Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: empanelment :: VAT RATES :: articles on VAT and GST in India :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TDS :: VAT Audit :: list of goods taxed at 4%
 
 
« Mergers and Acquisitions »
 2016-17 in review: A record year for M&A deals
 Demystifying transfer pricing
 Deals of the day-Mergers and acquisitions March2017
 Expect lay-offs, fewer jobs in telecom sector despite mergers: Experts
 Mergers, acquisitions and consolidation are driving the 3PL industrya
 How Mergers & Acquisitions Could Boost
 Preparing for International Mergers and Acquisitions
 Merger control regime: CCI sharing concerns at early stages would reduce trust deficit
  Deals of the day-Mergers and acquisitions
 Oil companies’ mergers: Indian Oil Corporation chairman B Ashok says ‘Worthwhile to look at the possibilities
 It's complicated: Regulatory hurdles that Vodafone-Idea merger could face

Cloud firm GAVS to double headcount with M&A
March, 05th 2016

Cloud and managed infrastructure services firm, GAVS Technologies has finalized an acquisition, to be funded by its investor Basil Partners.

The deal, in advanced stages, is likely to be announced in a few weeks.

Small tech companies are active in the mergers and acquisitions space in a bid to consolidate and grow in size. "The Indian tech ecosystem has certainly been on a high in recent years with increased integration across all industries. With start-ups mushrooming in the country to offer enhanced product offerings and personalized services, India's technology industry is poised to rapidly mature in terms of the talent pool and level of services," said EY in a report.

"GAVS is at an advance stage of an M&A with another company, i.e. in the Basil Portfolio. This company has operations in the US for the last 10 years and has among its clients, a few Fortune 5 companies and has been wor king with them in the areas of risk and governance, identity access management and automation testing," said Sumit Ganguli, CEO, GAVS Technologies. He did not divulge details of the target company.

The target entity has presence in the north east in the US and has development centers at Noida and Hyderabad, he said. "Therefore the merged entity will have a pan India presence and will double GAVS' headcount, which is presently shy of 1,000 persons," Ganguli said.

"GAVS and the merged entity are aiming to be a $100 million (Rs 672.92 lakh) company within the next 24 months with 10% to 15% EBITDA."

Basil Partners being common investors in both companies will fund the acquisition for GAVS.

The transaction is expected to be part stock and part cash. "Basil has recently acquired majority shares in GAVS and we are looking at couple of other companies with expertise in analytics and one vertical, may be healthcare," Ganguli added.

Upon completion of the transaction, Basil will be able to find an exit for its investments over the next two to three years, when GAVS goes for a public listing.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions