.
MergerLinks Header Logo

New Deal


Announced

Completed

Mastek completed the acquisition of Evolutionary Systems for $63m.

Financials

Edit Data
Transaction Value£48m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Software

Single Bidder

India

Completed

Friendly

cloud applications

Acquisition

Private

software solutions

Majority

it services

IT Services: Other

Domestic

Synopsis

Edit

Mastek, a digital solutions provider, completed the acquisition of Evolutionary Systems, an Oracle Platinum Partner and SaaS provider, for $63m. "We are excited to become a part of the Mastek Group. With our combined capabilities, market reach and financial resources, we are confident that we will be able to reach our strategic goals faster within this dynamic digital services organisation. We look forward to delivering enhanced value to our esteemed customers and building something special,” Umang Nahata, Evosys Co-Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US