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New Deal


Announced

Completed

Tailwind Capital-backed Material completed the acquisition of Srijan.

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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digital engineering

Private

India

Private Equity

Single Bidder

Completed

Friendly

Majority

software development

Software

Acquisition

Cross Border

Synopsis

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Tailwind Capital-backed Material, a customer experience transformation company, completed the acquisition of Srijan, a global engineering firm. Financial terms were not disclosed. "With this acquisition, we deepen our capability footprint in digital platforms, cloud, API, and data engineering to meet our clients’ evolving needs with an integrated and distributed delivery model. What really attracted us to Srijan is a shared passion for client success and their expertise in solving truly complex technology problems. I could not be more excited as we add world class digital engineering expertise to our clients’ increasing technology needs. This also gives us a stronger global presence which many of our clients have been asking us for. This acquisition deepens and extends our Science and Systems proposition and enables us to help clients transform their customer relationships given the digitally driven customer-centric imperative they face," Bill Kanarick, Material CEO.

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