Bain Capital Takes Majority Stake in IT Consulting Firm Brillio

(Bloomberg) -- Bain Capital said it’s acquiring a majority stake in digital technology consulting and services company Brillio.

Bain, which didn’t disclose the size of the deal, said Santa Clara, California-based Brillio’s goal is to reach $500 million in revenue, according to a statement. The Boston-based private equity firm said its stake would be an opportunity to leverage its success with similar companies including Genpact Ltd. and Quest Global Services Pte, which it bolstered with marketing and strategic acquisitions.

Brillio develops and implements cloud-based applications and solutions, leverages big data and analytics to help companies build and migrate to digital platforms, Bain said. The company’s customers include Verizon, FordDirect, Move, Yokohama, Coats and Eventbrite.

Brillio was formed in 2014 when the information technology services company Collabera spun off its $100 million IT solutions business.

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