DK Business News
Coforge Limited, an Indian multinational IT company, has announced the acquisition of Rythmos Inc. for up to $48.7 million (approximately ₹424 crores).
Rythmos Inc. is a U.S.-based cloud engineering firm with operations in Hyderabad and Coimbatore. The company operates in the IT/ITeS sector and specializes in advanced data and cloud services, primarily serving clients in the USA and India.
JSA Advocates and Solicitors advised Coforge on its complete acquisition of Rythmos Inc., representing the company throughout the transaction. The team provided comprehensive support, including structuring, negotiation, and finalization of definitive agreements.
The transaction team was led by Partner Anand Lakra, alongside Partner Niharika Mepani, Senior Associate Jinay Shah, and Associates Diya Dave, Rahi Barfiwala, Ishan Saxena, and Garima Agarwal.
The employment law team included Partner Sonakshi Das and Associate Muskan Jain, while the data privacy team consisted of Associates Maitrayi Jain, Sherin Jose, and Sankalp Inuganti.
This acquisition aims to strengthen Coforge’s data capabilities and cloud engineering proficiency while bringing valuable industry insights, especially in the airline sector. These strategic moves underscore Coforge’s dedication to advancing its technological expertise and reinforcing its presence in the global IT services industry.
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