Zensar to buy digital commerce firm Keystone Logic for about Rs 132 crore
BENGALURU: Zensar said it would buy Keystone Logic Inc for about Rs 132 crore as it looks to build out its digital commerce capabilities.
Keystone Logic has about 210 consultants and helps companies with their warehouse and order management implementations. In FY16, it reported revenue of about Rs 83 crore.
“Keystone’s market leadership in Omnichannel and Order Management and the strong management team leading the business, are strategic to Zensar’s plan to increase market share in Digital Commerce. The integrated proposition of the two companies will augment the value Zensar delivers to its Retail and Consumer clients,” Harsh Goenka, chairman of Zensar and the RPG Group, said in a statement.
In November, Zensar bought UK user design company Foolproof. In 2014, it bought e-commerce technology firm Professional Access.
Keystone Logic will continue to be managed by its founder and CEO Ravi Joshi. Keystone’s management team and all their associates based in Atlanta and Bangalore will become a part of Zensar’s Global Digital Commerce Services business unit.
The acquisition will be funded through internal accruals and will add to earnings, Zensar said in a statement. The acquisition is expected to close in the first week of April.
Keystone Logic has about 210 consultants and helps companies with their warehouse and order management implementations. In FY16, it reported revenue of about Rs 83 crore.
“Keystone’s market leadership in Omnichannel and Order Management and the strong management team leading the business, are strategic to Zensar’s plan to increase market share in Digital Commerce. The integrated proposition of the two companies will augment the value Zensar delivers to its Retail and Consumer clients,” Harsh Goenka, chairman of Zensar and the RPG Group, said in a statement.
In November, Zensar bought UK user design company Foolproof. In 2014, it bought e-commerce technology firm Professional Access.
Keystone Logic will continue to be managed by its founder and CEO Ravi Joshi. Keystone’s management team and all their associates based in Atlanta and Bangalore will become a part of Zensar’s Global Digital Commerce Services business unit.
The acquisition will be funded through internal accruals and will add to earnings, Zensar said in a statement. The acquisition is expected to close in the first week of April.
