TA Associates announces strategic investment in Zifo RnD Solutions

Dhiraj Poddar, Head of TA Associates Advisory Pvt. Ltd

TA Associates (TA), a global growth private equity firm, announced it has completed a strategic growth investment in Zifo RnD Solutions (Zifo), a provider of scientific informatics.

What is the market reach of Zifo?

Founded in 2008, Zifo enables the digital transformation of Drug Discovery, Clinical Development, Manufacturing Quality Control and Genomics functions at companies across the pharma, biotech, medical device and process industries. Zifo enables firms to digitalize their operations to support innovation and help increase efficiency and speed of delivery.

The company’s customers include global leaders and innovators in 20 countries around the world. Zifo is headquartered in Chennai, India, with offices in Canada, China, France, Germany, Japan, Singapore, Switzerland, the United Kingdom and the United States.

What are the executives’ thoughts on the partnership?

“Zifo has an established reputation as a best-in-class services provider across the scientific R&D and manufacturing value chains and has developed deep customer relationships with many global industry leaders,” said Dhiraj Poddar, Head of TA Associates Advisory Pvt. Ltd.

“As the push for the digitization of research and clinical development continues, particularly in the life sciences space, we believe Zifo is well-positioned for further growth. We look forward to partnering with Zifo’s team, and deepening TA’s focus on the tech services space.”

“As a global investment firm with many years of successful investing in technology businesses around the world and with a good cultural fit, we see TA as the ideal partner for Zifo,” commented Raj Prakash G, Co-founder and Chief Executive Officer, Zifo RnD Solutions.

“TA’s experience and extensive network, coupled with Zifo’s industry expertise and specialized human talent, will prove meaningful in helping us expand and grow our business. We welcome the partnership with TA and look forward to working closely,” Raj further commented.

“TA brings a commitment to quality, an emphasis on teamwork and a management friendly approach that complements Zifo’s culture. In partnering with TA, we seek to build additional value in Zifo, while remaining a trusted partner to our customers across the R&D spectrum,” said Vanchinathan S, Co-founder and Chief Operating Officer, Zifo RnD Solutions.

“Raj and I look forward to continuing in our respective roles, working with TA to further strengthen Zifo’s competitive positioning in a large and growing market.”

“The urgency to become more data driven and the increasing complexity of scientific systems challenges R&D teams,” said Gurnoor Kaur, VP at TA Associates Advisory Pvt. Ltd.

“As a highly experienced provider of these business-critical services, Zifo has a meaningful opportunity to expand and support more organizations in their digital transformation. We look forward to working with Zifo, building on the company’s strong momentum to further position the company as a leader in Scientific informatics,” Gurnoor further commented.