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Washington DC
and Bangalore, India – Global private equity firm, The
Carlyle Group, today announced it has invested $6 million in
Quality Engineering and Software Technologies LLC (QuEST), a
leading provider of engineering solutions for advanced
technology products in the Aerospace, Automotive and Power
Generation, Oil & Gas, and Industrial Product domains. The
funds will be used to grow QuEST’s infrastructure and
facilities in the U.S. and India as part of its ongoing
global expansion plan. This venture capital investment came
from Carlyle Asia Venture Partners II, a $170 million fund
that invests in technology companies in Asia and India.
Ajit Prabhu, Founder and CEO said, “Carlyle is the perfect
partner for us. These resources, coupled with Carlyle’s
global network, will help us grow our internal
infrastructure and access new customers and markets".
Aravind Melligeri, Founder and President said, “We are glad
that in this turbulent environment, we have a strategic
investment from the Carlyle Group. We are in the area of
high-end technology and are constantly looking for talent.
This partnership would enable us to meet this objective.”
Tony Jansz, Managing Director of Carlyle Asia Venture
Partners said, “We are very pleased with our investment in
QuEST. The Company has great potential and we will support
the management to develop further QuEST’s activities and to
find new opportunities for growth including those with the
Carlyle portfolio group companies.”
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