Concord, an H.I.G. Capital Portfolio Company, Completes Acquisition of SwiftWIN
SAN FRANCISCO – February 8, 2022 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, is pleased to announce that its portfolio company, Concord USA, LLC (“Concord”), has acquired SwiftWIN Solutions, LLC (“SwiftWIN”).
Headquartered in the U.S. with offshore development centers in India, SwiftWIN provides technology consulting and digital services, specializing in customer experience, ecommerce, digital marketing, data analytics, and cloud applications.
“SwiftWIN has a strong reputation with enterprise customers for delivering with quality, consistency, and a high-touch approach,” stated Florin Ibrani, Concord’s Chief Executive Officer. “Their expertise with customer-focused applications, especially within the ecommerce space, complements our existing capabilities and expands our ability to guide clients. By joining forces, we can provide comprehensive solutions and create successful outcomes for our consumer-focused clients and beyond.”
“The clients we work with want innovative solutions with modern architecture and faster time-to-market,” shared Pranav Patel, SwiftWIN’s President & Chief Executive Officer. “Joining Concord allows us to scale our value proposition and help more clients reach their goals of creating an outstanding customer experience.”
Kevin Van Culin, Managing Director at H.I.G., commented, “We are thrilled to be partnering with Pranav and the SwiftWIN team to help further establish Concord as a leading, global digital transformation firm. The SwiftWIN acquisition continues our strategy of partnering with talented management, deepening sector expertise, broadening the capability set, and expanding global reach.”
SwiftWIN is a leading technology solutions provider in software development with delivery teams in the U.S. and India. Specialized in digital marketing and omnichannel solutions, the company strives to empower clients’ digital transformation journey for optimal customer experience and engagement. SwiftWIN has led a number of initiatives with a proven track record of improving conversion and brand affinity; these include BOPIS, Shop My Store, contactless checkout, curbside pickup, and digital marketing automation, among many others. For more information, please visit www.swiftwininc.com.
Concord USA, LLC (“Concord”) is a leading technology consulting and digital transformation firm based in Minneapolis, MN, with supporting operations in Eastern Europe and India. Concord serves leading enterprises and innovators in the healthcare, technology, manufacturing, and financial services industries. With a unique combination of industry expertise, technology know-how, and project execution reliability, Concord helps its customers unlock business value by solving their most difficult data and technology problems. For more information, please visit www.concordusa.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $47 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.