Avendus Capital Inc Advises TAISTech on Its Strategic Acquisition by Digility, a Mastek Company.

We see this acquisition as an opportunity to extend our Digital Commerce capability footprint and further differentiate our service offerings, providing the much needed scale to compete and win large-scale transformation programs from our existing clients as well as new markets. The innovation tools, skill excellence and passion shown by the TAISTech team, and the vision of their CTO, Aman Bedi, weighed heavily in our decision to pursue the acquisition. As a member of the Mastek family, every TAISTech employee will have career enhancement opportunities across multiple industry domains and geographies. Their addition will strengthen our group’s overall architecture and technology quotient.

The acquisition allows us to leverage Mastek’s global footprint and accelerate our expansion plans in markets such as the UK, Europe and Asia. As always, we’re committed to maintaining our strong customer relationships. Given that we now have a larger portfolio of service offerings, we are positioned to provide more innovative solutions around our core focus of Digital Commerce, thereby increasing the share of business with our esteemed customers. Joining Digility Inc. and being part of the Mastek Group of companies is the right way to foster growth at TAIS.

This transaction provides Mastek with a strong foothold in the US and the ability to benefit from the rapidly growing ecommerce marketplace while it presents TAISTech with a broader platform to maintain its rapid growth. This is our 4th transaction in the e-commerce space and we expect it to see continued M&A activity and market momentum as we move into 2017.