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New Deal


Announced

ITC Infotech to acquire Blazeclan Technologies.

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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India

software company

Friendly

Domestic

Majority

Software

Single Bidder

Pending

Acquisition

Private

Synopsis

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ITC Infotech, a global technology services and solutions provider, agreed to acquire Blazeclan Technologies, a born-in-the-cloud consulting company providing Cloud services on AWS, Azure and GCP. Financial terms were not disclosed. "I am thrilled to announce the next chapter for Blazeclan as we join the ITC Infotech family. Our shared commitment to people-centric values, customer obsession, and global excellence align seamlessly. With ITC Infotech's rich technical expertise, we are poised to elevate our capabilities and better serve our customers. Blazeclan's expertise in cloud and modernization combined with ITC Infotech's strengths creates a winning formula. This partnership promises excitement and growth for both organizations, our valued partners, customers and dedicated employees. Together, we are embarking on a journey of innovation, growth, and mature enterprise solutions," Varoon Rajani, Blazeclan Founder & Chief Executive Officer.

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