Prytek Secures $107 Million from Davidson Kempner to Support Global Expansion

Fazzaco learned that Prytek Holdings, a multinational technology corporation based in Singapore, has secured a $107 million committed investment from certain affiliates of Davidson Kempner Capital Management.

Accoding the official press release, Prytek will utilise the new capital to continue to accelerate its ambitious growth strategy. The investment will also be used to accelerate the growth of ThriveDX, a leading Cyber and IT education platform, expand the financial services division anchored by Delta Capita and fund other managed service operations in the company.

As part of the deal, a representative of Davidson Kempner will join Prytek's Board of Directors and Investment Committee.

"Our entire team, including the founders, Igor Rybakov and I, are excited to have Davidson Kempner as an investment partner in Prytek, which aims to transform the lives of millions of people around the world by building technologies that are industry leading and cutting-edge. This new capital will help Prytek increase the value of its assets, accelerate Prytek's global expansion, and boost our organic and M&A activities," commented Adrey Yashunsky, Co-Chief Executive Officer and Co-Founder of Prytek.