CapitalNumbers Infotech Limited has disclosed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 that its Board of Directors, at a meeting held on May 28, 2026, authorized the execution of a stock purchase agreement for acquisition of 100% ownership in Epitome Cloud Inc ("Epitomecloud") and indirect acquisition of its Indian subsidiary, Epitomecloud Technology Private Limited.
Acquisition Details
- Target Entity: Epitome Cloud Inc, a US-incorporated technology services company headquartered in New Jersey, established in 2020
- Consideration: Approximately INR 40 crore (Indian Rupees Forty Crore) in cash, subject to net working capital and other mutually agreed adjustments
- Ownership: 100% equity share capital acquisition of the target entity directly
- Transaction Type: Cash consideration, conducted at arm's length
Target Company Business Profile
Epitome Cloud Inc 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: Salesforce, Conga (CPQ/CLM/Revenue Lifecycle), Agiloft (Contract Lifecycle Management), Onit (Enterprise Legal Workflow and Contract Operations)
Financial Performance
Standalone turnover of Epitome Cloud Inc for the last three financial years:
- CY 2023: USD 3,281,880
- CY 2024: USD 4,116,898
- CY 2025: USD 2,867,087
Strategic Rationale and Impact
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
Industry Classification
Information Technology (IT) and IT-enabled Services (ITeS)
Regulatory Approvals
No governmental or regulatory approvals required for the acquisition (disclosed as "NA")
Timeline
Subject to fulfilment of customary condition precedents as agreed between the parties, the proposed acquisition is expected to complete in 8 to 12 weeks approximately.
Geographic Presence
Epitome Cloud Inc has presence in India and United States of America
Disclosure Compliance
The disclosure is made pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
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