JSA advises Coforge on ₹424 crore acquisition of Rythmos

JSA represented Coforge in its acquisition of a 100% stake in Rythmos Inc. from its stake holders for an aggregate deal value of approximately ₹424 crores.

JSA assisted Coforge in all aspects of the transaction, including structuring, negotiating and finalising the definitive agreements.

The transaction team consisted of Anand Lakra (Lead Partner), Niharika Mepani (Partner), Jinay Shah (Senior Associate), and Associates – Diya Dave, Rahi Barfiwala, Ishan Saxena, and Garima Agarwal.

Sonakshi Das (Partner) and Muskan Jain (Associate) advised on Employment Law related aspects.

Associates – Maitrayi Jain, Sherin Jose, and Sankalp Inuganti advised on Data Privacy aspects.

Coforge is an Indian multinational IT company that offers software solutions and services. They provide services in many industries, including banking, healthcare, travel, and more.

Coforge is strategically expanding its technological capabilities through the acquisition of Rythmos Inc., a U.S.-based technology services provider.

This acquisition is designed to significantly enhance Coforge's data practice and cloud engineering expertise, while also providing valuable industry knowledge, particularly within the airlines sector. With Rythmos's presence in both the U.S. and India, including offices in Hyderabad and Coimbatore, this move allows Coforge to broaden its global reach and strengthen its service offerings, further solidifying its position in the competitive technology landscape.

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