M&A Deal Summary

TechnoPro Holdings Acquires Robosoft Technologies

On August 10, 2021, TechnoPro Holdings acquired information technology company Robosoft Technologies from Ascent Capital

Acquisition Highlights
  • This is TechnoPro Holdings’ 5th transaction in the Information Technology sector.
  • This is TechnoPro Holdings’ 1st transaction in India.

M&A Deal Summary

Date 2021-08-10
Target Robosoft Technologies
Sector Information Technology
Buyer(s) TechnoPro Holdings
Sellers(s) Ascent Capital
Deal Type Add-on Acquisition
Advisor(s) GCA Corp. (Financial)

Target

Robosoft Technologies

Udupi, India
Robosoft Technologies is a full-service digital experiences agency offering digital advisory, design strategy, UX/UI services, app development & maintenance and expertise in emerging technologies. Robosoft Technologies was founded in 1996 and is based in Udupi, India.

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Buyer(S) 1

Buyer

TechnoPro Holdings

Tokyo, Japan

Category Company
Founded 1995
Sector Staffing
Employees27,003
Revenue 199.9B JPY (2023)
DESCRIPTION

TechnoPro Holdings is comprised of five staffing companies, CTEC, CSI, Hitec, N&C and TPE, each specialized in specific industry sectors. As a group, the business employs over 10,000 engineers (mostly employed full-time) and dispatches them to over 1,500 customers. The business is well-diversified across industries and its engineering base covers a wide range of technologies, such as advanced medical research, new materials technology, alternative energy, hybrid vehicle design, embedded software, cloud computing, and construction engineering. TechnoPro Holdings was founded in 1995 and is based in Tokyo, Japan.


DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 5 of 5
Country (India) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Techno Live

Hiroshima City, Japan

Techno Live Co. Ltd. is a provider of Technology development support, contract development services, systems development. Techno Live employs nearly 170 engineers in Hiroshima and Tokyo, including numerous engineers with experience in embedded systems, CAE analysis, and other high-potential fields.

Buy -

Seller(S) 1

SELLER

Ascent Capital

Bangalore, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ascent Capital is a private equity firm focused on growth capital investments in promising Indian companies driven by 'visionary leadership'. In addition to providing growth financing, Ascent also helps young companies attract senior management talent and maintain high standards of corporate governance in preparation for an exit. Ascent invests in the range of $10 - $30 million per transaction. Ascent prefers investing in sectors that leverage India's outsourcing strengths, benefit form the country's infrastructure boom, and address a growing consumer market. Ascent Capital was formed in 2000 and is based in Bangalore.


DEAL STATS #
Overall 9 of 9
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (India) 9 of 9
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 CRMNEXT

Noida, India

CRMNEXT is a specialist Customer Relationship Management solutions company. Its customers include several of the largest and fastest-growing brands in the world who rely on its banking CRM, Insurance CRM and Financial Services CRM solutions for all their sales, onboarding, servicing and cross-sell needs. CRMNEXT was founded in 2001 and is based in Noida, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Acko

Bangalore, India

Acko is a digital native insurance company. Acko addresses the insurance needs of ‘digitally savvy’ consumers with its customer centric product design, instance based products, customized real time pricing and smooth claim settlement. Acko was founded in 2016 and is based in Bangalore, India.

Buy -