partners has announced that they have acquired InterGlobe Technologies, a leading Global Travel BPM, Technology and Digital Services company. AION Capital is an India focused private equity fund with USD 825 million in committed capital. AION was established through a strategic partnership between Apollo Global Management and ICICI Venture. Apollo is a leading global alternative investment manager with assets under management of approx $270 billion as of Sept 30, 2018.
“The management team is excited to partner with AION Capital. We will continue to invest in this sizeable global business, with a focus on digital transformation within the Travel eco-system” said Vipul Doshi, CEO, IGT. Utsav Baijal, Partner with AION Capital said, “With its strong customer base and deep domain expertise in the travel sector, we believe that IGT is uniquely positioned. We expect IGT will continue to leverage and further strengthen its digital capabilities and global footprint to meet the growing demand for differentiated customer experience.”
AION expects to support IGT in its next phase of growth as the company focuses on accelerating service expansion in current and new verticals in the Travel industry, specifically enhancing a traveller’s digital experience.
IGT was founded in 1998 by InterGlobe Enterprises, one of the world’s largest Travel conglomerates. IGT is focused on the travel and hospitality industry and has more than 70 marquee customers globally. With a workforce of over 10,000 Travel experts, spread across 15 centers in 7 countries, IGT provides digital contact center services, domain driven technology and innovative digital services and solutions including Chatbots, Robotic Process Automation, Travel Analytics and Social Media Services.
