Merisis advises Clarice Technologies on its sale to Globant

May 14, 2015
Enterprise Tech and Services
Press

AHMEDABAD: Globant, an Argentine IT and software development firm focused on innovative products, has acquired Pune-based product engineering firm Clarice Technologies in a deal estimated at $20-25 million.

It's a complete acquisition with a transition phase of three years, said Sandeep Chawda, co-founder and CEO at Clarice Technologies. He said the deal was closed on May 14.

Investment banker Merisis Advisors helped close the deal.Sumir Verma, MD at Merisis Advisors, said Globant currently has delivery centres across South America, and one in Vietnam.

"However, to set up a delivery centre of scale, companies like Globant have no choice but to come to India," he said.

Both Clarice and Merisis declined to share the deal size, citing confidentiality clause. People close to the deal pegged it at $20-25 million, or approximately Rs 125-160 crore.

AUTHORS

No items found.

Suggested READS

Driving Investments: Key trends in transportation and cleantech for 2024
Press
Housing.com acquires HomeBuy360 for $2 million
Press
Merisis at D2C Global Selling Summit, Bengaluru
Press
Venture capitalists add tough riders to fund-raising pacts
Press
Merisis partnered fintech startup Open raises $250k from PayU India’s Amrish Rau & Jitendra Gupta
Press
Startup M&A Trends - CNBC's Nisha Poddar Interviews Sumir Verma
Press

Suggested READS

Merisis Group’s ValueBridge Capital Acquires Boon Capital to Strengthen Early-Stage Fundraising Advisory
Press
M&A Activity in IT Services: Key Trends in 2025 Shaping the Industry’s Future
Press
Enterprise Tech Insights 2024: Unveiling Top Investor Trends Shaping the Digital Landscape
Press
Driving Investments: Key trends in transportation and cleantech for 2024
Press
From RegTech to cross-border, fintech trends to watch out for in 2024
Press
Point of Sale Sector: Projected Trends For 2024 and Beyond
Press
From Fossil Fuels to Green Hydrogen: Funding the Shift Towards Clean Energy
Blogs
From Traditional to Digital: The Evolution of B2B Marketplaces
Blogs
Investment activity in the Technology sector in 2013
Blogs
TMT Bankers in Demand – Increasing Trend of using Investment bankers in Technology Deals
Blogs
Consumer Spotlight Q3 FY 2016 – M&A and Private Equity Perspective on the Consumer Sector in India
Blogs
Consumer Spotlight Q2 FY 2016 – M&A and Private Equity Perspective on the Consumer Sector in India
Blogs
No items found.
No items found.
https://thehubops.com/