CapitalNumbers Infotech Limited has executed a stock purchase agreement (SPA) to acquire 100% ownership of Epitome Cloud Inc. (Epitomecloud), including indirect acquisition of its Indian subsidiary, Epitomecloud Technology Private Limited. This disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures

  • Total consideration: Approximately ₹40,00,00,000 (Indian Rupees Forty Crore)
  • Consideration subject to net working capital and other mutually agreed adjustments
  • Acquisition of 100% equity share capital
  • Target company turnover:
  • CY 2023: $3,281,880
  • CY 2024: $4,116,898
  • CY 2025: $2,867,087

Parties Involved

  • Acquirer: CapitalNumbers Infotech Limited
  • Target: Epitome Cloud Inc. (US-incorporated)
  • Subsidiary: Epitomecloud Technology Private Limited (Indian subsidiary)

Target Company Details

Epitome Cloud Inc. is a US-incorporated technology services company headquartered in New Jersey, established on June 23, 2020. The company operates through its Indian subsidiary and provides digital transformation and enterprise platform services with specialization across:

  • Salesforce consulting, implementation, and managed services
  • Revenue lifecycle transformation including CPQ and Contract Lifecycle Management (CLM)
  • Enterprise workflow and business process automation
  • Supply Chain and business transformation initiatives
  • Tailored platform solutions for personalized customer experiences

Technology ecosystem experience includes: Salesforce, Conga (CPQ/CLM/Revenue Lifecycle), Agiloft (Contract Lifecycle Management), and Onit (Enterprise Legal Workflow and Contract Operations).

Geographic presence: United States of America and India.

Transaction Rationale

The acquisition aligns with strategic objectives disclosed in the Company's IPO and supports long-term growth and capability expansion plans. Expected benefits include:

  • Strengthening Capital Numbers' capabilities in Salesforce-led digital transformation
  • Expanding the Company's presence and customer access in the US market
  • Adding specialized delivery capability and domain expertise
  • Creating opportunities for cross-selling and broader service adoption across existing and future clients
  • Enhancing the Company's international delivery and growth platform

Additional Details

  • The acquisition does not fall within related party transactions
  • No promoter/promoter group/group companies have any interest in the Target
  • Industry classification: Information Technology (IT) and IT-enabled Services (ITeS)
  • No governmental or regulatory approvals required (marked as "NA")
  • Consideration form: Cash consideration

#CapitalNumbers #EpitomeCloud #M&A #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral