Comments
IT firm Persistent Systems on Tuesday said its German subsidiary will acquire Youperience GmbH for up to €6.8 million (about Rs 53.6 crore).
Youperience GmbH is focused on Salesforce-related implementation services. Its revenues were estimated to be €3.5 million for the 12 months ended March 31.
“The proposed acquisition strengthens Persistent’s Salesforce practice in Europe and in the Salesforce Marketing Cloud domain,” Persistent Systems said in a BSE filing. The filing added that the enterprise value payable for the acquisition of 100 per cent shares of Youperience is about € 4.8 million.
“Additionally, an amount up to €2 million to be payable over two years, which is contingent on performance and retention of key management employees,” the filing said. The consideration would be in cash.
“Persistent Systems Germany GmbH, through this acquisition of Youperience, has also acquired 30 per cent shareholding in Youperience Ltd, UK, affiliate of Youperience as a part of this deal structure,” the filing said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.