Gryphon Investors Supports phData's Ambitious Growth Journey
Gryphon Investors Backs phData's Growth Strategy
Gryphon Investors, a prominent player in the private equity landscape, has made a significant move by announcing its investment in phData. This strategic partnership is aimed at scaling phData's groundbreaking data and AI services platform, an area that has rapidly evolved in today’s digital world.
Partnership to Enhance AI and Data Services
The majority growth recapitalization reflects Gryphon's commitment to supporting phData's expansion of its comprehensive suite of offerings. By joining forces with the management team, including CEO Ryan Bosshart, Gryphon is set to accelerate phData's efforts in delivering exceptional data applications and AI solutions. Both companies are eager to unlock new opportunities and generate further innovation in this dynamic industry.
phData's Role in the Evolving Technology Landscape
phData has established itself as one of the leading pure-play data engineering companies worldwide. With certifications as a Snowflake Elite Services Partner and an AWS Advanced Consulting Partner, the company has built a strong reputation for excellence in AI and data applications. Their focus includes vital services such as data engineering, AI development, machine learning, and comprehensive analytics. Having launched in 2014, phData has collaborated with some of the most prestigious brands across various sectors, including finance, healthcare, and retail.
Gryphon's Investment Strategy and Future Prospects
With this investment, phData marks Gryphon's fourth platform engagement within the Technology Solutions and Services sector, following successful partnerships with companies such as 3Cloud and Caylent. Gabe Stephenson from Gryphon expressed enthusiasm regarding phData's potential, recognizing its advantageous market position and robust customer relationships. Gryphon is keen on leveraging these strengths to capitalize on the rising demand for data and AI-driven solutions.
Leadership Vision
CEO Ryan Bosshart welcomed Gryphon as a partner, highlighting their shared vision for developing innovative and efficient solutions that create real-world value. With Gryphon's extensive experience in scaling technology firms, the collaboration is poised to enhance phData's growth trajectory in an increasingly competitive marketplace.
Legal and Financial Advisors
In the backdrop of this significant transaction, Guggenheim Securities has served as the financial advisor for phData, while various esteemed law firms, including Kirkland & Ellis and Latham & Watkins, have provided legal counsel for both parties involved.
About phData
phData stands out as a premier AI and data services provider, offering expertise across all execution phases of data initiatives. Their global team focuses on integrating innovative cloud solutions and advanced analytics to help clients drive data-centric growth.
About Gryphon Investors
Gryphon Investors is recognized as a top-tier private investment firm, specializing in fostering growth within middle-market companies across diverse sectors. With over $9 billion in assets under management, their operations underscore a commitment to forming strong partnerships and creating lasting value through strategic acquisitions and operational excellence.
Contact Information
If you have inquiries regarding this partnership or further information about the companies involved, please reach out to: Caroline Luz at 203-570-6462 or Jennifer Hurson at 845-507-0571.
Frequently Asked Questions
What is the main purpose of Gryphon's investment in phData?
The investment aims to support phData's growth in offering AI and data services, enhancing their reach and capabilities in the industry.
Which sectors does phData serve?
phData provides services across various sectors, including financial services, healthcare, manufacturing, and retail.
Who are the main financial advisors involved in the transaction?
Guggenheim Securities acted as the financial advisor for phData, with several law firms assisting both Gryphon and phData.
What advantages does Gryphon see in partnering with phData?
Gryphon recognizes phData's strong market position, talented team, and valuable customer relationships, which are catalysts for future growth.
When was phData founded?
phData was established in 2014 and has since evolved into a leading provider of data engineering and AI solutions globally.
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