JSA represented Coforge in its acquisition of a 100% stake in Xceltrait Inc. from its stockholders for an aggregate deal consideration of approximately INR 155 crores subject to completion of the closing conditions. The team assisted in all aspects of the transaction, including structuring, negotiating and finalising the definitive documents.
Xceltrait offers ServiceNow based IT service management to its customers and specializes in the implementation of ServiceNow’s Financial Service Operations (FSO) and Customer Service Management (CSM) modules.
Coforge is a global IT solutions and services company, offering its clients product engineering, intelligent automation and software engineering services. Consummation of this transaction will help Coforge leverage the ServiceNow’s FSO and CSM platforms and expand across various fronts.
Deal Value: ~INR 155 crores
Our transaction team comprised Lead Partner – Anand Lakra, Partner – Niharika Mepani, Senior Associate – Jinay Shah, and Associate – Diya Dave.
Anand is an equity partner at JSA’s Mumbai office. His practice includes private and public M&A, private equity, venture capital and capital market transactions, with a particular focus on securities law matters.