M&A Deal Summary

DXC Technology Acquires AppLabs Technologies Pvt.

On September 14, 2011, DXC Technology acquired software company AppLabs Technologies Pvt. from WestBridge Capital Partners

Acquisition Highlights
  • This is DXC Technology’s 4th transaction in the Software sector.
  • This is DXC Technology’s 13th transaction in the United States.
  • This is DXC Technology’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2011-09-14
Target AppLabs Technologies Pvt.
Sector Software
Buyer(s) DXC Technology
Sellers(s) WestBridge Capital Partners
Deal Type Add-on Acquisition
Advisor(s) UBS Investment Bank (Financial)

Target

AppLabs Technologies Pvt.

Philadelphia, Pennsylvania, United States
AppLabs Technologies Pvt. Ltd. is a software testing, quality assurance and custom application development services provider.

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Buyer(S) 1

Buyer

DXC Technology

Ashburn, Virginia, United States

Category Company
Founded 1959
Sector Information Technology
Employees130,000
Revenue 13.7B USD (2024)
DESCRIPTION

DXC Technology is an end-to-end IT services company, serving nearly 6,000 private and public sector clients from a diverse array of industries across 70 countries. The company's technology independence, global talent and extensive partner network help clients harness the power of innovation to thrive on change and guide their digital transformation journeys. DXC Technology was founded in 1959 and is based in Ashburn, Virginia.


DEAL STATS #
Overall 16 of 44
Sector (Software) 4 of 6
Type (Add-on Acquisition) 15 of 41
State (Pennsylvania) 1 of 1
Country (United States) 13 of 25
Year (2011) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Maricom Systems

Baltimore, Maryland, United States

Maricom Systems, Inc. is a provider of business intelligence and data management solutions that support mission-critical health information technology (IT) systems within the U.S. Department of Health and Human Services (HHS).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-07 MLM Information Services

New York, New York, United States

MLM Information Services, LLC, was formed in 2005 to invest in information service companies with a long-term view to value creation. To date, MLM has acquired two leading vendors of corporate tax compliance software: CORPTAX and Tax Compliance, Inc (?TCI?). CORPTAX provides corporate income tax software and related support and integration services primarily to Fortune 500 companies. TCI develops, markets and supports real and personal property tax compliance software.

Buy -

Seller(S) 1

SELLER

WestBridge Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

WestBridge Capital Partners, LLC is a private investment firm focused on growth-oriented opportunities across India. WestBridge looks to partner alongside promising mid-sized companies and typically seeks to commit $10 to $80 million of minority capital per transaction. WestBridge Capital Partners is based in Ebene, Mauritius.


DEAL STATS #
Overall 4 of 11
Sector (Software) 1 of 2
Type (Add-on Acquisition) 4 of 6
State (Pennsylvania) 2 of 2
Country (United States) 3 of 3
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-18 TutorVista Global Pvt.

Bengaluru, India

TutorVista Global Pvt. Ltd. is an online tutoring company, that offers test preparation help, homework help, supplemental tutoring and expert assistance before tests. TutorVista Global Pvt. Ltd. was established in 2005 and is headquartered in Bengaluru, India.

Sell $127M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Edelweiss Financial Services

Mumbai, India

Edelweiss Financial Services is an Indian domestic brokerage house and is fast emerging as a diversified financial services conglomerate. Edelweiss Financial Services was founded in 1995 and is based in Mumbai, India.

Buy -