TPG Acquires Majority Stake in Altimetrik

June 27, 2024

TPG has signed a definitive agreement to make a majority investment in Altimetrik through its TPG Asia private equity platform. The partnership will support Altimetrik's growth and capability expansion in cloud, data and AI services as the company — led by CEO Raj Sundaresan and backed by founder Raj Vattikuti — pursues $1 billion in annual revenue within three years.

Buyers
TPG (through its TPG Asia private equity platform)
Targets
Altimetrik
Industry
IT Services
Location
Michigan, United States
Transaction Type
Buyout

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