Bahrain-based Investcorp is set to acquire Unilog, a Software as a Service (SaaS) e-commerce solutions provider for small and medium businesses based in the US.
The global provider and manager of alternative investment products said in a statement that its capital backing is expected to support further platform innovation and customer acquisition. It didn’t disclose the terms of the transaction.
Unilog is a global technology company that delivers affordable e-commerce solutions and product data enrichment services for the B2B marketplace. It is headquartered in Philadelphia and has international headquarters in Bangalore, India.
Unilog currently serves more than 350 small and medium enterprises in the approximate $10 billion market for providing software solution services to distribution & retail businesses operating in the US.
Gaurav Sharma, Head of Private Equity, Investcorp India said, “Unilog presents an attractive opportunity, as it operates in a large and growing addressable market driven by e-commerce adoption, which has only been further accelerated amidst COVID-19.”
Since its inception, Investcorp has made approximately 200 private equity investments in the US, Europe, the Middle East and North Africa region and Asia, across a range of sectors, including lower mid-market technology companies focus on software, data / analytics, cyber security and fintech / payments.
In India, Investcorp invests in mid-market companies across consumption-linked sectors.
(Writing by Brinda Darasha; editing by Daniel Luiz)
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