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Recognize Firm News

Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings


Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.


Recognize co-founder: ‘Talent and inflation’ are companies’ top priorities

Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.


Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]


WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]


November Newsletter: How will the mix of IT talent used in your org change over the next 3 years

Over half the CIOs are increasing their use of contractors to secure technology talent.  The tech talent shortage has changed the calculus on how to source talent.

Read more

November Newsletter: What’s your mix change between custom build and commercial applications?

The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.

Read more

November Newsletter: What Percent of your application workload is running in a public cloud?

The migration to cloud has been a long journey but companies have made significant progress.  About 71% of CIOs have at least 50% of their application workloads in the cloud.    

Read more

November Newsletter: What are your 3 largest IT initiatives currently?

Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities.  The second most popular initiative was cloud migration.  Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.  

Read more

November Newsletter: How have your IT spending plans changed in the last 6 months considering economic conditions?

Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.  

Read more

November Newsletter: How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.

Read more

November Newsletter: 16 Most Promising Cloud-Software Startups of 2022, According to VCs

The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.

Read more

November Newsletter: Databricks vs Snowflake | Deep Dive | Contrary Research

As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]

Read more

November Newsletter: What IT pros need to know about low-code limitations

Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]

Read more

November Newsletter: 5 Best Tools for API Integration for Modern Cloud-Based Applications

Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.

Read more

November Newsletter: Company Documents Show Meta’s Flagship Metaverse Falling Short

Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.

Read more

November Newsletter: EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]

Read more

November Newsletter: Inside Amazon’s open-source security bet

Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?

Read more

November Newsletter: Google Cloud makes its pitch

Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.

Read more

November Newsletter: IT services group Wipro fires 300 employees moonlighting for competitors

Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”

Read more

November Newsletter: Some developers are fouling up open-source software

The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications

Read more

November Newsletter: Accenture reports a strong Q4

– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% –  Q4 gross margin  was 32.1%

Read more

Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]

Read more

Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings

Read more

Torc: How to hire developers using performance metrics

America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).

Read more

Torc Announces Launch of Next-Generation Talent Marketplace

Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners.​ Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.

Read more

Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.

Read more

Recognize co-founder: ‘Talent and inflation’ are companies’ top priorities

Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.

Read more

AST Announces Strategic Investment by Recognize

Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]

Read more

Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]

Read more

WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]

Read more

Recognize makes strategic investment in SpringML

Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]

Read more

Ciklum acquires CN Group to expand its European presence

Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]

Read more

Ciklum Announces Strategic Investment by Recognize Partners

Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.

Read more

Portfolio Investments News

Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]

Read more

Torc: How to hire developers using performance metrics

America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).

Read more

Torc Announces Launch of Next-Generation Talent Marketplace

Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners.​ Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.

Read more

AST Announces Strategic Investment by Recognize

Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]

Read more

Recognize makes strategic investment in SpringML

Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]

Read more

Ciklum acquires CN Group to expand its European presence

Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]

Read more

Ciklum Announces Strategic Investment by Recognize Partners

Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.

Read more

November Newsletter: How will the mix of IT talent used in your org change over the next 3 years

Over half the CIOs are increasing their use of contractors to secure technology talent.  The tech talent shortage has changed the calculus on how to source talent.

Read more

November Newsletter: What’s your mix change between custom build and commercial applications?

The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.

Read more

November Newsletter: What Percent of your application workload is running in a public cloud?

The migration to cloud has been a long journey but companies have made significant progress.  About 71% of CIOs have at least 50% of their application workloads in the cloud.    

Read more

November Newsletter: What are your 3 largest IT initiatives currently?

Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities.  The second most popular initiative was cloud migration.  Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.  

Read more

November Newsletter: How have your IT spending plans changed in the last 6 months considering economic conditions?

Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.  

Read more

November Newsletter: How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.

Read more

November Newsletter: 16 Most Promising Cloud-Software Startups of 2022, According to VCs

The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.

Read more

November Newsletter: Databricks vs Snowflake | Deep Dive | Contrary Research

As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]

Read more

November Newsletter: What IT pros need to know about low-code limitations

Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]

Read more

November Newsletter: 5 Best Tools for API Integration for Modern Cloud-Based Applications

Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.

Read more

November Newsletter: Company Documents Show Meta’s Flagship Metaverse Falling Short

Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.

