TeamLease Services to acquire ASAP Info Systems

Q.  Staffing company TeamLease Services said it will acquire which company for an enterprise value of INR 67 crore?
- Published on 06 Jul 16

a. ASAP Info Systems
b. QASAP Info Systems
c. CASAP Info Systems
d. ISAP Info Systems

ANSWER: ASAP Info Systems
 
Staffing company TeamLease Services said it will acquire ASAP Info Systems for an enterprise value of INR 67 crore
  • The Bengaluru headquartered ASAP Info Systems offer IT staffing solutions to numerous MNCs and domestic companies
  • TeamLease financial resources will be financing transactions and is expected to close before the close of August 2016
  • TeamLease Services have signed a definitive agreement to this effect
  • Transactions will be done through TeamLease wholly owned subsidiary TeamLease Staffing Services Private and subject to customer closing conditions and regulatory approvals
  • TeamLease has long serviced IT companies for non IT staffing positions and expects ASAP to help continue the expansion after the current offices are merged
  • ASAP Info Systems posted posted revenue of INR 63 crore with EBITDA of around INR 11 crore in 2015-2016

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