New Mountain Capital, an investment firm with over $30bn in assets under management, agreed to acquire a majority stake in Accolite Digital, a cloud and digital product engineering services provider, for $250m. “Accolite is focused on helping our customers successfully deliver their most complex digital transformation initiatives. We are confident that New Mountain’s deep sector expertise and proven track record of building businesses will help us achieve our growth ambitions and yield significant benefits for our customers, employees and industry partners,” Leela Kaza, Accolite Digital Founder and CEO.