Capitalnumbers Infotech Ltd Acquires 100% Stake in Epitome Cloud Inc. for INR 40 Crore
Capitalnumbers Infotech Limited has entered into a stock purchase agreement (SPA) with Epitome Cloud Inc. to acquire 100% ownership of the US-incorporated technology services company, Epitomecloud, and its Indian subsidiary, Epitomecloud Technology Private Limited. The total consideration for this acquisition is approximately INR 40,00,00,000 (Indian Rupees Forty Crore), which is structured as a cash consideration and is subject to net working capital and other mutually agreed adjustments between the parties.The acquisition aligns with Capitalnumbers Infotech’s strategic objectives, supporting its long-term growth and capability expansion plans. The company expects the transaction to strengthen its capabilities in Salesforce-led digital transformation, expand its presence and customer access within the US market, add specialized delivery capability and domain expertise, and create opportunities for cross-selling and service adoption across existing and future clients.
The proposed acquisition is estimated to complete in 8 to 12 weeks, subject to the fulfillment of customary condition precedents agreed upon by both parties. The transaction does not involve any related party interests, nor do any promoter or group companies have interest in Epitome Cloud Inc.
Target Company Profile and Financials
Epitome Cloud Inc., established in New Jersey and incorporated in 2020, operates as a specialized technology services provider through its Indian subsidiary. The company focuses on providing digital transformation and enterprise platform services across various specializations.Key areas of specialization provided by the Target include:
- Salesforce consulting, implementation, and managed services
- Revenue lifecycle transformation (including CPQ and Contract Lifecycle Management CLM)
- Enterprise workflow and business process automation
- Supply Chain and business transformation initiatives
- Tailored platform solutions for customer experience
The core technology strengths utilized by the Target include Salesforce, Conga, Agiloft, and Onit. The company operates in both India and the United States of America.
A summary of the target entity’s turnover across three financial years is provided below:
| Financial Year | Turnover (USD) |
|---|---|
| CY 2023 | 3,281,880 |
| CY 2024 | 4,116,898 |
| CY 2025 | 2,867,087 |
The acquisition of Epitome Cloud Inc. and its subsidiary falls within the Information Technology (IT) and IT-enabled Services (ITeS) industry.
Stock Price Movement
As of 13:38, Capitalnumbers Infotech Ltd sees its stock decline, currently trading at ₹98.40 after shedding ₹1.80 or 1.80%. The shares moved within an intraday range that stretched from a low of ₹98.21 up to a high of ₹100.20.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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