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KKR to Acquire Ness Digital Engineering

October 27, 2022 – KKR, a leading global investment firm, today announced the signing of definitive agreements under which KKR will acquire 100% of Ness Digital Engineering (“Ness” or the “Company”), a global full-lifecycle digital services transformation company, from The Rohatyn Group (“TRG”).

Founded in 1998 and headquartered in Teaneck, New Jersey, Ness is a leading provider of end-to-end digital transformation services that specializes in building digital software products and platforms. Ness helps organizations envision, build, and continually evolve their digital platforms to enter new markets, capture new revenue, and gain operational efficiencies. The Company offers a wide range of digital practices that include cloud engineering, data and analytics, experience design, intelligence engineering, and salesforce for businesses across sectors. Today, Ness has a presence in North America, Europe, the Middle East, and Asia, with a globally diversified talent pool across India, Eastern Europe, and the United States.

Gaurav Trehan, Partner and CEO of KKR India, said, “Digital transformation and adoption is a critical strategy for businesses of all sizes worldwide. Against this backdrop, KKR believes that Ness is well-positioned for growth, supported by its exceptional, experience-led product engineering heritage. KKR is pleased to invest in Ness’ capabilities and looks forward to working alongside its talented team to further scale Ness’ digital-first platform, achieve its global ambitions, and better enable its customers to compete in the digital economy.”

Ranjit Tinaikar, CEO of Ness, said, “We are thrilled to welcome an investor of KKR’s caliber in Ness. We believe this transaction will help us turbocharge our growth plans and further strengthen our competitive market position. We look forward to leveraging KKR’s global platform and strong investment and operational expertise to deliver more innovative solutions to help our customers keep up with the pace of digitalization required by the accelerated online economy. I want to thank TRG for their consistent stewardship throughout the years. They have been great strategic partners to the management team and helped us to execute our growth strategy.”

Nicolas Rohatyn, chief executive officer and founder of The Rohatyn Group, said, “We are proud to have tapped into TRG’s technology services expertise and extensive global experience to help Ness become a unique, global leader in the digital space. We wish the Company the best in its next chapter.” Tom Kucera, Managing Director at TRG, added “I am grateful to Ranjit, the management team and Ness’ more than 4,000 employees for their partnership, dedication and support over the years. It has been a privilege working closely with them to build Ness into a premier digital transformation platform and I wish them continued success.”

Ness adds to KKR’s global portfolio of technology investments, which includes, but is not limited to, Cloudera, a leading provider of enterprise-grade, hybrid data management software in the United States; Yayoi, a software developer, distributor, and support service provider for small-and-medium-sized enterprises in Japan; Probe CX, a provider of outsourced customer experience and business process outsourcing solutions in Australia; MYOB, a leading Australian online business management company; and Jio, a next-generation technology platform that provides digital services across India.

KKR makes its investment from its Asian Fund IV. Additional terms of the transaction, which is subject to customary closing conditions, were not disclosed.


About Ness Digital Engineering
Ness is a full lifecycle digital engineering firm offering digital advisory through scaled engineering services. Combining our core competence in engineering with the latest in digital strategy and technology, we seamlessly manage Digital Transformation journeys from strategy through execution to help businesses thrive in the digital economy. As your tech partner, we help engineer your company’s future with cloud and data. For more information, visit ness.com.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About TRG
Founded in 2002, The Rohatyn Group is an asset management firm focused on emerging markets and real assets, headquartered in New York, with a global presence in 16 cities across the US, Latin America, Europe, the Middle East, India and Southeast Asia. For more information, please visit www.rohatyngroup.com.

Media Contacts

For KKR:
KKR Asia Pacific
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com
For Ness:
Vivek Kangath
+91 9742565583
Vivek.Kangath@ness.com
For TRG:
Julia-Ambra Verlaine
+1 212 984 3539
Julia.Verlaine@rohatyngroup.com

KKR Americas
Julia Kosygina and Miles Radcliffe-Trenner
+1 212 750 8300
Media@kkr.com

AdFactors (for KKR India)
George Smith Alexander
+91 98213 56867
George.Smith@adfactorspr.com

Josef Švenda obchodním ředitelem Ness Czech pro finanční sektor

Praha, 26. října 2022: Josef Švenda, zkušený odborník na oblast podnikových aplikací, se stal obchodním ředitelem pro finanční sektor ve společnosti Ness Czech, která patří mezi přední české systémové integrátory a dodavatele ICT řešení.

