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The deal will value To The New at $600 million, sources said. Founded by IT veterans Deepak Mittal, Narinder Kumar, Raman Mittal and Satya Sharma, To The New is a new-age digital technology services firm providing product engineering, cloud, and FinOps services to enterprises, SaaS, and consumer tech companies.
Private equity firms have been active in the IT and technology services space in 2023, including deals like Warburg Pincus-Everise and Apax Partners-IBS Software