OpenGate Capital launches OGx Digital Transformation Capability
OpenGate Capital, a global private equity firm, has launched OGx, a newly formed digital innovation and business transformation growth capability as part of the firm’s commitment to untap the full potential of its acquired businesses.
Developed during 2018, OGx represents the combined power of the firm’s operational excellence best practices with applied exponential technologies and business model innovation to yield the XPotential for select investments.
Andrew Nikou, OpenGate Capital’s founder and CEO, said: “We are constantly looking for innovative and differentiated ways to accelerate profitable growth in the businesses we acquire. We are excited to launch OGx after successfully piloting it during 2018, recognizing that in this age of increased technology and business disruption, sustainable and scalable value creation within our holding period must go well beyond traditional operating drivers.
"We believe that a great deal of upside can be created from taking traditional manufacturing businesses and putting them on a digital track. We strongly believe that traditional private equity operations must evolve beyond simply reducing costs and adapt new, cutting-edge methods for accelerating portfolio company growth.”
OGx is the technology partner for select acquired businesses, bringing to bear experienced business model innovation and digital transformation resources, together with domain expertise in 3D printing, digital manufacturing, robotics, and applied artificial intelligence to achieve operational excellence. Additionally, OGx will selectively apply multi-sensor data acquisition and blockchain technologies to build advanced, predictive and prescriptive analytics to enhance portfolio companies’ operational performance.
