Key Highlights:
- Rs 730 crore through 100 percent share swap.
- 4.95 Blue Cloud shares for 1 AIS Anywhere share.
- Expands Blue Cloud's footprint into the U.S. technology market.
Mumbai: Blue Cloud Softech Solutions Limited, a fast-growing Indian tech company listed on the BSE, has announced a big move to grow its business in the United States. The company is acquiring AIS Anywhere, a New Jersey-based technology firm, through a 100 percent share swap deal worth Rs 730 crore.
This deal will help Blue Cloud expand its global presence, especially in cybersecurity, artificial intelligence (AI), data analytics, and enterprise solutions—areas that are in high demand worldwide.
As part of the acquisition, Blue Cloud will issue 31.68 crore equity shares, each with a face value of Rs 1 and a premium of Rs 22.06. These shares will be given to the shareholders of AIS Anywhere in return for 6.4 crore AIS shares, making AIS Anywhere a wholly owned subsidiary of Blue Cloud.
The share swap will follow a ratio of 4.95 Blue Cloud shares for every 1 AIS Anywhere share, based on an independent valuation of both companies.
AIS Anywhere is a well-known U.S. company providing high-end technology services like AI, IoT (Internet of Things), cybersecurity, and enterprise-level software solutions. In 2024, the company reported a strong revenue of USD 83.69 million, showing solid growth and market leadership in its segment.
Krishna Babu Vankineni, Managing Director of Blue Cloud, said the deal is a “transformative milestone” for the company. He added that AIS Anywhere’s strong U.S. market presence and advanced tech skills will help Blue Cloud become a global technology leader.
This move is not just about entering a new market; it’s also about offering better and wider digital solutions to Blue Cloud’s global customers and unlocking new sources of revenue.
This acquisition will boost Blue Cloud's growth and help it compete with other global tech giants.
