This IT Services Company Completes 100 Per cent Acquisition of US-Based Tech Firm; Expanding Presence Across 21 Countries with 26 Delivery Centres
The company's 1-year return is 26.4 per cent, while its 3-year return stands at 58.65 per cent.
Coforge Limited has successfully completed the acquisition of Rythmos Inc., marking a significant milestone in its strategic expansion efforts. This acquisition was executed through Coforge Inc., a wholly-owned subsidiary of Coforge Limited, which acquired 100 per cent of the outstanding shares of Rythmos Inc. from its stockholders. This move aligns with Coforge's ongoing strategy to enhance its capabilities and expand its market presence.
The acquisition is expected to bolster Coforge's offerings in the IT services sector, particularly in areas such as digital transformation and technology services. This development follows a previous announcement made on March 5, 2025, regarding the stock purchase agreement. The acquisition is part of Coforge's broader strategy to strengthen its position in the global IT services market and to drive growth through strategic partnerships and acquisitions. This acquisition is anticipated to contribute positively to Coforge's business operations and financial performance in the coming years.
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Coforge Limited is a prominent IT services company offering comprehensive software solutions and services. It ranks among the top 20 Indian software exporters, serving major global clients such as British Airways and the ING group. Coforge's business model focuses on digital transformation and technology services, providing consulting, implementation, and support in areas like cloud computing, cybersecurity, and analytics.
The company operates in 21 countries with 26 delivery centres, generating significant revenue from the US, EMEA, and Asia Pacific regions. Coforge's service mix includes intelligent automation, data integration, and software engineering. The company maintains strategic partnerships with leading software providers and has recently expanded its capabilities through acquisitions, including a 54 per cent stake in Cigniti Technologies. Coforge's order book stands at approximately US$ 1,900 million, reflecting its robust business pipeline and growth potential.
As of April 4, 2025, Coforge Limited's stock is priced at Rs 7,079.95. The stock has a 52-week high of Rs 9,834.75 and a 52-week low of Rs 4,301.75. Coforge Limited has a market capitalisation of Rs 47,867 crore. The company's 1-year return is 26.4 per cent, while its 3-year return stands at 58.65 per cent. The Price-Earnings (PE) Ratio is 60.49.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.