Add-on Acquisition • Information Technology

TeamLease Acquires Keystone Business Solutions Pvt.

On January 16, 2017, TeamLease acquired information technology company Keystone Business Solutions Pvt. for 82M INR

Acquisition Context
  • This is TeamLease’s 1st transaction in the Information Technology sector.
  • This is TeamLease’s 2nd largest (disclosed) transaction.
  • This is TeamLease’s 3rd transaction in India.

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M&A Deal Summary

Date January 16, 2017
Target Keystone Business Solutions Pvt.
Sector Information Technology
Buyer(s) TeamLease
Deal Type Add-on Acquisition
Deal Value 82M INR

Target Company

Keystone Business Solutions Pvt.

Bangalore,, India
Keystone Business Solutions Pvt. Ltd. is a pure play IT services organization specializing in delivering solutions in Mobility, Analytics, Integration and Testing. 'Engineering Predictability' is our Core competence. Company deliver whats important to you, the right blend of cost, quality, schedule & innovation, consistently over time.
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Buyer Overview 1

Buyer

TeamLease

Bengaluru, India

Category Company
Founded 2000
Sector Staffing
Employees2,263
Revenue 110.9B INR (2025)
DESCRIPTION

TeamLease is a staffing company and has tied up with employment exchanges across 10 states in India. TeamLease was founded in 2002 and is based in Bengaluru, Karnataka.


Deal Context for Buyer #
Overall 3 of 5
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 3 of 4
Country: India 3 of 5
Year: 2017 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 Nichepro Technologies Pvt.

Bangalore, India

Nichepro Technologies Pvt. Ltd. is a staffing provider to reputed MNC’S and niche product companies. Nichepro was established in 2008 and is headquartered in Bangalore, India.

Buy Rs30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-29 Freshersworld.com

Bangalore, India

Freshersworld is the major job site for entry level hiring in India with about 4 million unique visits every month. It has a database of 1 crore+ resumes with over 2 lakh resumes added every month. Freshersworld dominates its competitors in fresh hire segment with an organic traffic of over 90% and is ranked among the Press Release, May 29th, 2017 Top 5 hiring portals in India in terms of traffic (as per Alexa). It has over 60,000 registered employers/ recruiters with 4,000 subscribed customers and conducts 100+ virtual recruitment drives every month. Freshersworld is one of the very few online portals with positive margins and operating cashflows.

Buy -