The Carlyle Group Invests $6 Million in Growth Capital in Quality Engineering and Software Technologies (QuEST)

Washington, DC and Bangalore, India – Global private equity firm The Carlyle Group today announced it has invested $6 million in Quality Engineering and Software Technologies LLC (QuEST), a leading provider of engineering solutions for advanced technology products in the aerospace, automotive and power generation, oil and gas, and industrial product domains. The funds will be used to grow QuEST’s infrastructure and facilities in the U.S. and India as part of its ongoing global expansion plan and support the company’s acquisition strategy. This venture capital investment came from Carlyle Asia Venture Partners II, a $170 million fund that invests in technology companies in Asia and India.

Ajit Prabhu, Founder and CEO said, “We welcome this strategic investment from The Carlyle Group in this tough investment environment. This funding will be used to strengthen our global team and better serve our existing customers. Our customers are looking for us to broaden our scope of work to include design and build, and we are expanding our operations in China to address their needs.”

Aravind Melligeri, Founder and President said, “Carlyle is an excellent partner for us. These resources, coupled with Carlyle’s global network and potential synergy with their existing portfolio companies, will help us accelerate our growth significantly.”

Tony Jansz, Managing Director of Carlyle Asia Venture Partners said, “QuEST is already profitable and exhibits the kind of return potential our investors seek. QuEST has a superb management team in Ajit and Aravind and we look forward to helping them achieve their full potential.”

About QuEST

QuEST is a leading provider of engineering solutions for advanced technology products in Aerospace, Automotive, Power Generation, Oil & Gas, and Industrial Product domains. A six-sigma trained company with expertise that ranges from concept to product realization, QuEST caters to several fortune 500 companies in developing world-class products cost effectively, leveraging technology strengths of its global resources and robust processes. QuEST was founded by Ajit Prabhu and Aravind Melligeri in 1997 in Schenectady, New York, USA and later established in Bangalore, India in 1998. The company works on product engineering designs for renowned customers like General Electric, United Technologies, General Motors, and Ford. The company currently has offices in United States, India, United Kingdom, China, Italy and Japan. Keeping in mind the needs of current and future customers, QuEST plans to continuously expand its presence and services worldwide. Visit www.quest-global.com for additional information

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