eClerx Services has signed a definitive agreement to acquire 100% of Agilyst Inc. (Agilyst), a closely held US based KPO Company, through its overseas subsidiary eClerx Investments. Post-acquisition, Agilyst will operate as a fully owned subsidiary of eClerx and Agilyst’s management team will continue to manage day-to-day operations. The transaction is expected to close in the near future.
The consideration for the acquisition will be all cash and includes a substantial earn out component based on Agilyst’s future performance. The transaction will be funded from eClerx's internal resources and the company is in no intention to raise any incremental capital for the same.
Agilyst is a niche pure play back office operational and analytics company focused on the North American media Industry. It was founded in 2007 and employs approximately 1,000 people, most of them in India. The company is expected to generate just under $10mm in revenues for FY2012, and is profitable. Agilyst’s services include critical error identification, customer experience analysis and end user support services.
Avendus Capital served as the exclusive financial and strategic advisor to eClerx on the transaction while MAPE Advisory Group served in the same capacity for Agilyst.
| Company Name | CMP |
|---|---|
| eClerx Services | 1630.10 |
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| Firstsource Solution | 234.10 |
| Affle 3i | 1450.95 |
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