Read more

November Newsletter: EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]

Read more

November Newsletter: Inside Amazon’s open-source security bet

Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?

Read more

November Newsletter: Google Cloud makes its pitch

Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.

Read more

November Newsletter: IT services group Wipro fires 300 employees moonlighting for competitors

Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”

Read more

November Newsletter: Some developers are fouling up open-source software

The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications

Read more

November Newsletter: Accenture reports a strong Q4

– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% –  Q4 gross margin  was 32.1%

Read more

Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]

Read more

Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings

Read more

Torc: How to hire developers using performance metrics

America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).

Read more

Torc Announces Launch of Next-Generation Talent Marketplace

Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners.​ Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.

Read more

Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.

Read more

Recognize co-founder: ‘Talent and inflation’ are companies’ top priorities

Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.

Read more

AST Announces Strategic Investment by Recognize

Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]

Read more

Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]

Read more

WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]

Read more

Recognize makes strategic investment in SpringML

Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]

Read more

Ciklum acquires CN Group to expand its European presence

Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]

Read more

Ciklum Announces Strategic Investment by Recognize Partners

Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.

Read more

Monthly Newsletter

November Newsletter: How will the mix of IT talent used in your org change over the next 3 years

Over half the CIOs are increasing their use of contractors to secure technology talent.  The tech talent shortage has changed the calculus on how to source talent.

Read more

November Newsletter: What’s your mix change between custom build and commercial applications?

The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.

Read more

November Newsletter: What Percent of your application workload is running in a public cloud?

The migration to cloud has been a long journey but companies have made significant progress.  About 71% of CIOs have at least 50% of their application workloads in the cloud.    

Read more

November Newsletter: What are your 3 largest IT initiatives currently?

Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities.  The second most popular initiative was cloud migration.  Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.  

Read more

November Newsletter: How have your IT spending plans changed in the last 6 months considering economic conditions?

Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.  

Read more

November Newsletter: How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.

Read more

November Newsletter: 16 Most Promising Cloud-Software Startups of 2022, According to VCs

The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.

Read more

November Newsletter: Databricks vs Snowflake | Deep Dive | Contrary Research

As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]

Read more

November Newsletter: What IT pros need to know about low-code limitations

Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]

Read more

November Newsletter: 5 Best Tools for API Integration for Modern Cloud-Based Applications

Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.

Read more

November Newsletter: Company Documents Show Meta’s Flagship Metaverse Falling Short

Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.

Read more

November Newsletter: EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]

Read more

November Newsletter: Inside Amazon’s open-source security bet

Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?

Read more

November Newsletter: Google Cloud makes its pitch

Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.

Read more

November Newsletter: IT services group Wipro fires 300 employees moonlighting for competitors

Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”

Read more

November Newsletter: Some developers are fouling up open-source software

The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications

Read more

November Newsletter: Accenture reports a strong Q4

– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% –  Q4 gross margin  was 32.1%

Read more

November Newsletter: How will the mix of IT talent used in your org change over the next 3 years

Over half the CIOs are increasing their use of contractors to secure technology talent.  The tech talent shortage has changed the calculus on how to source talent.

Read more

November Newsletter: What’s your mix change between custom build and commercial applications?

The split between commercial off the shelf applications and custom development remains consistent with past trends with 42% of CIOs accelerating COTS and 37% increasing a focus on custom applications.

Read more

November Newsletter: What Percent of your application workload is running in a public cloud?

The migration to cloud has been a long journey but companies have made significant progress.  About 71% of CIOs have at least 50% of their application workloads in the cloud.    

Read more

November Newsletter: What are your 3 largest IT initiatives currently?

Not surprisingly, cybersecurity is the highest priority with 41% of CIOs placing this area in their top 3 priorities.  The second most popular initiative was cloud migration.  Surprisingly, IT help desk and support was third indicating CIOs prioritizing better service to end users.  

Read more

November Newsletter: How have your IT spending plans changed in the last 6 months considering economic conditions?

Despite an uncertain economy, CIOs have not materially changed technology spending plans. Only 9% have reduced spending plans over the last six months while 69% have increased spending. Companies know that cutting tech investments in the era of digital transformation could be short sighted.  

