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M&A Deal Summary

UST Acquires Modus

On October 9, 2025, UST acquired software company Modus

Acquisition Highlights
  • This is UST’s 5th transaction in the Software sector.
  • This is UST’s 3rd transaction in India.

M&A Deal Summary
Date 2025-10-09
Target Modus
Sector Software
Buyer(s) UST
Deal Type Add-on Acquisition

Target

Modus

Bengaluru, India
Modus is a software services company that offers both differentiated services like Finacle Core Banking Solution, Software Services, Product Implementation, Business Process Transformation, and non-differentiated services such as Application / Website Development, SEO Services, Customization, Testing, and Product Support. Modus was formed in 2002 and is headquartered in Bengaluru, Karnataka.

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Buyer(S) 1

Buyer

UST

Aliso Viejo, California, United States
Category Company
Founded 1999
Sector Information Technology
Employees3,500
DESCRIPTION

UST offers digital technology solutions to Fortune 500 companies across various geographies. The company caters to technology and innovation requirements of multinational corporations providing end-to-end solutions including digital customer engagement, data analytics, cloud consulting, product engineering, automation and cybersecurity solutions. UST was founded in 1999 and is based in Aliso Viejo, California.

DEAL STATS #
Overall 20 of 20
Sector: Software M&A 5 of 5
Type: Add-on Acquisition M&A Deals 19 of 19
Country: India M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-02 Information Services Group - Automation Unit

Stamford, Connecticut, United States

Information Services Group's Automation Unit offers robotic process automation (RPA) software implementation and licensing services. Information Services Group's Automation Unit was founded in 2017 and is based in Stamford, Connecticut.

Buy $20M
Mergr

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