New Delhi [India], Nov 6 (ANI
): Mid-sized IT company Zensar in a presentation filed with the Bombay Stock Exchange (BSE) announced acquiring of UK
-headquartered user experience design company Foolproof for an undisclosed amount.
With revenue of eight million pounds in 2015, Foolproof has catered to clients such as HSBC
, Shell and Allianz.
However, banking and financial services are known to be the biggest contributors for half of its revenue.
The company has over 100 employees in London, Norwich and Singapore.
"This acquisition fortifies Zensar's digital offerings and furthers the company's ability to work with CMOs and CDOs to improve outcomes for their customers, and to drive innovation through design," said CEO of Zensar
, Sandeep Kishore.
Foolproof will operate under its own brand name and will continue to be managed by founders Peter Ballard and Tom Wood. (ANI