Khetal Advisors facilitates acquisition of Versant by Aspire Systems

By : |December 23, 2013 0

BANGALORE, INDIA: Khetal Advisors, India’s leading boutique investment banking firm, recently facilitated the 100 percent acquisition of Hyderabad-based IT firm, Versant Technologies Pvt Ltd by Aspire Systems.

This is the third transaction which Khetal Advisors have participated in FY2013 providing complete transactional support, including preparation and marketing of the collaterals and structuring of the final transaction documentation.

With this acquisition, Aspire Systems will have complete access to Versant Technologies’ service portfolio of Oracle retail practice and EDI practice and client base across its offices in US and Middle East. Aspire Systems will be leveraging Versant Technologies’ leadership position in Retail Oracle Implementation and Services in the Middle East and expand its capacities across the globe.

Shashwat Kumar, partner, Khetal Advisors, said: “Versant is a market leader in Oracle Implementation & Services in the Retail space; it boasts of several marquee clients in the Middle East region having executed complex multi-store rollouts of the Oracle Suite of Products for Retail Businesses. Aspire would be able to leverage this unique expertise and broaden their service offerings. Aspire would also, be adding several marquee customers in the Middle East region and be able to expand their traditional Outsource Product Development Services to a new range of customers.”

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