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

Housing.com acquires HomeBuy360 for $2 million
Press
Merisis Advisors advised Neoteric on the acquisition
Press
Shreyas Chandra to head marketing for Merisis Opportunities Fund
Press
Save Now, Buy Later: A New Business Model In Fintech That Is Grabbing Eyeballs
Press
Merisis appoints Ruchir Kapoor to strengthen its fintech practice, wealth management foray
Press
ValueBridge Capital advises Oliveboard on its Rs.23 Cr Pre-Series A funding
Press

Suggested READS

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
ET Soonicorns Summit, Panel on 'Road to IPOs'
Press
Fintech Startups Make Noise in Point-of-Sale Segment
Press
IT Services – Q1 FY 2019 – Accenture’s Recent M&A History
Blogs
Investment activity in the Technology sector in 2013
Blogs
Decoding India's Housing Finance Landscape: Growth Drivers & Under-tapped Potential
Blogs
Merisis advises Onsitego on its fund raise from Accel
Blogs
Indian Luggage Industry – An Overview
Blogs
Decoding Growth & Investments in the Footwear Industry
Blogs
No items found.
No items found.