Zensar Technologies (UK) Ltd., a wholly owned subsidiary Company of Zensar Technologies Limited, an RPG Company and the shareholders of Foolproof Ltd has recently announced that they have entered into a definitive agreement for Zensar to acquire Foolproof Limited along with its two wholly owned subsidiary companies in UK and one wholly owned subsidiary company in Singapore for an undisclosed sum.
Under the terms of the agreement, Foolproof will now be a wholly-owned subsidiary of Zensar Technologies (UK) Ltd. The deal will be financed by internal accruals, and will be EPS positive for the company.
Announcing the acquisition, Harsh Goenka, Chairman of RPG Enterprises and Zensar, said, “Foolproof’s market leadership in experience design and the strong management team at its helm are strategic to Zensar’s plan to increase market share in this increasingly pertinent space. The integrated proposition of the two companies will augment the value Zensar delivers to clients.”
With Foolproof’s leadership in experience design, and Zensar’s proven track record in digital transformation programs, the company is well positioned to be an end-to-end digital transformation services partner for its clients keen to maximise their Return on Digital by focusing on the key aspects of e-Commerce, customer experience and application management.