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

Save Now, Buy Later: A New Business Model In Fintech That Is Grabbing Eyeballs
Press
Local delivery start-up Grab.in set to raise $10 million
Press
Point of Sale Sector: Projected Trends For 2024 and Beyond
Press
An Investor’s Guide To Evaluating And Investing In Early-Stage Startups
Press
BluSapphire raises $9.2mn in Series A Funding from Barings PE India, Dallas Venture Capital
Press
From RegTech to cross-border, fintech trends to watch out for in 2024
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
Addressing the Challenges in EV Financing
Blogs
Advancing Analytics with Generative AI: The Next Phase
Blogs
Revolutionizing Grooming: How New-Age Brands Are Transforming the Men's Grooming Landscape in India
Blogs
The Intersection of Fintech and the Gig Economy
Blogs
Advised Unico Retail on its Fund Raise from FLF Fund
Blogs
Advised Taurus On Its Stake Sale To Cikautxo
Blogs
No items found.
No items found.
https://thehubops.com/