Ascendion Engineering Private Limited has acquired 100% stake in Nitor Infotech Private Limited for an undisclosed amount.

JSA assisted Nitor Infotech and its shareholders, including Sanjeev Fadnavis, in this transaction. The transaction involved extensive negotiations and discussions with Ascendion India and JSA was involved in all aspects of the transaction which involved negotiating transaction documents on behalf of the Sellers and advising on the structure to be adopted.

The transaction team consisted of Archana Tewary (Partner) and Soham Roy (Senior Associate).

Nitor is a leading software product development company in India. It is engaged in the business of providing software product development and platform development services to its clients that are independent software vendors, platforms as well as enterprises. Nitor's services include – UI/UX, architecting, design and development, quality engineering & test automation, data engineering, cloud engineering and DevOps services.

Ascendion India is a part of the Ascnedion group based out of New Jersey, United States of America. The Ascendion group is a leading technology company in the US.

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