Multiples Alternate Asset Management to invest $2 bn in enterprise tech

Private equity (PE) player Multiples Alternate Asset Management (Multiples), founded by Renuka Ramnath, aims to invest close to $2 billion in enterprise technology over the next five years. The firm is making enterprise technology one of its priority sectors.

The company today announced the signing of definitive documents to acquire a controlling stake in digital product engineering platform QBurst with an investment of around $200 million. This is the largest control investment in a technology services company by Multiples.