Kubera Cross-Border Fund Limited ("KUBC") (LSE: KUBC), an investment company traded on the AIM market of the London Stock Exchange has acquired a significant minority interest in Adayana Inc. ("Adayana") for an equity investment of US$20 million
Adayana is a learning services outsourcing company headquartered in Minneapolis, Minnesota, US with offshore development operations in Hyderabad, India.
Commenting on the new partnership, Rajiv Tandon, CEO of Adayana Inc., said, "We were looking for a partner that could help us grow direct sales in the US, Europe and emerging markets, identify and close acquisitions, assist in building a world-class Indian delivery operation and also help with our rapidly growing training outsourcing business serving the South Asian market. Kubera Partners, LLC’s ability to add value in a cross-border sense, uniquely qualifies them to help with businesses such as ours."
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