BDA advises QBurst on its majority acquisition by Multiples

BDA Partners is pleased to announce that Multiples Alternate Asset Management, along with its co-investors, has agreed to acquire a controlling stake in QBurst, a global digital product engineering platform, with a strong presence across North America, Japan, the Middle East, Europe and India. This transaction marks Multiples’ largest control investment in technology services.

The transaction is expected to close in the coming months, subject to receipt of statutory and regulatory approvals.

BDA acted as exclusive financial advisor to QBurst and its co-founders on the transaction. 

Founded in 2004, QBurst has grown into a global leader in digital solutions, offering services in Digital Product Development, Enterprise Digitalization, Data Analytics, Cloud Services, AI & Generative AI Services, Automation, DevOps and Digital Marketing Enablement. QBurst has over 3,000 employees and maintains an agile, customer-centric approach, while fostering top engineering talent.

Prathapan Sethu, Co-founder and CEO of QBurst, said: “The journey of building QBurst along with my co-founders, Binu Dasappan and Ansar Shihabudeen, has been an inspiring and fulfilling experience. We’re excited about this new partnership with Multiples, which brings invaluable strategic expertise and resources that will propel us to the next level. Binu, Ansar and I sincerely appreciate the efforts of the BDA team – Manoj, Jyotin and Shubham, whose professionalism, market insights and tireless dedication ensured a seamless process. Their guidance has been instrumental in helping us find the right partner to drive QBurst’s next chapter of growth.”

Manoj Balwani, Partner & Head of Technology US & India, at BDA Partners, said: “We’re thrilled to announce this marquee transaction in the Digital Product Engineering space: our 11th deal in the US–India corridor. This transaction showcases our expertise in Digital Transformation and Product Engineering, and demonstrates our reach into the global strategic and private equity investors. QBurst has built a remarkable reputation with its differentiated capabilities and customer-centric approach. We look forward to seeing QBurst scale to new heights, and wish the QBurst and Multiples teams every success as they chart a combined path forward.”

Jyotin Gagrani, Managing Director at BDA Partners, added: “This transaction underscores the demand for high-quality digital engineering firms. QBurst’s ability to deliver cutting-edge solutions has made it an attractive investment opportunity. We’re delighted to have advised QBurst. We’re confident that the company will thrive with the support of Multiples. We’re proud to have facilitated this partnership and to demonstrate, again, BDA’s reach in Tech-Enabled Services.”

BDA Partners, along with its strategic investor William Blair, remains committed to advising leading companies and PE funds in the Technology sector, ensuring optimal outcomes for all stakeholders.