Private equity leader announces significant US tech and IT services expansion plans

Private equity leader announces significant US tech and IT services expansion plans

Rami Cassis, an international growth investor and private equity leader, has announced plans to significantly expand his portfolio in the US to capitalise on its strong tech and IT services markets.

Cassis is the founder and CEO of Parabellum Investments, his family office which acts as a private equity firm. Through Parabellum Investments, Cassis deploys his own private capital, taking controlling stakes in businesses, and working hands on with CEOs to ensure long-term growth.

Cassis’ plans to close more deals in the US follow considerable growth within the country’s tech sector, which is predicted to hit growth of 5.4% in 2023, while revenue in IT services is expected to rise from US$455bn to US$629bn by 2028, according to Statista.

In June 2023, Cassis acquired US-based Vantage Consulting Group and merged it into his existing portfolio company Advanco, making Advanco the world’s largest independent serialisation specialist. The deal coincided with rising demand for serialisation solutions, as the instances of global counterfeit medicines increased by over 200% between 2011 and 2021.

The announcement made by Rami Cassis includes expanding Parabellum Investments’ IT services firm Parseq into the US. This will follow the add-on acquisition of India-based Column Software Solutions in January 2023. Parseq currently automates 94 million images, digitises 70 million documents and processes £36bn worth of payments annually but is steadily growing its service to hit greater performance-related margins.

Parseq’s global growth strategy corresponds with a rise in demand for IT services outsourcing, with businesses eager to increase their productivity, automation, and resource optimisation to combat inflation.

Greater risk assessment and cybersecurity concerns are also causing businesses across varying sectors to look for cost effective and efficient outsourced IT services solutions. Cassis is building numerous leading companies across IT solutions and enterprise software, and his move into the US marks the next step in his strategy.

His other companies include fintech firm ieDigital, financial risk management firm Razor Risk, and digital transformation specialist Majorkey. His businesses have offices across Europe, North and South America, and Asia.

Rami Cassis, founder and CEO of Parabellum Investments, said: “In the next phase of Parabellum’s growth, we’ve earmarked acquisitions in the US as a crucial part of our strategy, given the wealth of great tech and IT services businesses in the market.

“High inflation is fuelling demand for firms that can help cut costs, reduce risk, and improve efficiencies and operational decision making. With our fast-growing portfolio, Parabellum is at the forefront of catering for this need. And with the right future acquisitions in the US, we can go even further in this.

“Our acquisition of Vantage was the most recent instance of Parabellum ramping up activity in the US, and we expect to close many more deals here over the next few years. We’re set to further expand Parseq through a US bolt-on in the coming months, and I’m also seeking out entirely new businesses for Parabellum which we can build upon. I’m confident we’ll get the right deals over the line to stand Parabellum and its companies in good stead for the foreseeable future.”

ABOUT RAMI CASSIS

Rami Cassis is an international investor, operations expert, and founder of Parabellum Investments. Having founded Parabellum Investments, his family office, in 2012, he leads companies ranging from large, multinational corporates to lower mid-market firms. He has led several international complex transactions, always acting as the principal. Although he will sometimes step in as interim CEO, he usually acts as Executive Chairman.

ABOUT PARABELLUM INVESTMENTS

Parabellum Investments is a family office operating as a global private equity firm, deploying its own capital to acquire companies across numerous continents. Under the leadership of founder and CEO, Rami Cassis, Parabellum Investments has a strong track record of growing companies across various sectors, including enterprise software, business and IT services, pharmaceuticals, and life sciences.