Kainos Group plc acquired 100% stock of RapidIT-Cloudbera, Inc., a U.S. based entity. RapidIT-Cloudbera Inc. is the creator of Genie, a workday-focused automated testing product. Genie has the ability to rapidly auto-generate test cases, allowing customers to quickly launch their automated testing efforts. Genie will be fully integrated into Kainos’ existing Smart Test product.
The transaction also involved transfer of the Indian employees and operations of RapidIT Cloudbera Private Limited, for which a new subsidiary was set up in India – Kainos Software Technologies Private Limited, by Kainos group entities.
Our Transaction Team Comprised Partner – Rinku Ambekar and Principal Associate – Reshma Oak.
Rinku has a diverse corporate practice focused on cross-border M&A representing clients in the United States, Europe, Singapore, Malaysia, Japan, Australia, United Kingdom and her experience extends to takeovers, buyouts, private equity transactions, creation of joint ventures, strategic alliances, stock acquisitions, business acquisitions, asset acquisitions, restructurings, corporate governance, commercial and corporate agreements.