Everstone Group partners Suresh Vaswani to boost IT investment

Private equity firm Everstone Group Monday said it has partnered Suresh Vaswani, former president of Dell Services and co-CEO of Wipro, to co-invest in the information technology sector. Suresh will work closely with Everstone Group to provide strategic and operational expertise in current and prospective investee companies worldwide, the firm said in a release.

After the partnership, Vaswani will be a senior director at the Everstone Group and will also join the board of two group companies -- Servion Global Solutions and Innoveo AG, it added. "This partnership will strengthen our capability set on the sector as a whole, and specifically on our cross-border investment strategy, where we synergize with our infrastructure in India and South East Asia," said Everstone Group CEO Sameer Sain said.

Vaswani said, "Everstone Group has a global mindset with a strong understanding and expertise in the information technology sector. I am delighted to partner with them and look forward to working closely with the Everstone team globally."