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UST Global company logo
Corporation
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Business Process Outsourcing (BPO)
ust-global.com

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Investments

11

Portfolio Exits

2

Partners & Customers

10

About UST Global

UST Global provides end-to-end IT Services and Solutions for Global 1000 companies. UST Global serves the following industries: Healthcare & Insurance, Retail, Financial Services, Transportation & Logistics, Manufacturing & Automotive, Telecommunication and Media & Entertainment.

UST Global Headquarter Location

5 Polaris Way

Aliso Viejo, California, 92656,

United States

949-716-8757

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UST Global Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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UST Global Rank

Latest UST Global News

UST cofounder targets $1 billion funding for tech investment

Jul 15, 2022

UST cofounder targets $1 billion funding for tech investment SECTIONS Bloomberg Rate Story Synopsis McLaren Strategic Ventures has started preliminary roadshows and has seen good interest from family offices and Middle Eastern state investors, chairman Sajan Pillai said. ETtech The investment firm led by the Indian cofounder of technology services company UST is looking to raise about $1 billion to invest in startups and private equity opportunities in Asia’s third-largest economy and beyond. McLaren Strategic Ventures has started preliminary roadshows and has seen good interest from family offices and Middle Eastern state investors, chairman Sajan Pillai , 54, told Bloomberg News in an interview in Mumbai. The firm aims to complete the fundraising by March and will target investments in banking and fintech, health tech and in supply-chain companies operating in the digital space, Pillai said. Set up by Pillai in 2019 with funds from the sale of his stake in UST, then known as UST Global , MSV has invested $300 million to date, in areas including chip design and product engineering. MSV also provides advisory services including preparing companies for initial public offerings in the US, where Pillai is based. He is also general partner of early-stage fund Season Two Ventures, which he said has invested in 20 companies in India and overseas. In addition to the US, MSV has a six-person office in Bengaluru and Pillai said they are weighing starting one in Mumbai. Discover the stories of your interest He named MSV after the racing car brand and is a proud owner of a McLaren, though as its website notes, the firm has no affiliation with McLaren Automotive. UST was a Formula One race sponsor, he said, and described himself as “crazy” for McLaren cars due to their acceleration. Pillai wanted MSV to accelerate the opportunities for entrepreneurs, he said. Last year MSV joined the blank-check craze, sponsoring McLaren Technology Acquisition Corp. which raised $201 million in an IPO in November. The special purpose acquisition company is seeking targets in banking, financial services and insurance that use technologies such as AI and machine learning, according to its prospectus. Pillai is undeterred by the fate suffered by numerous firms created via mergers with SPACs, as US regulators weigh proposals to add protections for retail investors. Billionaire investor Bill Ackman said Tuesday his blank-check firm will return $4 billion to investors after failing to consummate a merger deal. “The correction was inevitable, but SPAC as a strategy will continue to be a legitimate alternative for entrepreneurs to list their companies,” Pillai said. “It is a relative collapse but not absolute.” He is confident that the McLaren SPAC will complete a merger with a target by the first quarter of next year, and wants to launch two more of the vehicles by 2024 after the first one’s merger closes. “Eight months ago, the interest was off the chart, but legitimate companies are still trying to list” via SPAC, Pillai said. Despite the regulatory changes, “SPAC is here to stay.” Jul 15, 2022, 05:09 AM IST Experience Your Economic Times Newspaper, The Digital Way! India’s orders for content blocking and takedowns issued to Twitter comprise just 7% of the cumulative legal demands received by the microblogging platform in the decade up to 2021, and are “proportional” to the expanding user base of the San Francisco-based company in the country, according to an official review. The government has taken a serious view of alleged mis-selling of courses by edtech firms. Complaints against Byju’s and group entities were highlighted during a discussion, as the edtech leader caters to a large student base, people briefed on the matter said. Read More News on

UST Global Investments

11 Investments

UST Global has made 11 investments. Their latest investment was in Tastry as part of their Corporate Minority on August 8, 2020.

