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Announced

JNIT to acquire Motivity Labs from Naya Ventures.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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artificial intelligence

Acquisition

India

Single Bidder

Majority

Merger

Pending

Friendly

Venture Capital

innovation platform

Software

Private

Private Equity

Synopsis

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JNIT, a provider of technology services, agreed to acquire Motivity Labs, a provider of technology innovation platforms, from Naya Ventures, an early-stage venture capital firm. Financial terms were not disclosed. "We provide capital, mentoring, networking, business development, accelerate value creation for all stakeholders including the start-ups and investors. We at JNIT are excited to welcome the 400-person strong Motivity Labs team, the combined team shall double-down in its efforts to deliver world class innovation to F500 companies," Joe Thumma, JNIT CEO.

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