Josef Švenda přichází do Ness Czech se zkušenostmi, které nasbíral během své bohaté profesní kariéry. Nejvíce času strávil ve vedoucích pozicích ve společnostech Autodesk a Oracle. V Autodesku byl zodpovědný mimo jiné za obchodní aktivity v regionech jihovýchodní a východní Evropy. V Oraclu zastával postupně pozice ředitele české pobočky Oracle, regionálního ředitele pro partnerský prodej a šéfa pražské centrály Oracle Digital. Jeho dalšími působišti byly i společnosti Operátor ICT, CompuGroup Medical či SAP. Věnoval se i vlastním aktivitám, například spoluzaložil bio-data startup Aiomica.

„Chci se zaměřit na nové příležitosti, které finančnímu sektoru přináší digitalizace a změny pracovních postupů. Pro finanční instituce zde leží značný potenciál ve využití podnikových aplikací k optimalizaci svých procesů a zlepšení finančních ukazatelů,“ říká Josef Švenda, obchodní ředitel pro finanční sektor v Ness Czech.

Ve volném čase se Josef Švenda věnuje rodině, čte a pokud má volnou chvilku pro sebe, programuje v pythonu a zdokonaluje se v AI/ML. V minulosti byl také držitelem pilotní licence. V poslední době se účastní projektu Numerai, který pomocí data science předpovídá vývoj na akciových trzích.

O společnostech Ness Czech a Ness Digital Engineering

Ness Czech, přední český systémový integrátor a součást mezinárodní skupiny Ness Digital Engineering, patří mezi největší poskytovatele IT služeb v České republice. Od roku 1993 se profiluje jako průkopník v zavádění nových technologií a softwarových produktů. Mezi nejvýznamnější zákazníky patří například O2 Czech Republic, Komerční Banka a ČÚZK. Ness Digital Engineering je globální poskytovatel komplexních řešení a služeb v oblasti informačních technologií.

OTT in Hospitality: The Future of Streaming Distribution and Consumption for Hotels and their Guests

OTT in Hospitality - Ness

The past few years have been challenging to those in the hospitality industry as the COVID-19 pandemic stalled travel and ongoing inflation inhibits vacations. However, a recent CBRE Hotel Research report shows a strong recovery for the hospitality industry throughout 2022 and beyond, meaning it is critical for hotels and resorts to do all they can to provide excellent guest services and make customers feel right at home.

This means, to a large extent, being able to bring home entertainment on the go, allowing guests to enjoy their favorite content from the convenience of their hotel rooms, whether it comes from a traditional network or is available only through an over-the-top (OTT) service. OTT services offer video content streamed directly from the Internet and bypassing traditional multichannel video program distributors (MVPDs). In recent years, it has become the predominant way for consumers to engage with content, with platforms like Netflix and Disney+ boasting incredible subscriber growth at a time where the traditional video package at home seems to be falling out of fashion.

Hoteliers are scrambling to integrate OTT content into their entertainment services. Here are some ways that hospitality providers can innovate in this space:

App Enabled In-Room Entertainment

Incorporating OTT services into the in-room entertainment systems will benefit hospitality organizations that aim to provide guests with access to their preferred platforms during their stay. This requires an evolution in their hospitality platforms to enable delivery of streaming services. Some hotels have implemented hybrid solutions, with systems that combine traditional television services delivered via existing coaxial cables, and OTT apps delivered either via Wifi or ethernet using a set top box in every room.

Alternatively, some hotels are choosing Internet-only deployments using Smart TVs (TVs that connect to the Internet via ethernet or Wifi) and either forgo the traditional TV package or offer it via an app.

In some cases, hotels offer guests a simpler option to stream content using their own devices: casting. This is allowing guests to pair their own devices with either the TV directly or a connected streaming device so that they can use their smartphone or tablet to access the apps and the TV to watch the content from the comfort of their rooms. This helps hospitality service providers hyper-personalize experiences to guests, but also requires investment in technology and equipment to enable device pairing and casting content from third-party apps.

Novel ways of transforming the in-room experience

These connected platforms also offer hoteliers the opportunity to transform the guestroom experience through content discovery and personalization. Hotels can offer entertainment with preinstalled OTT apps, making guests feel more at home by allowing them to use their own subscription to view their preferred OTT service, while also providing their own content, including concierge information and amenity details, unifying and streamlining the entertainment experience.

