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Announced

Completed

Ness completed the acquisition of Niyuj.

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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Completed

Private

Digital Services

Single Bidder

Friendly

Majority

Acquisition

digital infrastructure

India

Cross Border

Synopsis

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Ness, a digital services transformation company, completed the acquisition of Niyuj, a provider of software product engineering services. Financial terms were not disclosed. “Niyuj is well positioned to take advantage of the acceleration from hardware centric devices to cloud based services in digital infrastructure solutions. Their core competence in product engineering coupled with their domain expertise in building software solutions for digital infrastructure companies will enhance our strategic focus on specific industry domains, and in particular our Technology and ISV vertical," Ranjit Tinaikar, Ness CEO.

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