Mumbai, July 29 -- Mumbai-based Blue Cloud Softech Solutions (BSE: 539607) has acquired New Jersey tech firm AIS Anywhere through a 100% share swap valued at 730 crore rupees.
The deal involves issuing 31.68 crore Blue Cloud equity shares at a premium of 22.06 rupees per share in exchange for AIS Anywhere's 6.4 crore shares, establishing the U.S. company as a wholly-owned subsidiary at a 4.95:1 swap ratio.
The acquisition accelerates Blue Cloud's entry into the U.S. market, leveraging AIS Anywhere's 2024 revenue of 83.69 million USD and expertise in AI, IoT, and cybersecurity.
Managing Director Krishna Babu Vankineni emphasised the alignment with Blue Cloud's global growth vision, noting it will unlock new revenue streams and enhance di...