FTV Capital completed the acquisition of a minority stake in DataArt for $75m.

FTV Capital, a growth equity investment firm, completed the acquisition of a minority stake in DataArt, a global software engineering firm, for $75m. "Cloud, specialized product, AI/ML, and data engineering are some of the most explosive segments in IT today and have become pivotal to every corporate IT environment. DataArt has already proven successful in building an exceptional, scaled platform for software engineering with a deep focus on its customers and people. When FTV decided to invest at the beginning of this year, DataArt was already in a very strong financial position, but we came together around a shared ambition to catalyze the company’s growth. Even in the face of a difficult geopolitical environment, we have been extremely impressed with DataArt’s agility, resourcefulness and consistent ability to deliver on its promise of providing top engineering talent globally," Richard Liu, FTV Capital Partner.