Indium, an AI-driven digital engineering firm supported by the esteemed private equity firm EQT, has made a significant leap forward by acquiring a majority stake in Experion, a leading global product engineering company. This strategic acquisition is set to enhance Indium’s product engineering expertise and broaden its reach across key global markets.
Founded in 2006, Experion has established itself as a powerhouse in product strategy, engineering, cognitive computing, platform engineering, and experience design. The company has demonstrated impressive growth, boasting a 30% compound annual growth rate (CAGR) over the last four years. With a diverse clientele that spans industries such as automotive, insurance, and transportation, Experion has successfully developed mission-critical products and platforms for both large enterprises and innovative start-ups.
The merger is expected to leverage Experion’s comprehensive product engineering capabilities—from ideation to market launch—with Indium’s cutting-edge data and AI resources. Together, they will empower clients in sectors like financial services, healthcare, manufacturing, retail, and transportation to create transformative digital products, platforms, and solutions that prioritize user experience.
Ram Sukumar, CEO and Co-founder of Indium, expressed enthusiasm about the acquisition: “The synergies between Indium and Experion will significantly enhance our ability to deliver exceptional digital engineering solutions. We are optimistic about tapping into new opportunities with both existing and prospective clients, setting an ambitious revenue target of $150 million for the upcoming financial year.”
Binu Jacob, CEO and Co-founder of Experion Technologies, echoed this sentiment, emphasizing the benefits of joining forces with Indium: “Becoming part of the EQT-Indium family will greatly enhance our AI-driven engineering capabilities. Our mission at Experion has always been to empower clients with transformative digital solutions, and this partnership will enable us to scale our offerings to a larger global audience while staying true to our values of integrity, innovation, and customer focus.”
As Indium expands its workforce to approximately 5,000 employees, the collaboration marks a pivotal moment in its growth trajectory, positioning both companies to capitalize on their complementary strengths and drive future success in the digital engineering landscape. This acquisition not only underscores Indium’s commitment to innovation but also sets the stage for a new chapter of excellence in product engineering and client service.