Zensar Acquires Indigo Slate, A US Based Digital Agency
Zensar Technologies Limited, an RPG company, and the management of Indigo Slate announced that they have entered into a definitive agreement to acquire US West Coast-based Indigo Slate. Indigo Slate is a digital marketing focused customer experience agency with revenues of approximately $20 M in fiscal 2018.
The addition of Indigo Slate will strengthen Zensar’s capabilities in this fast-growing segment. In fiscal 2017, Zensar had acquired Foolproof Limited the UK based Digital experience firm to build its digital services business. Indigo Slate adds digital marketing expertise in the US, strengthening and broadening Zensar’s US-based customer experience and digital transformation capabilities. Digital revenues have been growing at a 30% CAGR for Zensar and contributed to more than 38% of Zensar’s fiscal 2018 revenue, one of the highest in the Industry.
Zensar Technologies Inc. will acquire the entire share capital of Indigo Slate which will be funded by a mix of internal accruals and external debt.