Interra IT Acquired By FERFIER

SBCDC picked up a majority stake in automobile-focus IT services firm Interra IT for $7.5 million

Acquired By

Seller

Interra IT

Buyer

Ferfier

Focus Sector

Digital Transformation

SBCDC acquires Interra IT for $7.5 million

Stakeboat Capital-backed IT services firm SBCDC Software Private Limited, which specializes in niche IT services segments as well as engineering design, has completed its first strategic acquisition.

SBCDC picked up a majority stake in automobile-focus IT services firm Interra IT, the people said. The Deal is likely worth $7.5 million said one of the people seeking anonymity.

Since its investment in Bengaluru-Based SBCDC, the mid market private equity had been trying to strengthen the firm’s core businesses via- strategicacquisitions.

A stakeboat spokeperson confirmed the developement. “Our vision was to build a top-tier platform that offers high-end services to businesses in the automobile and healthcare sectors. Interra IT garners a bulk of its revenue from these sectors, positioning it as a favour-firm can deliver high double-digit margin on a steady state basis,” he added.

With a workforce of around 350 employees, Interra IT offers product engineering, application development and infrastructure management solutions, catering to automobile, healthare and retail sectors. Its has presence in the US, the UK and Australia.

The firm had posted consolidated net sales of 40 crore in FY22, compared to 26 crore a year ago. Interra IT also turned profitable in FY22, according to VCCEdge.

About Buyer

Ferfier Technologies are pioneers in Digital Engineering Services. It transform the Mobility and Manufacturing domains using technology. Its a portfolio company of Stakeboat Capital and a leading provider of AI-driven SaaS, cloud-native applications, and digital transformation solutions to improve efficiency, scalability, and business impact.
www.ferfier.com

About Seller

InterraIT is leader in Digital Engineering services focused on Mobility and Manufacturing space with over two decades of experience, we help our customers in their Digital Transformation and Modernization journey with cutting-edge technology, enabling them to transform, grow, and thrive in a dynamic digital era.
www.interrait.com

I am pleased to select Khetal Advisors as our M&A partner in the selling of 100% stake in the company InterraIT. This was the first adventure for me and my partner, and there were a lot of emotions. We talked with a few potential partners and ultimately decided on Khetal primarily because of the professionalism of Shashwat and his team. Vinayak was my primary contact, and he came up with flying colors. He was highly professional, we got into a lot of intense discussions, but he was always professional, always stayed calm, stayed focus, and concentrated on finding solutions. Whenever needed, Shashwat also stepped in to assist. After the deal was over, I would say that Vinayak became my good friend. I strongly recommend that Khetal should be considered as M&A partner. Selecting Khetal Advisors was undoubtedly the best decision I made throughout this entire process.

Mr. Asoke Laha

(President and CEO - Interra IT)

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