 "invest, money, investment, growth, capital")
Canada Pension Plan Investment Board (CPPIB) buying 48% stake in GlobalLogic Inc, with an enterprise value of the software product development outsourcer at $1.5 billion, gives Apax Partners three times exit in four years.
It is also a vindication for the outsourced product development company, among the pioneers to look at India as a base to offer services to build software products as a service than delivering IT services to global customers. Their model will be valued increasingly as traditional services are under threat from automation and customers look at higher skilled workers to transform their business than focus than building
