“RPG Group-owned Zensar Technologies has acquired Cynosure for $33 million as it looks to deepen its offerings and expand in the US market, where firms are looking to shed legacy technology and adopt platforms to improve their service. Cynosure is a US IT services firm that focuses on mid-tier and smaller insurance clients,”, reported Economic Times.

Shardul Amarchand Mangaldas & Co advised Cynosure Interface Services Private Limited led by a team of partner Siddharth Nair, senior associate Kaushalya Venkataraman, associate Shachi Singh. Tax related advice was provided by partner Abhay Sharma and principal associate Oscar D Sa.

2018-03-20

Deal value: US$ 33 million

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