India, Jan. 20 -- Everstone-owned SaaS major Wingify's VWO is merging with Paris-based AB Tasty to form a global experimentation and personalisation platform with more than $100 Mn in annual recurring revenue (ARR).

Wingify CEO Sparsh Gupta said that the combined entity will serve over 4,000 customers worldwide. According to an ET report, the merged entity is likely to be valued at around $400 Mn to $500 Mn.

Everstone, which acquired a majority stake in Wingify last year, will invest additional capital in the combined entity and will be its largest institutional shareholder.

In early 2025, Everstone bought around 80% stake in Wingify for nearly $200 Mn in an all-cash deal, one of the largest cash buyouts in India's enterprise software ...