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UST Global Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/26/2020

Corporate Minority

Tastry

Yes

2

7/29/2020

Corporate Minority

Opkey

Yes

2

6/24/2020

Corporate Minority

Ksubaka

$1.6M

Yes

2

11/20/2019

Corporate Minority

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10

11/13/2018

Series A

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$99M

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10

Date

8/26/2020

7/29/2020

6/24/2020

11/20/2019

11/13/2018

Round

Corporate Minority

Corporate Minority

Corporate Minority

Corporate Minority

Series A

Company

Tastry

Opkey

Ksubaka

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Amount

$1.6M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

2

10

10

UST Global Portfolio Exits

2 Portfolio Exits

UST Global has 2 portfolio exits. Their latest portfolio exit was XM Cyber on November 22, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/22/2021

Acquired

$99M

6

4/5/2018

Acquired

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$99M

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10

Date

11/22/2021

4/5/2018

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

6

10

UST Global Acquisitions

12 Acquisitions

UST Global acquired 12 companies. Their latest acquisition was Contineo Health on November 12, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/12/2019

$99M

Acquired

2

11/5/2019

$99M

Acquired

1

10/30/2019

$99M

Acquired

1

9/26/2018

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$99M

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10

2/23/2018

Series B

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$99M

$99M

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10

Date

11/12/2019

11/5/2019

10/30/2019

9/26/2018

2/23/2018

Investment Stage

Series B

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

Acquired

Acquired

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Sources

2

1

1

10

10

UST Global Partners & Customers

10 Partners and customers

UST Global has 10 strategic partners and customers. UST Global recently partnered with Plastic Logic on January 1, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

1/1/2021

Partner

Germany

UST Global, Plastic Logic Partner on Digital Retail Shelf Displays

UST Global has announced its partnership with Plastic Logic , a leader in the design and manufacture of flexible , glass-free electrophoretic displays .

2

8/26/2020

Partner

United States

UST Global makes strategic investment into Tastry - A unique technology that improves customer experience

`` Having UST Global as our strategic investor and partner expands our reach and allows us to offer our unique offering to retailers looking for a true competitive advantage , '' said Katerina Axelsson , CEO and Founder of Tastry .

4

8/5/2020

Partner

Chile

UST Global and Modyo Sign International Alliance to Drive Innovation in Digital Channels and Enhance Online Business.

Aliso Viejo , CA , USA ; Madrid , Spain , Aug 5 , 2020 : UST Global , a leading digital transformation solutions company , and Modyo have announced that they have signed an international alliance to promote the digital acceleration of the companies , thus becoming a fundamental pillar of their customers ' digital assets .

2

5/26/2020

Partner

Hong Kong

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10

4/23/2020

Partner

United States

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10

Date

1/1/2021

8/26/2020

8/5/2020

5/26/2020

4/23/2020

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Germany

United States

Chile

Hong Kong

United States

News Snippet

UST Global, Plastic Logic Partner on Digital Retail Shelf Displays

UST Global has announced its partnership with Plastic Logic , a leader in the design and manufacture of flexible , glass-free electrophoretic displays .

UST Global makes strategic investment into Tastry - A unique technology that improves customer experience

`` Having UST Global as our strategic investor and partner expands our reach and allows us to offer our unique offering to retailers looking for a true competitive advantage , '' said Katerina Axelsson , CEO and Founder of Tastry .

UST Global and Modyo Sign International Alliance to Drive Innovation in Digital Channels and Enhance Online Business.

Aliso Viejo , CA , USA ; Madrid , Spain , Aug 5 , 2020 : UST Global , a leading digital transformation solutions company , and Modyo have announced that they have signed an international alliance to promote the digital acceleration of the companies , thus becoming a fundamental pillar of their customers ' digital assets .

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Sources

2

4

2

10

10

UST Global Team

14 Team Members

UST Global has 14 team members, including current Chief Executive Officer, Kevin Adams.

Name

Work History

Title

Status

Kevin Adams

Chief Executive Officer

Current

Krishna Sudheendra

Chief Executive Officer

Current

Arun K Narayanan

President, Chief Operating Officer

Current

Diana Rosella

Xylem, Ecolab, Nielsen, Ambac Financial Group, and General Electric

Chief Financial Officer

Current

Manu Gopinath

Chief Operating Officer

Current

Name

Kevin Adams

Krishna Sudheendra

Arun K Narayanan

Diana Rosella

Manu Gopinath

Work History

Xylem, Ecolab, Nielsen, Ambac Financial Group, and General Electric

Title

Chief Executive Officer

Chief Executive Officer

President, Chief Operating Officer

Chief Financial Officer

Chief Operating Officer

Status

Current

Current

Current

Current

Current

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