M&A Deal Summary

Saksoft Acquires Augmento Labs

On June 13, 2024, Saksoft acquired information technology company Augmento Labs

Acquisition Highlights
  • This is Saksoft’s 3rd transaction in the Information Technology sector.
  • This is Saksoft’s 4th transaction in India.

M&A Deal Summary
Date 2024-06-13
Target Augmento Labs
Sector Information Technology
Buyer(s) Saksoft
Deal Type Add-on Acquisition

Target

Augmento Labs

Bengaluru, India
Augmento Labs is an IT consultancy firm that specializes in providing unique scalable solutions driven by innovation and cutting-edge technologies. Augmento Labs was formed in 2019 and is headquartered in Bengaluru, India.

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Buyer(S) 1

Buyer

Saksoft

Chennai, India
Category Company
Founded 1999
Sector Information Technology
Employees1,946
Revenue 7.6B INR (2024)
DESCRIPTION

Saksoft is a provider of business intelligence and software solutions to the financial services industry. Saksoft include software products, custom solutions, testing services and resource augmentation services to a global clientele. Saksoft was founded in 1999 and is based in Chennai, India.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 6 of 6
Country (India) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 Solveda

Mineola, United States

Solveda is a software design and development company with niche expertise in cutting edge E- commerce applications catering to B2B and B2C customers. Solveda offers complete project delivery of E-commerce applications by utilizing pre-built artefacts and accelerators thus reducing time to market and costs for customers. Solveda was founded in 1995 and is based in Mineola, New York.

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