Investcorp acquires SaaS based e-commerce solutions provider Unilog
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Investcorp today announced that it has entered into an agreement to acquire Unilog, a Software as a Service (SaaS) based e-commerce solutions provider to small and medium businesses based in the US. Investcorp’s capital backing is expected to support further platform innovation and customer acquisition. Terms of the transaction were not disclosed.
Unilog is a global technology company that delivers powerful, affordable e-commerce solutions and product data enrichment services for the B2B marketplace. Unilog’s cloud-based commerce platform and product data enrichment services help distributors, manufacturers, and wholesalers increase online sales, reduce the cost to serve, and enhance their digital channel.
Unilog currently serves more than 350 small and medium enterprises in the approximate US $10 billion markets for providing software solution services to distribution & retail businesses operating in the US. Led by CEO Suchit Bachalli, Unilog’s SaaS business has grown its revenues 3x since FY2018.
“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. We believe that Unilog is extremely well-positioned to benefit from this megatrend with a proven and experienced management team led by Suchit, “ Gaurav Sharma, Head of Private Equity, Investcorp India said.
“Unilog presents an attractive opportunity, as there is a growing market for e-commerce, with COVID-19 accelerating the pace of digital adoption. Unilog has a proven management team that has demonstrated strong business fundamentals and is, therefore, well-positioned to benefit from this megatrend. Investcorp has rich experience of investing in the B2B digital commerce software sector, with professionals that bring over 15 years of combined institutional knowledge in the segment. We look forward to supporting the company in its growth and expansion journey,” Mohamed Al Sada, Head of Bahrain and Kuwait for Investcorp’s Private Wealth said.