LOS ANGELES--(BUSINESS WIRE)--
Rage Frameworks, Inc. (“Rage”), a managed service provider of business
process automation and big data solutions, has partnered with Kayne
Partners to grow its business. Kayne Partners is the growth private
equity group of Kayne Anderson Capital Advisors, L.P. a $24 billion
alternative investment firm.
Headquartered in Westwood, Massachusetts, Rage was founded by serial
entrepreneur Venkat Srinivasan (Chairman and CEO) and launched its
managed services business in 2006. Combining business process automation
and big data analytics, Rage delivers mission critical solutions. Rage
delivers its software through a pioneering technology platform on a
subscription basis. The company’s solutions enable large enterprise
clients to automate manual business processes and use big data analytics
to inform decision making.
“We are proud to have the support of Kayne Partners at this important
juncture in Rage’s growth. Our partnership will enable Rage to
significantly expand its sales and marketing investments and continue to
develop its pioneering technology in service of its customers. We are
particularly pleased with how our vision is aligned with Kayne Partners’
strategy in managed services,” said Venkat Srinivasan, Chief Executive
Officer of Rage.
“Kayne Partners has vast experience providing transformative capital to
high growth companies that are at an inflection point,” said Nishita
Pawar, a Vice President of Kayne Partners. She continued, “We have been
following the business process automation space and big data market for
a while now, and Rage is unique in combining automation and analytics
into their solutions. We are excited to be partnering with Rage and
believe that they are a market leader through innovation and excellence.”
“At Kayne Partners, we believe great companies are the result of great
leaders, and we are very excited to be partnering with the seasoned and
exceptional members of Rage’s management team,” said Doyl Burkett, a
Partner of Kayne Partners.
About Rage Frameworks, Inc.
Rage is a worldwide leader in mission critical business process
automation and big data solutions and products as a managed service
through pioneering technology. Rage’s solutions deliver unmatched value
to global corporations helping them with time to market, real time
insight and improved efficiencies.
About Kayne Partners
Kayne Partners is a leading provider of capital and connections to
rapidly growing companies in North America. Since its inception more
than a decade ago, it has invested over $500 million in platform
investments and add-on acquisitions. Kayne Partners seeks to partner
with driven entrepreneurs as a non-control minority investor and provide
transformative capital to these high growth companies. Kayne Partners is
the growth private equity group of Kayne Anderson Capital Advisors.
About Kayne Anderson Capital Advisors, L.P.
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading
independent alternative investment management firm focused on niche
investing in upstream oil and gas companies, energy infrastructure,
specialized real estate, middle market credit, growth private equity and
distressed municipal opportunities. Kayne’s investment philosophy is to
pursue niches, with an emphasis on cash flow, where our knowledge and
sourcing advantages enable us to deliver above-average, risk-adjusted
investment returns. Kayne manages approximately $24 billion in assets
(as of 9/30/2013) for institutional investors, family offices, high net
worth and retail clients and employs 230 professionals in eight offices
across the United States.
For more information on this transaction, please contact Nishita Pawar
at (310) 282-2800 or firstname.lastname@example.org.
Nishita Pawar, (310) 282-2800
Source: Kayne Anderson Capital Advisors, L.P.