S&R Associates advised Ascendion, Inc.
S&R Associates represented Ascendion, Inc., in the acquisition of Nitor Infotech, a software product engineering company
trueasdfstory
S&R Associates advised Ascendion, Inc. S&R Associates represented Ascendion, Inc., in the acquisition of Nitor Infotech, a software product engineering company headquartered in India. Ascendion is U.S. based software engineering company providing software engineering services. Nitor Infotech is a software product engineering company that leverages disruptive technologies...
S&R Associates advised Ascendion, Inc.
S&R Associates represented Ascendion, Inc., in the acquisition of Nitor Infotech, a software product engineering company headquartered in India.
Ascendion is U.S. based software engineering company providing software engineering services.
Nitor Infotech is a software product engineering company that leverages disruptive technologies like Generative AI to build new products for clients.
In a Press Release, Karthik (KK) Krishnamurthy, CEO of Ascendion said, “Ascendion’s acquisition of Nitor Infotech is our latest step as a leader in using the power of software to drive client productivity and growth. Nitor Infotech is a natural fit with Ascendion because we are aligned around software engineering, real-world Generative AI solutions, and digital innovation.”
As per the Press Release, Sanjeev Fadnavis, CEO of Nitor Infotech commented, “We are delighted to become an Ascendion company. Ascendion is a modern software engineering leader with a strong culture and values that align perfectly to what we’ve built in Nitor Infotech. Joining Ascendion will add to our capabilities to serve clients with an expanded value proposition. Together we have the opportunity to lead the product engineering world through the power of GenAI enabled technology.”
The acquisition is a step in Ascendion’s growth strategy to enhance competencies, expand into new markets, and offer a broader range of services to clients. Nitor Infotech brings more than 700 employees to Ascendion, and its expertise in Generative AI will help Ascendion deliver even more innovative and cutting-edge solutions to its clients. The acquisition also strengthens Ascendion’s focus in Health-tech, Retail-tech, and Supply chain-tech industries through Nitor’s domain strengths and client relationships
The S&R team was led by partners Venkatesh Vijayaraghavan and Raya Hazarika, and included associates Apurv Sharma, Priya Kapadia, Vishvesh Vikram and Sakshi Jain on corporate matters; partner Sumit Bansal and associates Shivani Chhabra and Taranjeet Singh on direct tax matters; partner Ajinkya Gunjan Mishra and associates Avani Tewari and Tarusha Airan on indirect tax and regulatory matters; associate Zahra Aziz on litigation matters; and counsel Akshat Kulshrestha and associate Anuja Agrawal on competition law matters.