MethodHub Software Ltd. to Acquire 100% Stake in Leo Technology Ventures Inc.
MethodHub Software Ltd. announced that its Board of Directors approved the acquisition of a 100% equity stake in Leo Technology Ventures Inc. from Ideascaler Holdings LLC. Leo Technology Ventures Inc. is a company incorporated in Delaware with its registered office at 8 The Green Ste A, Dover, Delaware 19901.The acquisition will involve the purchase of 10,000 shares for a total consideration of USD 0.71 million, which is approximately INR 65.46 million. The Board meeting commenced at 11:00 AM (IST) and concluded at 11:15 AM (IST).
Leo Technology Ventures Inc., incorporated on March 1, 2021, operates in the Information Technology (IT) Services sector, providing software consultancy, application development, implementation, and support services. The company's revenue for the last three years was USD 4.443 million in 2023, USD 2.982 million in 2024, and USD 3.142 million in 2025. The company is incorporated in Delaware, USA and has 80% equity shareholding in S&R Professionals LLC. USA. Following the acquisition, S&R Professionals LLC. will become a step-down subsidiary of MethodHub Software Limited.
The acquisition is expected to be completed within 30 days.
Table: Key Details of the Acquisition
| Particulars | Details |
|---|---|
| Target Entity | Leo Technology Ventures Inc. |
| Size & Turnover | USD 3.142 Million |
| Industry | Information Technology (IT) Services |
| Acquisition Reason | Inorganic Growth, Customer Engagements |
| Governmental/Regulatory Approvals | Not Applicable |
| Completion Timeframe | Within 30 days |
| Consideration | Cash |
| Acquisition Cost | USD 0.71 million (approximately INR 65.46 million) |
| Shareholding Acquired | 100% (10,000 shares) |
| Date of Incorporation | March 1, 2021 |
| Registered Office | 8 The Green Ste A, Dover, Delaware 19901 |
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