Coforge Limited — Important, 23-01-2025: Updates

Coforge Inc., a wholly-owned subsidiary of Coforge Limited, is set to acquire Xceltrait Inc. under a Stock Purchase Agreement, securing 100% ownership of the company. The transaction is valued at approximately $17.85 million, comprised of an initial payment of around $7 million and up to $10.85 million in earnouts based on revenue and EBITDA performance for FY26 and FY27. Xceltrait, with a turnover of $5.82 million for the 2023 calendar year, specializes in implementing ServiceNow’s Financial Services Operations and Customer Service Management modules, particularly within the P&C insurance sector. Completion of the acquisition is anticipated by February 28, 2025. This acquisition is expected to enhance Coforge’s capabilities and market presence. Investors should monitor this development as it may provide significant growth opportunities.