Saksoft Limited — M&A Activity 2024

Dec 21, 2024

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December 21, 2024

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The Listing/Compliance Department The Listing/Compliance Department
The National Stock Exchange of India Limited BSE Limited
“Exchange Plaza” Floor No.25, Phiroze JeejeebhoyTowers,
Dalal
Bandra Kurla Complex, Bandra (E) Street,
Mumbai – 400 051 Mumbai – 400 001
Stock Code: SAKSOFT Stock Code: 590051
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Subject: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”)

Dear Sir/Madam,

In connection with the recent acquisition of M/s. Zetechno Products and Services Private Limited by M/s. Saksoft Limited, please find enclosed a Press Release.

We request you to take the above information on record.

Thanking you,

For Saksoft Limited

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Ms. Meera Venkatramanan Company Secretary

Encl.: As above

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Chennai, India – December 21, 2024 – Saksoft, a leading technology services provider, today announced its acquisition of ZeTechno, a Hyderabad-based ServiceNow partner specializing in digital transformation services. This strategic move will enhance Saksoft's capabilities in ServiceNow implementation, consulting, and custom application development, further solidifying its position as a trusted partner in enterprise digital transformation.

Founded in 2017 by Vidyasagar Patro, ZeTechno has been delivering standout digital experiences across the ServiceNow Technology, Customer, Employee and custom workflows. Their expertise helps organizations streamline operations, optimize customer interactions, and make data-driven decisions to achieve better business outcomes.

“We are delighted to welcome ZeTechno to the Saksoft family,” said Mr. Aditya Krishna, Chairman and Managing Director, Saksoft. “ZeTechno’s expertise in ServiceNow, combined with Saksoft’s deep industry knowledge, creates a powerful synergy that enables us to deliver end-to-end solutions for our clients. This collaboration allows us to drive innovation and measurable results, fostering stronger relationships with our customers.”

Vidyasagar Patro, Founder and CEO of ZeTechno, shared his excitement about the acquisition: “Joining Saksoft marks an incredible milestone for ZeTechno. Together, we are well-positioned to provide comprehensive ServiceNow solutions that address the unique needs of clients across industries.”

Niraj Ganeriwal, COO and CFO of Saksoft, added, “This acquisition strengthens Saksoft’s ability to deliver impactful digital transformation services by leveraging ZeTechno’s strong technical expertise and proven track record. It also underscores our commitment to expanding our cloud and platform offerings while unlocking significant synergies that will benefit our clients.”

The transaction is expected to close within the next four weeks, subject to customary closing conditions. This partnership highlights Saksoft’s focus on becoming a comprehensive digital transformation partner with a robust portfolio of solutions spanning cloud, data, AI, and enterprise platforms.

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