It has been a year of rapid expansion for technology investment shop Recognize, launched in early 2020 by former Clayton, Dubilier & Rice executive David Wasserman, former president of Oracle Corp Charles Phillips and others.
During that time the New York City-based firm has expanded its team to 16 members, according to a review of the Recognize team page. Among the most recent hires, Partner Mike Grady joined this November after serving as a managing director at business information and tech-enabled services specialist CIP Capital. Controller Patricia De Los Santos joined several months earlier after serving as an assurance senior manager at accounting firm Ernst & Young.
Other 2021 hires at the firm:
- Senior Associate Jack Berney, who joined in April after serving as an associate at buyout shop New Mountain Capital;
- Senior Associate Nicole Granet, who joined in June; earlier in her career Granet served as a consultant at Boston Consulting Group.
- Senior Associate Alex Witherspoon, who joined in March after serving as an associate at Altamont Capital Partners.
By press-time we were unable to reach Wasserman for comment on any additional hiring plans. Wasserman launched Recognize about two years ago after ending a highly regarded 21-year career at CD&R. Along with Phillips, his co-founders include Francisco D’Souza, the co-founder of Cognizant Technology Solutions, and Rajeev Mehta, a former president of Cognizant.
The firm’s only regulatory filing for Recognize Partners I LP, filed last February, does not list a target for the fund. A Times of India story from the fall of 2020 reports the firm to be raising a $1 billion fund, with “a couple of hundred million dollars” already secured.
Recognize has announced three deals on its Web site—an investment in digital services company Ciklum, its add-on acquisition of CN Group, and an investment in machine learning and data analytics company SpringML.