Warburg Pincus taps SAP exec to advise on tech deal spree: Source

LONDON: U.S. investment firm Warburg Pincus has appointed SAP executive Brian Duffy as a senior adviser in its technology team as it bets on the digital transformation of its portfolio companies while also scouting for new tech targets.

The U.S. firm, which is known as a “growth investor” as it deploys cash to support companies that offer strong earnings potential in industries that have profited from the COVID-19 pandemic, has heavily invested in the telecoms, media and technology (TMT) sector since the start of the pandemic and will rely on Duffy’s expertise to identify new investment opportunities globally, a source familiar with the matter told Reuters.

Duffy will be based in Chicago where he will continue working with SAP as “president of cloud” overseeing the strategy to drive more customers to cloud computing.