Zensar Tech to acquire Keystone Logic for Rs 132 crore

Zensar Technologies, the Pune-based IT services firm, is planning to acquire Keystone Logic Solutions and its US subsidiary for Rs 132.4 crore.

Keystone Logic is Bengaluru-based company which operates in retail technology. This acquisition is expected to be done by April-end. The move is a part of Zensar’s strategic growth plan, wherein it will strengthen its technology solutions to global retail and consumer brands using Keystone’s expertise in omni-channel retail order and warehouse management.

As per reports, both companies have entered into an agreement for Zensar to acquire the business of Keystone Logic Solutions Pvt Ltd.

Keystone has developed many in-house potential in digital technology with respect to omni-channel solutions for retail and consumer clients and this deal is believed to be useful for Zensar in its overall digital transformation.

The company is planning to be a more digitally relevant in new technology era, as the clients are now decreasing their investments in traditional technologies.

This is the second acquisition by Zensar. Last year, the company had acquired UK-based Foolproof, which operates in design and consulting services for customer experience.