M&A Deal Summary

Zensar Acquires Cynosure

On March 21, 2018, Zensar acquired information technology company Cynosure

Acquisition Highlights
  • This is Zensar’s 5th transaction in the Information Technology sector.
  • This is Zensar’s 5th transaction in the United States.
  • This is Zensar’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-03-21
Target Cynosure
Sector Information Technology
Buyer(s) Zensar
Deal Type Add-on Acquisition

Target

Cynosure

Chicago, Illinois, United States
Cynosure is a Guidewire PartnerConnect consulting partner. Cynosure focuses on providing Guidewire platform implementation services to Property and Casualty (P&C) insurance carriers. Cynosure was established in 2013 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Zensar

Pune, India
Category Company
Founded 1963
Sector Information Technology
Employees6,500
Revenue 49.0B INR (2024)
DESCRIPTION

Zensar is a digital solutions and technology services company focusing on enterprise digital transformation. The company has offerings across the digital value chain, with a proven track record of innovation delivered through its ‘Return on Digital NeXT (RoDNeXT)’ framework. Zensar was formed in 1963 and is based in Pune, India.

DEAL STATS #
Overall 8 of 9
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 7 of 8
State (Illinois) 1 of 1
Country (United States) 5 of 6
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-30 Keystone Logic Solutions Pvt.

Bangalore, India

Keystone Logic Solutions Pvt. Ltd. is a supply chain software services company. Keystone Logic Solutions Pvt. Ltd. was established in 2009 and is based in Bangalore, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Indigo Slate

Bellevue, Washington, United States

Indigo Slate, Inc. is a digital marketing focused customer experience agency. Indigo Slate transforms customer experiences making them personal, compelling, and real so that they help our clients build authentic relationships with new and existing audiences. Indigo Slate, Inc. was founded in 2006 and is based in Bellevue, Washington.

Buy -
Mergr

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