Furthermore, Smart TVs and streaming devices are revolutionizing the capabilities of guestroom management. Fully integrated and tailored hospitality management solutions are now offering guest control over room amenities like lights, air conditioning and thermostats directly from their TV. With the increased presence of voice-powered virtual assistants, investment in connected experiences can set hospitality providers up for future success as the industry progresses to voice-directed, hands-free control and entertainment.

Simplifying the User Experience

One of the obstacles to a simplified guest entertainment experience is having to log in to each of the OTT services from their hotel room. TV apps still require keying in a password with a remote control or some kind of two-factor authentication using a mobile device, which can be discouraging for some guests. Additionally, some guests may be concerned about entering their credentials into what is seen as a public device for fear of having their information stolen; however, most hotels clear user credentials upon check-out, mitigating any risks.

An area of consideration would be leveraging loyalty programs to connect to a guest’s OTT services. Hotel chains could work with major platforms, creating a linkage between their members and their favorite OTT services and reducing friction when attempting to watch content through their in-room entertainment system.

This new layer of customer data could be further leveraged by hotels in creating a hyper-personalized content experience in future visits. Their in-room entertainment system not only could automatically log in users, but also recommend favorite shows, next episodes, sporting events, and elevate the user experience to a whole new level.

Negotiating meaningful partnerships

OTT streaming offers many benefits to new-age consumers within the hospitality industry, but more importantly, it provides limitless integration opportunities for hotels once they commit to investing in the infrastructure. No forward-thinking organization should, however, undertake a digital transformation of this nature without a proper technology partner. Whether it be a complete OTT overhaul for global hotel chains or customized welcome screens and interactive program guides, experienced digital engineering companies can offer counsel and expertise to advise on which level of investment is best for a growing business.

About Hospitality Technology is the only media and predictive intelligence resource exclusively dedicated to helping both hotel and restaurant operators better employ technology to improve the performance of their businesses. Since 1997, technology service providers have leveraged HT to connect with hotels and restaurants in meaningful ways to build stronger and more productive business relationships. The HT audience includes key corporate and franchise IT stakeholders across technology, digital, finance, marketing, operations, and senior executives. For more information, visit: https://hospitalitytech.com/

Ness Connection: Frances Chalmers

For the mum of three, her two sons and a Dachshund, Frances is a busy mom, with her family being her first and foremost priority. However, Frances found her passion for IT/digital and data through the Xerox graduate program after she graduated from University.

Tell us about your professional journey.

It was an excellent start for me to join Xerox. Little did I know that I had joined the most exciting, world-changing industry.
Having founded an omnichannel business in 2005 and selling it to JD Sports after nine years, I always have that itch every entrepreneur needs to be scratched. Ness is a very entrepreneurial business, and I’ve found a home that allows me to nurture my passion! I am pleased to have found a great tech family in Ness.
I look forward to participating in the incredible growth journey.

What is your passion?

I’m passionate about being the best I can be at everything I do. I believe that life is short, and it’s for living. There is so much we can achieve if we put our minds to it, particularly when passionate individuals unite as a team. I was taught long ago that “we can be anything we want to be,” and I live by that. Stay positive, exercise, and be strong.

What are the most promising industry trends to watch out for this year?

Businesses go through a flurry of downsizing during times of economic uncertainty. These periods bring opportunities for businesses to work on their agility and focus on what’s next. The OTT space is going through tremendous growth with a renewed focus on advertising, which is very exciting when combined with modern data processing capabilities. Companies in the SVOD space are looking are in the process of understanding their audiences better. The Gaming industry, closer to my heart, is seeing a massive innovation that is revolutionizing gaming platforms and bringing new possibilities to the gaming community across the globe.

What is the one thing you would like to tick off your bucket list this year?

I kept promising myself that I would take up ballet and dance. Finally, I think I’m still agile enough to do it. Watch this space!

What is the Morning Raga that helps you to take the day head-on and conquer?

For me, mornings are the BEST part of the day. I start my day at 5:30 am with a strong coffee and HIIT (High-Intensity Interval Training), followed by my brew of green tea, fresh ginger, and lemon, which I drink cold throughout the day. Exercise is key to my mental and physical strength. Strong body, strong mind!

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