eMudhra Inc, wholly owned subsidiary company of eMudhra Limited has signed the agreement to acquire 100% ownership of USA based digital transformation solution and services company, TWO95 International Inc, New Jersey. eMudhra Inc acquires 100% stake of TWO95 International Inc for a consideration of US $ 10.1 million. The company informs the exchange on June 28.
eMudhra has established a strong footprint in India and emerging markets with marquee reference customers. Since TWO95 has been in existence for the past 15 years and is engaged in digital transformation and cyber security related IT business, (similar line as eMudhra) acquisition of TWO95 will:
- Increase revenue base in USA
- Augment talent to drive customer engagement
- Enhance local support to ensure streamlined delivery
- Improve customer base for cross selling/ upselling of company’s product and services.
About TWO95 International Inc
Incorporated in 2009, TWO95 is a technology company in New Jersey, USA, specialising in digital transformation and cyber security. TWO95 is in the business of providing consulting, solutioning and technology services in Cybersecurity, digital transformation with an industry focus of Healthcare, Utilities, Financial Services and Government. The revenue from digital transformation and cyber security services during the year ended December 31, 2023 amounted to USD 7.6 million.
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