Read more

November Newsletter: How Ukrainian IT Firm N-IX Ships Software Amid Russian Attacks on Lviv

Ukrainian tech company N-IX is still churning out code and supporting customers even as Russian artillery and missiles pound their homeland. And the Ukrainians aren’t planning to halt their entrepreneurial tech activities any time soon. Read on to find out what is spurring resilience in the Ukrainian tech sector.

Read more

November Newsletter: 16 Most Promising Cloud-Software Startups of 2022, According to VCs

The Software-as-a-Service sector is growing, and there are many new startups seeking a slice of the SaaS pie. Here is a list of 16 of the most promising startups in the SaaS domain, ranked from least, to most capital raised.

Read more

November Newsletter: Databricks vs Snowflake | Deep Dive | Contrary Research

As a result of this explosion of data and the exponential benefits that AI presents for businesses in 2022, the next question is “What are the core infrastructure building blocks to drive that value? Snowflake positions itself as wanting to be the “data cloud” for companies while Databricks positions itself as a “data lakehouse. This […]

Read more

November Newsletter: What IT pros need to know about low-code limitations

Digital transformation strategies rely on time-to-time execution to deliver services and products at a lower cost. Traditional software development impacts organizations’ ability to meet their transformation timelines and impacts CI/CD continuous development operations. Low code development techniques provide both ease of use and security means to develop applications in the cloud. But do low-code limitations make […]

Read more

November Newsletter: 5 Best Tools for API Integration for Modern Cloud-Based Applications

Communication between multiple APIs is enabled by using an API integration management platform. Read on to find out what the top 5 API integration platforms are for keeping businesses future-proof in these quickly evolving times.

Read more

November Newsletter: Company Documents Show Meta’s Flagship Metaverse Falling Short

Almost a year after Mark Zuckerberg rebranded Facebook as Meta Platforms Inc. in a bet-the-company move on the metaverse, internal documents show the transition grappling with glitchy technology, uninterested users, and a lack of clarity about what it will take to succeed.

Read more

November Newsletter: EY’s Consulting Arm Could Struggle to Compete As Standalone Firm

Strong competition and a slowing economy could pose challenges for Ernst & Young as it looks to stand up a separate consulting brand as part of the planned split of its business. “EY is going to have to carve out something that’s distinctive and different in an environment which is already very crowded.” – Fiona Czerniawska, […]

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November Newsletter: Inside Amazon’s open-source security bet

Back in August, Amazon and Splunk co-announced the formation of the Open Cybersecurity Schema Framework (OCSF), an open-source approach to dealing with cybersecurity issues. A bunch of other companies have since joined the project, but will all consortium members have equal say, given the resources Amazon has, and their influence on the framework?

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November Newsletter: Google Cloud makes its pitch

Google Cloud has acquired several companies in the cybersecurity business in the last year. At their Cloud Next ‘22 conference this month, they shared what they plan to do with the acquisitions, including how they plan to integrate expertise from recent acquisition Mandiant into their existing Chronicle Security Operations product.

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November Newsletter: IT services group Wipro fires 300 employees moonlighting for competitors

Rishad Premji, executive chairman of Indian IT services giant Wipro, revealed on Wednesday that the company fired 300 employees for moonlighting with its competitors. “The reality is that there are people today working for Wipro and working directly for one of our competitors.”

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November Newsletter: Some developers are fouling up open-source software

The continued adoption of open-source code and libraries is being questioned due to increased security risks. A pre-existing trust factor between consumers and the open-source community is eroding due to discoveries of malicious code, including backdoor cryptocurrency theft applications

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November Newsletter: Accenture reports a strong Q4

– Q4 revenues increased 15% in dollars and 22.4% in local currency, to $15.4 billion – However, growth in infrastructure-as-a-service, Q4 bookings were $18.4 billion, up 22% –  Q4 gross margin  was 32.1%

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Blend360 receives $100 Million Minority Investment from Recognize to Accelerate Growth

August 9th, 2022—Columbia, MD—Blend360, a global provider of data, analytics and talent solutions for Fortune 500 companies, announced today that Recognize, a technology investment platform focused on the tech services sector, has invested $100 million for a minority stake to continue driving growth in Blend360. This is Blend360’s first institutional investment and marks the start […]

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Forbes India: Cognizant founder to PE: Inside Francisco D’Souza’s new innings

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Torc: How to hire developers using performance metrics

America’s favorite pastime has the most specific data sets of any sport, said Michael Morris, cofounder and CEO of Torc, a new software developer talent marketplace. Players are ranked on everything from batting average, to home runs, to RBIs (runs batted in).

