BERINGER CAPITAL (https://www.beringercapital.com), a New York and Toronto-based private equity firm, announced today the completion of the acquisition of award-winning customer experience (CX), commerce and analytics company, Blue Acorn iCi, by Infosys (NYSE: INFY) for $125 million.

Blue Acorn iCi was among the first companies to earn specializations in both Adobe Experience Manager and Magento Commerce, and gained further recognition as both the Adobe Emerging Solution Partner of the Year for the Americas and Salesforce Commerce Partner of the Year. With this acquisition, Infosys is deepening its end-to-end customer experience offerings and specializations in commerce and analytics.

"It has been a privilege to work closely with the Blue Acorn iCi team in partnership to quickly build one of the leading digital customer experience companies in North America," said Brian F. Martin, Vice Chairman and Managing Partner at Beringer Capital. "Through key investments in leadership, customer success, revenue generation and new products, Blue Acorn iCi has grown to become a driving force in helping enterprises digitally transform. By seamlessly connecting CX, commerce, analytics, and direct-to-consumer (DTC) services, the team has reimagined digital transformation, and we are confident that Blue Acorn iCi has found an outstanding home with Infosys."

Over the past three years, Blue Acorn iCi has undergone a period of rapid growth and transformation. Working alongside Beringer Capital, the award-winning team has been successful in identifying and developing new strategic partnerships and alliances in the CX, commerce and analytics ecosystems.

"By working closely with Beringer Capital, we were able to focus the growth of the entire organization on the right things: people, process, and platforms," said Greg Boone Co-CEO of Blue Acorn iCi. "Beringer has always been more of a partner than a parent, and under their close stewardship, we were able to position ourselves to add significant value to our clients and partners."

Chris Guerra, Co-CEO of Blue Acorn iCi shared that, "Beringer provides a 360-degree approach to helping entrepreneurs maximize their business and take it to the next level. We would not be where we are today without the 24/7 dedication and support."

As one of the top Magento Commerce-certified partners worldwide, Blue Acorn iCi will provide Infosys with significant cross-technology capabilities through the convergence of customer experience, digital commerce, analytics, and direct-to-consumer services.

"Blue Acorn iCi has built a robust practice and proven their expertise across Adobe Experience Cloud," said Tony Sanders, Senior Director, Americas Partner Sales, Adobe. "The team is creative, committed and collaborative, and together with Infosys, we look forward to building on this remarkable momentum."

Investment Bank CG Petsky Prunier, part of Canaccord Genuity, advised Blue Acorn iCi on the transaction.

About Beringer Capital

Beringer Capital is a leading private equity firm that invests in technology-led companies that serve leading brands. Beringer Capital partners with founders and management teams to build significant businesses through a combination of organic growth and add-on acquisitions.

For more information, please visit www.beringercapital.com.

About Blue Acorn iCi

Born from the minds of engineers, data scientists, digital commerce experts, designers, and strategists, Blue Acorn iCi is the leading independent digital customer experience company. We work with executives responsible for the growth of Fortune 500 brands (and those who aspire to enter the Fortune 500!) who want to get more out of their digital customer experience. Through the strategic fusion of content management, commerce & analytics, our teams solve problems and deliver results leveraging our deep expertise in strategy, experience design, engineering and DTC services. For more information please visit www.blueacornici.com.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.