Zensar Buys US-based Indigo Slate | CORPORATE ETHOS

Zensar Buys US-based Indigo Slate

By: | July 27, 2018

Jul 27: Zensar Technologies Ltd, an RPG Group company, and the management of Indigo Slate, on Friday announced that they have entered into a definitive agreement to acquire US West Coast based Indigo Slate.

Indigo Slate is a US-based digital marketing focused customer experience agency with revenues of approximately $20 M in fiscal 2018.

“The addition of Indigo Slate will strengthen Zensar’s capabilities in this fast-growing segment. In fiscal 2017, Zensar had acquired Foolproof Ltd, a UK based Digital experience firm to build its digital services business. Indigo Slate adds digital marketing expertise in the US, strengthening and broadening Zensar’s US based customer experience and digital transformation capabilities,” Zensar said.

Zensar Technologies Inc. will acquire the entire share capital of Indigo Slate which will be funded by a mix of internal accruals and external debt.

Commenting on the acquisition, Harsh Goenka, Chairman of RPG Enterprises and Zensar, said, “digital services is pivoting the overall growth of Zensar. We acquired Foolproof in UK in 2016 to bring in the capabilities in the Digital Experience Design space. Now, with Indigo Slate on board, we look forward to bringing in more value to our global customers who rely on Zensar to deliver long-lasting digital transformation strategies.”