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Torc Announces Launch of Next-Generation Talent Marketplace

Torc, the talent marketplace for the future of work, today announced its public launch and funding from Recognize and Asymmetric Capital Partners.​ Torc helps businesses succeed by connecting them with software developers based on enterprise demands and developer productivity, positioning Torc to revolutionize the highly skilled talent ecosystem.

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Forbes India: “The Big Picture: Francisco D’Souza on his next innings, backing a new generation of IP-led tech services companies”

Our guest today is Francisco D’Souza, co-founder and former CEO of Cognizant Technology Solutions. In 2020, after more than 25 years at Cognizant, Francisco stepped back from the IT services giant he helped found and build.

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Recognize co-founder: ‘Talent and inflation’ are companies’ top priorities

Recognize Managing Partner and Co-Founder Charles Phillips joins Yahoo Finance Live to discuss how the Russian attack is affecting tech talent in Ukraine, volatility in the tech sector, and companies’ top concerns.

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AST Announces Strategic Investment by Recognize

Partnership will focus on expanding cloud services offerings and enhancing global delivery capabilities New York, NY – January 24, 2021 – AST Corporation, a leading cloud and digital transformation solutions provider, today announced it has received a strategic growth investment from Recognize, a technology services-focused investment platform. AST is an award-winning cloud services provider that […]

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Tech Investment Firm RECOGNIZE Closes $1.3 Billion Growth Fund; Completes Three Strategic Investments

Led by a team of experienced technology and investment professionals—Frank D’Souza, Raj Mehta, Charles Phillips, and David Wasserman—Recognize to invest in and partner with entrepreneurs and founders to build differentiated, next-generation technology services companies New York, NY— January 13, 2022— Recognize, a technology investment platform that is singularly focused on the $2-trillion technology services industry, […]

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WSJ Article – Recognize Partners Raises Roughly $1.3 Billion

Recognize Partners LP, a new private-equity firm that invests exclusively in technology-services companies, has raised about $1.3 billion. The New York-based investment firm was founded by David Wasserman, a former partner at private-equity firm Clayton, Dubilier & Rice; Charles Phillips, an ex-president of Oracle Corp.; and Frank D’Souza, a former chief executive of tech-services company […]

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Recognize makes strategic investment in SpringML

Recognize, a technology services investment platform, announced today a strategic investment in leading machine learning and advanced data analytics services company SpringML. Following the transaction, SpringML’s founders will continue to lead the company and focus on further scaling the business, while Raj Mehta, Co-Founder and Partner at Recognize, joins the company’s Board of Directors as […]

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Ciklum acquires CN Group to expand its European presence

Ciklum, a global digital engineering company, today announced the acquisition of CN Group in order to accelerate the company’s growth plans in the German-speaking (“DACH”) and Scandinavian markets. The combination of CN Group and Ciklum will build on each company’s long history of delivering high-impact products and platforms to clients across Europe and North America, […]

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Ciklum Announces Strategic Investment by Recognize Partners

Ciklum, a global digital transformation and digital services company serving the Fortune 500 and other fast-growing enterprises, announced that Recognize, a global technology investment platform, has made a significant strategic investment in the Company.

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Disclosure

Disclosure: The press releases included above are intended as illustrative examples for potential investment sourcing contacts. Opinions and statements expressed herein relate to the named individual’s perspective on Recognize’s investment advisory services and may not reflect the perspective or experience of others. Certain statements about Recognize made by portfolio company executives as referenced herein are intended to illustrate Recognize’s business relationship with such persons, including with respect to Recognize’s aspirational facilities as a business partner, rather than Recognize’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated for their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Recognize-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein. Nothing herein is intended to constitute investment advice, and no investment decision should be made based on any information provided herein. Past performance is not indicative of future results. With respect to the posts involving third party news media organizations, such as Forbes India or the Wall Street Journal, please note that such news media organizations are for-profit entities and may have an inherent incentive to portray subjects interviewed in their articles in a positive light to facilitate ongoing content sourcing for publication purposes. However, neither such news media organizations nor the respective article authors were compensated in connection with such article. Neither such news media organizations nor the respective article authors are investors in Recognize’s funds.