DreamOrbit Acquired By Saksoft

Saksoft Limited signed an agreement to acquire majority stake in Bengaluru based DreamOrbit Softech Private Limited

Acquired By

Seller

DreamOrbit

Buyer

Saksoft

Focus Sector

IoT

Saksoft Limited, a leading digital transformation company, announced that it has signed an agreement to acquire majority stake in Bengaluru based DreamOrbit Softech Private Limited (technology solution consulting firm with a focus on providing IT services to the Logistics Industry). With this acquisition, Saksoft will further strengthen its offerings in the Digital space with special emphasis on IoT.

Speaking about this acquisition, Aditya Krishna Chairman & Managing Director, Saksoft said, “I am happy to share that with this acquisition, Saksoft has strengthened its offering in the IoT space. Also, we have added a very capable team of founders to enhance Saksoft’s overall delivery organization. With our presence in Analytics, Digital Testing, Cloud, Mobility, Application Services and IoT we are in a better position to serve our customers in their Digital Transformation journey.”

Commenting on this acquisition, Nirajkumar Ganeriwal, Chief Financial Officer, Saksoft said “Saksoft & DreamOrbit share the same vision to provide digital & innovative solutions to customers. The overall profitability of the combined entity will improve since the DreamOrbit revenues are offshore driven. This acquisition will happen in a phased manner and will be completed by 2019.”

Sanchit Jain, CEO & Abhishek Porwal, CTO, DreamOrbit in a joint statement said “We are excited to join the Saksoft Group as they provide the scale we need to grow our business. Together, our aim is to become leaders in offering software services to the logistics & transportation vertical by offering a compelling value proposition for our customers”.

About Buyer

Saksoft Group specialises in Enterprise Applications, Augmented Analytics, Intelligent Automation and Enterprise Cloud. The group is headquartered in Chennai, India, and has 16 offices across USA, Europe, and Asia, employing over 2000 employees.
www.saksoft.com

About Seller

Dreamorbit is in the business of providing Technology Solutions to the Logistics Industry. Dreamorbit has established itself as a leading Software Technology Solution company focusing on the Logistics Industry. Based in premier locations in India and the United States, it boasts skilled manpower, the best-of-its-class infrastructure and technology for Logistics, and a long list of satisfied customers in Logistics Industry.
www.dreamorbit.com

Our Transactions and Clients

Acquired By

Emids, a leader in digital engineering and transformation solutions announced the acquisition of Quovantis Technologies.

Acquired By

JLL Acquires ValuD Consulting to Give its Clients Access to Cutting-edge Technologies

Acquired By

L&T Technology Services Ltd, a leading global pure-play engineering services company, has completed the acquisition of Bengaluru-based Graphene, a provider of end to end semiconductor services.

Acquired By

AuthBridge Research Services which offers employee background screening solutions Monday said it has acquired Bengaluru-based Footprints Collateral Services.

Acquired By

Staffing services firm TeamLease Services will acquire 30 per cent stake in job portal Freshersworld.com at an enterprise valuation of Rs 18 crore, a move that will accelerate its hiring strategy.

Raised Series A

Singapore-based startup KaHa has raised US$4.5 million in funding from investors

Raised Series A

FabAlley raises $2 million in Series A funding round from India Quotient and others

Raised Series A

Two top venture capital firms, SAIF Partners and IDG Ventures India have led a Rs 27 crore round of funding in Bengaluru-based mobile social gaming startup PlaySimple Games.

Acquired By

Staffing firm TeamLease Services Limited today announced signing of a definitive agreement to acquire NichePro Technologies (NichePro) for an enterprise value of about Rs 29.5 crore.

Raised Series A

Reverie Technologies, a Bengaluru-based startup that devises local language solutions for the internet, has raised $4 million in Series A funding from Aspada Investment Company and Qualcomm Ventures.

Raised Series A

YourStory, India’s largest media tech company for entrepreneurs, big and small, today announced its Series A funding led by Kalaari Capital, with participation from Qualcomm Ventures

Acquires

Bengaluru-based ed-tech startup Simplilearn, today announced a $10 million deal to acquire Market Motive.

Raised Series C

Ed-tech startup Simplilearn secures $15M in Series C funding led by Mayfield

Raised Series B

Robosoft Technologies, a leading mobile solutions provider has secured its second round of funding from Ascent Capital

Raised Series A

Aurus Network raised $3 Million from venture capital firms Kalaari Capital and IDG Ventures India for scaling up its product offerings to other competitive exams and speed expansion into newer markets across India.

Acquisition Of Majority

Saksoft Ltd has acquired a 51 per cent stake in ThreeSixty Logica Testing Services, a privately held independent software testing service company, for an undisclosed sum to strengthen testing and quality assurance (QA) service offerings.

Acquires

Chennai-based technology services firm Aspire Systems Pvt Ltd acquires services division of SRA Systems

Acquired By

Aspire Systems acquired Hyderbad-based software services firm Versant Technology that specialises in Oracle retail solutions for an "undisclosed amount".

Raised Series B

Online education and training startup Simplilearn raises $10M from Helion Venture Partners and existing investor Kalaari Capital

Acquired By

Kellton Tech Solutions Ltd completed the 100% acquisition of Skan Dbydx Software Pvt Ltd

Acquired By

Wirkle, a Gurgaon-based mobile applications development company, has been acquired by San Francisco-based Location Labs, a leading mobile and location-based services firm.

Raised Series A

Khetal Advisors, the sole advisors who helped Simplilearn.com raise capital from Kalaari Capitalto fund its expansion plans in offering world class professional certification training.

Acquired By

Kellton Tech acquired information technology company Tekriti Software Pvt.

Acquired By

Symphony Service Corp, global software product engineering services firm, entered into an agreement to acquire Proteans Software Solutions.

Acquired By

Idhasoft acquired software company Grey Matter India Technologies Pvt.

Acquired By

TechUnified acquired by ORG in for USD 12.5 million.

Acquired By

Communications network major Havas Group has picked up the majority stake in Think Design, a leading independent user experience consultancy and design studio, for an undisclosed sum as part of its inorganic expansion plans for India.

Acquired By

Larsen & Toubro Infotech (LTI) has signed a definitive agreement to acquire Lymbyc, a specialist AI, machine learning, and advanced analytics company for an enterprise value of Rs 38 crore.

Raised Growth Capital

Marketing automation and customer-relationship platform LeadSquared has raised $3 million (Rs 21 crore at current exchange rate) in a Series A funding round led by Stakeboat Capital.

Raised Series C

B2B foodtech startup Hungerbox raises funds from Paytm as a part of ongoing Series C round.

Acquires

India-based staffing firm TeamLease Services announced that it has purchased a majority stake in India-based IMSI Staffing.

Acquired By

India-based IT and outsourcing company Kellton Tech announced that it has completed the acquisition of Tivix, a US-based firm that develops cloud-connected web and mobile applications.

Raised Series A

A full stack platform to manage Diabetes has raised Series A from Parkview, Leo Capital and Blume Ventures.