M&A: The art of the deal

The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems and what that means for industry.

Qlik’s Accelerating Growth Attracts Significant Investment from Thoma Bravo and ADIA

Thoma Bravo, a software investment firm, signed an agreement to sell a significant minority stake in Qlik^®, a global company in data integration, data quality, analytics, and AI, to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As part of the terms of the transaction, Thoma Bravo would remain the majority shareholder and would also make a new equity investment in the company. A consortium of other investors is expected to invest alongside ADIA and Thoma Bravo. This transaction reinforces Qlik’s leadership in delivering real-world AI solutions through a flexible, agnostic platform.

Since taking the company private, Thoma Bravo has partnered with the Qlik leadership team to accelerate growth through 14 strategic acquisitions and substantial R&D investments.  

Mike Capone, CEO of Qlik, said, “We look forward to accelerating Qlik’s impact in the era of AI and welcome ADIA into our next phase of growth. Our team has seized the AI opportunity, grounded in a commitment to strong partnerships, customer success, and solutions that drive real competitive advantage. These principles have fueled our growth and enabled us to deliver meaningful, tangible value from data and analytics.”

“It has been a pleasure to work alongside Mike and the Qlik team to establish it as a leader in data integration, data quality, analytics, and AI. We are thrilled to continue this journey alongside Qlik, and now with ADIA, to drive further innovation,” added Seth Boro, a Managing Partner at Thoma Bravo. “Through a forward-focused strategy and execution, Qlik has become invaluable to enterprises seeking to create more value from their data.”

One Point One Solutions Ltd signs non-binding term sheet to acquire Indian-based Business Process Consulting & Management (BPCM) for Rs. 261 crores

One Point One Solutions Ltd. (NSE: ONEPOINT), a Business Process Management (BPM) services provider, has signed a non-binding term sheet to acquire India based Business Process Consulting and Management (BPCM) at an enterprise value of Rs. 261 Crores. One Point One’s service offerings will be strengthened by this strategic purchase, which will also increase its presence in important industries, especially healthcare and financial services.

The due diligence process is targeted for completion by Q1 FY 2026, following which definitive agreements will be signed. Both organizations are committed to a seamless integration, ensuring continuity and growth for their clients, employees and stakeholders.

The Chairman and Managing Director of One Point One Solutions Limited, Akshay Chhabra, commented that: “The signing of this term sheet represents a significant step in our growth journey. The target company’s expertise, especially in the healthcare and Finance services, aligns perfectly with our commitment to providing innovative and industry-specific solutions. We are excited about the potential synergies this partnership will bring.”

The acquisition will position One Point One Solutions Limited as a stronger player in the BPM industry, with an enhanced ability to serve the growing demands of the healthcare sector and other key industries.

Veefin Group expands its Working Capital Ecosystem by acquiring UAE-based TradeAssets

Veefin Group (through their subsidiary Estorifi Solutions), a global leader in working capital technologies, has announced the acquisition of TradeAssets, a Dubai-based company specializing in the digital trading of trade finance assets. This strategic move marks a significant step in the Group’s mission to become a one-stop shop for the financial needs of banks and financial institutions, enhancing their ability to manage liquidity, distribute risk, and access global markets. This also marks Veefin’s fifth acquisition in the past eight months, making the Veefin Group a total of ten companies.

TradeAssets, based out of UAE, co-founded by senior ex-bankers Lakshmanan Sankaran and Sumit K Roy, creates efficiency and transparency between financial institutions, development banks, and commodity traders in the buying and selling of trade finance assets. TradeAssets revolutionizes banking operations with a powerful platform that facilitates the trading of trade finance assets like Letters of Credit, Guarantees, Open Account payables and receivables including Islamic products. In just three years, the platform has handled over USD 4 billion in deals, connecting more than 120+ banks across over 35 countries. This pivotal service empowers banks constrained by Basel regulations to swiftly liquidate assets, liberating capital for new lending opportunities and boosting financial agility.

The acquisition is a natural fit within Veefin Group’s overarching strategy to streamline and strengthen financial operations for institutions worldwide. With the integration of TradeAssets, the Group elevates its portfolio and cements its position as a key ally for banks, ushering in a new era of collaborative financial solutions.