Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3bn for its first fund, ranking it among the larger debut funds in recent memory.
The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company Cognizant Technology Solutions Corp.
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Recognize is a technology investment platform exclusively focused on the technology services industry. Tech services firms envision, build, configure, manage, and operate software and business processes to deliver digital outcomes for enterprises. The firm provides operational expertise, industry insights, and strategic capital to innovative companies in this sector. Recognize is led by industry veterans Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman, along with Partners Mike Grady, Josh Miller, Deborah Munfa, and Shawn Pride.
Source: Wall Street Journal
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