Keystone Logic: Zensar Technologies to acquire Keystone Logic for Rs 132 cr

Pune-based IT services firm Zensar Technologies said it would acquire Bengaluru-based retail technology provider Keystone Logic Solutions and its US subsidiary for Rs 132.4 croreWith this acquisition, to be completed by April, Zensar, the IT services arm of RPG Group, aims to strengthen its technology solutions to global retail and consumer brands using Keystone's expertise on omni-channel retail order and warehouse management. "Zensar Technologies and Keystone Logic have entered into a definitive agreement for Zensar to acquire the business of Keystone Logic Solutions Pvt Ltd. In addition, Zensar Technologies Inc., a wholly-owned subsidiary of Zensar will acquire Keystone Logic Inc., a wholly-owned subsidiary of Keystone, in Atlanta, US," said the company in a press statement. The Pune-based mid-size software services firm believes this acquisition will help in overall digital transformation of its clients. Currently, a fourth of Zensar's revenue comes from retail and consumer ...