Xoriant Exemplifies M&A-led Growth Strategy

Bengaluru, India, January 22, 2026 – Xoriant, backed by ChrysCapital, was featured in a recent Economic Times article examining how private equity-backed digital engineering services (DES) firms are accelerating growth through strategic M&A deals.

The analysis reveals that PE-backed platforms accounted for 42% of deal volume in 2025, compared to 20% in 2021, signaling a huge shift in how DES firms pursue expansion. Over the last two to three years, companies under $100 million have scaled past that milestone in revenue through acquisitions, with larger players now operating at $1-2 billion revenue levels. Xoriant's acquisition of TestDevLab, exemplifies this M&A-led consolidation strategy, strengthening its software quality engineering capabilities.

As the DES market projects to reach $550 billion by 2030, PE-backed platforms are positioning themselves as integrated engineering ecosystems enabling enterprises to navigate digital transformation at scale.