LegaLogic advices on FutureTech Holding Company (www.fthco.com) acquiring Ellicium Solutions (www.ellicium.com)
LegaLogic is delighted announce another deal closure during the pandemic.
FutureTech Holding Company (www.fthco.com) acquired Ellicium Solutions (www.ellicium.com) in all cash deal. Founded in 2005 by Mr. Sravan Vellanki, FutureTech is a leader in Information Technology (IT) and IT Enabled Services with strategic holdings in the healthcare, financial and technology sectors. Ellicium, a Big Data and Data Science company, was founded in 2012 by Kuldeep Deshpande and Yogesh Kulkarni who are industry veterans. Ellicium is headquartered at Pune, India with a office in Santa Clara, California, USA.
LegaLogic was a strategic advisor and legal counsel to the deal and was responsible for the entire deal cycle including deal structuring and deal documentation.
Congratulating LegaLogic on the deal closure, Mr. Sravan Vellanki, Chairman, FutureTech, “It is pleasure working with LegaLogic and its team. We are delighted to welcome Kuldeep, Yogesh and Ellicium team into FutureTech family. With the rapid change in technology landscape, Ellicium is well poised to capture market share and cross sell to existing customer base of FutureTech. FutureTech will continue to look at inorganic opportunities as it expands its offerings and geographical spread.”
Commenting on the deal, Kuldeep Deshpande, CEO, Ellicium said, “Thanks to LegaLogic’s excellent work and strategic inputs, it is our pleasure to collaborate with FutureTech to expand our customer outreach. We have grown organically and it is time to go in the big league with the help of global presence of FutureTech. Our team is excited to address growing market for big data.”
Team - Partners- Shridhar Kulkarni, Vikas Agarwal and Vivek Sadhale , Senior Legal Advisor- Siddhesh Iyer, Legal Advisors - Kunal Dodeja, Akash Valappil Tanvi Soman and Pranav Divgi.
28 January 2021