TechnoPro of Japan acquires Udupi-based Robosoft for Rs 805 crore

Team Udayavani, Aug 10, 2021, 2:07 PM IST

Udupi: Udupi-based Robosoft has signed a definitive agreement with Technopro Holdings Inc., one of Japan’s largest technical staffing service firms for the sale of a 100% stake in the company.

Robosoft Technologies Pvt Ltd, a leading provider of digital transformation solutions for enterprises was found by Rohith Bhat in 1996. The company employs over 1,000 people and reported a profit of Rs 49.4 crore and Rs 184 crore in revenue in FY21.

Robosoft provides one-stop digital solutions such as digital advisory, UI/UX design, engineering services, analytics, middle/back-end development to customers located in the United States and Europe, Japan and India. with delivery centres in Japan and the US, apart from India.

According to TechnoPro, the purpose of the Share Acquisition is to promote this growth strategy by acquiring the Indian offshore core hub and the capability of technology and solution in a digital field.

Robosoft will continue to be led by its current management team, headed by Chief Executive Officer Ravi Teja Bommireddipalli, who is also being elevated to Managing Director and CEO.

Rohith Bhat, Founder & Managing Director of Robosoft said, “Robosoft has had a phenomenal journey over the last two decades and has grown by leaps and bounds during this period. The partnership with Ascent Capital and Kalaari Capital heralded a strong growth era for us and I am very happy that we are handing over the reins of the Company to a global player like TechnoPro.”

“We look forward to a close collaboration with Robosoft in the company’s next phase of growth and see tremendous synergies between TechnoPro and Robosoft,” said Takeshi Yagi, President, Representative Director and CEO, TechnoPro.

Ravi Teja Bommireddipalli, CEO of Robosoft said, “Partnership with TechnoPro will provide us new opportunities to grow in Japan which is on a path of Digital Transformation while continuing to expand in our core markets of US, Europe and India. This is a strong validation of Robosoft’s vision and strategy and our strong track record. We will continue to innovate and drive digital transformation for our clients worldwide.”