eClerx to acquire Personiv

eClerx LLC, USA, a Wholly Owned Subsidiary (WOS) of eClerx Services Limited ("eClerx") has entered in to a Share/Membership Interest Purchase Agreement to acquire 100% shares/membership interest of Eclipse Global Holdings LLC (dba Personiv), a Delaware Limited Liability Company headquartered in Austin, Texas, USA, along with all of its subsidiaries (all entities hereinafter referred to as "target"). Its consolidated turnover for the financial year ended 31st December 2019 was USD 31.94 million.

The Enterprise value is USD 34 Million. Earnouts may be payable for next 2 years based on revenue and profitability targets.

Personiv provides digital marketing, back office and customer support outsourced services. The company has 2100 employees across three delivery centers in Manila, Gurugram and Coimbatore.

Shares of ECLERX SERVICES LTD. was last trading in BSE at Rs.804.9 as compared to the previous close of Rs. 799.95. The total number of shares traded during the day was 7699 in over 924 trades.

The stock hit an intraday high of Rs. 832.8 and intraday low of 794.2. The net turnover during the day was Rs. 6308690.

Source : Equity Bulls

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