Pune based IT services firm Zensar
Technologies would acquire Bangalore based retail technology provider Keystone
Logic Solutions and its US subsidiary for Rs 132.4 crore. Zensar, the IT
services arm of RPG Group, aims to strengthen its technology solutions to global
retail and consumer brands using keystone expertise on omni channel retail
order and warehouse management.
The Pune based mid-size software
services firm believes this acquisition will help in the overall digital
transformation of its clients. Currently, a fourth of Zensar revenue comes from
retail and consumer segment. Keystone has built a lot of in-house capabilities
in digital technology towards omni channel solutions for retail and consumer
clients. This deal will play an important role also because their services do
not overlap with Zensar current offerings.
The company is focusing on becoming
more digitally relevant with acquisitions in new technology areas as clients
are reducing their investments towards traditional technology. This is the
second acquisition by the company this fiscal after it bought UK based
Foolproof, which provides design and consulting services for customer
experience.
No comments:
Post a Comment