KFin Technologies Limited (KFintech), a provider of global investor and issuer solutions, has acquired 100% stake in WebileApps, a Hyderabad-based enterprise product development and design firm for an undisclosed amount.
Post this investment, WebileApps will become a wholly owned subsidiary of KFintech. The acquisition will integrate KFintech’s deep domain knowledge with WebileApps’s technical expertise, the company said in a press release.
KFintech and WebileApps have worked together for six years, the acquisition offers several advantages, including accelerated product development in SaaS and PaaS models, brings in additional cloud, artificial intelligence and design expertise that will differentiate KFintech and help explore untapped segments and geographies.
Founded in 2011, WebileApps employs ready-to-deploy reusable code and modules for faster delivery. Its service offerings evolved to encompass the entire product development life cycle, such as business analysis, design, development, DevOps, CI / CD, UI / UX and quality assurance.
KFintech provides services and solutions to the capital markets ecosystem including asset managers and corporate issuers across asset classes in India. It also provides several investor solutions including transaction origination and processing for mutual funds and private retirement schemes to asset managers in Malaysia, Philippines, Singapore, Hong Kong and Canada.