CubeMatch acquires Claritaz Techlabs

Combined the businesses will have operations across Ireland, UK, Amsterdam, Frankfurt, Singapore and Chennai

Trade

(L-R) Jacob Koshy, and Tom Melville of CubeMatch – Claritaz

CubeMatch has acquired Claritaz Techlabs, a software development company that provides agile software development, digital transformation and managed services in India. Under the acquisition, the company will re-brand to CubeMatch – Claritaz.

CubeMatch offers consultancy, resource augmentation and managed services enabling change programmes to be embedded in their clients’ businesses.  The acquisition will enhance CubeMatch’s current capabilities in project delivery, development and testing.  It will also strengthen its offshoring and managed service capability.

Combined the businesses, will have more than 400 employees, 60 customers, projected FY revenues close to €32 million with operations across Ireland, UK, Amsterdam, Frankfurt, Singapore and Chennai.

Headquartered in the Chennai, India, Claritaz Tech has a team of over 60 people and is one of the leading software development companies in Chennai serving an impressive local and overseas clientele. The company’s expertise aligns with CubeMatch’s specialist financial services offerings. The existing Claritaz management team will remain in place, and existing clients will experience no change in service.

Group CEO of CubeMatch, Tom Melville, said: “The acquisition of Claritaz is hugely exciting for CubeMatch teams and is in line with our ambitious growth strategy.  We believe that Claritaz will be a great fit for CubeMatch’s clients as we enhance our service offering and suite of business solutions.  Clients are increasingly seeking guidance on how to innovate and transform their business models.  Unlocking ingenuity and making change happen at an ever-increasing pace is critical to how we service our clients.”

“Claritaz has consistently provided top software development, testing and managed services to our clients,” said Mohan Thilak, CEO of Claritaz, said: “We’re thrilled to take our team to the next level by joining CubeMatch. We not only share a commitment to quality, but we also share a strongly aligned value set that will strengthen this combined team.”

TechCentral Reporters

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