M&A
Equity Management s'ware firm Qapita acquires ESOP Direct
In a cash deal, Qapita, a Singapore- and India-based software firm focused on private company equity management, has acquired 100% stake in Pune-based ESOP Direct, an early solution provider in the equity compensation domain. The target company's service offerings encompass the entire lifecycle of Employee Share Ownership Plans (ESOPs). With this acquisition, Qapita will expand its product and engineering team to more than 100 professionals while further cementing its presence in Bangalore, Hyderabad, Delhi, Mumbai, Pune, and Chennai, in addition to strengthening its presence in Singapore and Jakarta. Qapita will also expand its customer base in India and Southeast Asia to more than 1,200 customers. The combined entity will also manage more than USD 12 Billion in Employee Stock Option Plans (ESOPs), with more than 130,000 employee owners. Qapita is backed by Vulcan Capital, East Ventures, MassMutual Ventures, Endiya Partners, Citibank, and NYCA Capital as well as angel investors from both India and Southeast Asia.
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