California-based Infogain Corporation, a global business and IT consulting leader, have entered into definitive agreements to acquire Blue Star Infotech’s IT operations.
The acquisition will expand Infogain’s digital transformation offerings, particularly in the areas of Cloud, mobility, SAP and analytics; adding specialized capabilities in the travel/hospitality, high-tech and healthcare verticals. In addition, the acquisition will strengthen and enhance the leadership position of Infogain in the areas of product engineering and test automation.
Infogain provides customer-facing solutions, processes and applications that lead to a more efficient and streamlined digital customer experience for enterprises in the US, Europe, the Middle East, Asia Pacific and Indian markets.
The combined entity will have revenue of over US$150 million, close to 4,000 employees and eight delivery locations globally.
This acquisition is being announced within weeks following a US$63 million Investment by ChrysCapital.
Commenting on the acquisition, Sanjay Kukreja, Managing Director at ChrysCapital noted, “BSIL’s IT assets are an ideal fit for Infogain with the vision of creating a leading new age digital services platform with combined capabilities in Cloud, mobility, SAP, analytics and product engineering. We expect the combined company to grow to half a billion dollars, through organic and inorganic growth, within the next five years.”
“This acquisition is another achievement toward our vision of transforming Infogain into a much larger IT services player delivering innovation and outstanding value to our clients,” notes Kapil Nanda, President and Chief Executive Officer of Infogain. “Blue Star Infotech has achieved outstanding success over recent years, and I look forward to working with its high-performance leadership and team to deliver even greater value to clients. I am extremely excited to welcome them to the growing Infogain team.”
Nanda will continue as President and Chief Executive Officer of Infogain while Sunil Bhatia will join the management team as its CEO designate, and will assume his new responsibilities as CEO of the combined entity on July 1, 2016. At that time, Nanda will transition to his role as full-time Executive Chairman.
Part of the well-known Blue Star Group, Blue Star Infotech is a listed company with its global headquarters in Mumbai
fii-news.com
Tech: RBI-SBV signed MoU to digital payments
Two central banks to cooperate in the area of financial innovation The Reserve Bank of India and the State Bank...
