Now Udupi’s Robosoft to be part of Japan’s TechnoPro Group
Udupi, India: August 10, 2021: Udupi-based Robosoft Technologies today signed a definitive agreement with TechnoPro Holdings, Inc for the sale of a 100% stake in the Company.
Robosoft, a leading provider of digital transformation solutions for enterprises, will continue to be led by its current management team, headed by Chief Executive Officer, Ravi Teja Bommireddipalli. He has been elevated as Managing Director and CEO.
With over two decades of experience in digital platform development, the Company is uniquely placed to have witnessed dramatic shifts in the digital world. The Company offers end-to-end solutions in product advisory, design, engineering, and analytics.
“Robosoft has had a phenomenal journey over the last two decades and has grown by leaps and bounds during this period. The partnership with Ascent Capital and Kalaari Capital heralded a strong growth era for us and I am very happy that we are handing over the reins of the Company to a global player like TechnoPro” Rohith Bhat, Founder and Managing Director of Robosoft said.
“TechnoPro is delighted to invest in Robosoft, an innovative leader in the Digital Transformation space. We are excited by Robosoft’s rapid growth, strong leadership team, expertise in emerging technologies, and deeply integrated customer relationships” said Takeshi Yagi, President, Representative Director, and CEO, TechnoPro.
“We look forward to a close collaboration with Robosoft in the company’s next phase of growth and see tremendous synergies between TechnoPro and Robosoft,” he said.
Ravi Teja Bommireddipalli, CEO of Robosoft said the transaction represents a strategic evolution for Robosoft and a unique opportunity to take the business to new heights at a time of accelerating digital adoption.
“Partnership with TechnoPro will provide us new opportunities to grow in Japan which is on a path of Digital Transformation while continuing to expand in our core markets of US, Europe, and India through our unique “Emotional Design Thinking” approach. This is a strong validation of Robosoft’s vision and strategy and our strong track record. We will continue to innovate and drive digital transformation for our clients worldwide,” he added.
GCA acted as exclusive Financial Advisor to Robosoft and its shareholders, Indus Law and Anoma Legal acted as Legal Advisors, and KPMG, Deloitte, and PwC acted as Due Diligence and Transaction Tax advisors respectively.
Robosoft is a full-service digital transformation company, with a mission to Simplify Lives.
The Company’s key services include product advisory, design, engineering, and analytics. Robosoft started as a software developer in 1996. In 2008, it was one of the pioneers to offer mobile app development as a service. Since then it has expanded its bouquet of services to emerging as an end-to-end digital transformation company. The Company has a strong technology stack including backend, middleware, front-end, and analytics. It crafts digital solutions across mobile, web, wearables, and smart TV. It has proven expertise in using emerging technologies such as voice IOT, AR, VR, AI, and ML. Robosoft is headquartered in Udupi, India with additional delivery centers in Mumbai and Bengaluru and sales offices in the US and Japan. The Company employs ~1,000 people and services marquee customers in the US, Japan, EMEA, and India.
TechnoPro Holdings, Inc., listed on Tokyo Stock Exchange, is a holding company of TechnoPro Group, which specializes in IT, engineering, and R&D. With more than 20,000 engineers and researchers, TechnoPro Group is one of Japan’s largest technology solutions groups. As an industry leader, it provides full support for technical development and R&D to 2,000 companies including major corporations, universities, and research organizations through the collective efforts of its seasoned professionals in fields such as information systems, software, machinery, electronics, chemistry, biotechnology, pharmaceuticals, architecture, construction, and energy.
