New Delhi, July 13 (ANI
): GirnarSoft, the parent company to India's top auto portals such as CarDekho.com, Gaadi.com and Zigwheels.com announced acquiring Valueserve Management Consultants Pvt. Ltd in a cash deal.
The move marks a diversification of the company to cater to the public sector by providing e-governance solutions, consulting and management support services.
Valueserve was founded by Yatendra Garg, who graduated from IIT
Madras alumni and a consultant with over ten years of experience with several e-governance and ICT initiatives.
The company has been empanelled with leading consulting firms such as Grant Thornton, Ernst and Young, KPMG and Deloitte. Garg will report to GirnarSoft co-founder Anurag Jain.
"GirnarSoft is an internet conglomerate and a house of innovations with proven successful consumer portals in the auto sector amongst others. We have been creating world class portals for various consumers and with this new initiative we want to apply all the learning we have had over the years in the public sector," said Co-founder GirnarSoft, Anurag Jain.
"Given the push to create a digital India, e-Governance solution development and consultation appealed to us as a viable option. We are confident that the acquisition of Valueserve will allow us to add great value to various e-Governance and ICT initiatives," added Jain.
"In a day and age when the boundaries between public and private endeavors are shrinking rapidly, we are witnessing an increasing number of private business entities venturing into the public sector," said Founder Valueserve, Yatendra Garg.
"GirnarSoft is renowned for its expertise in delivering consumer-oriented business solutions, and there were plenty of synergies between the company and Valueserve. This development holds a lot of promise for the public sector," added Yatendra Garg. Valueserve
Consulting is GirnarSoft
's ninth deal in the last two years. Earlier it made a strategic investment in Advanced Structures India. It also acquired Volob, Connecto, Help on Wheels, Zigwheels
.com, Gaadi.com and BuyingIQ. (ANI