Chennai-based UDS buys majority stake in global sales enablement co Denave

Deal value not disclosed; PwC was financial advisor for the transaction

Chennai-based integrated facilities management and business services firm Updater Services (UDS) has acquired a controlling stake in Denave, a global technology-powered sales enablement services organisation.

Raghunandana Tangirala, founder and chief executive officer of Updater Services, said, "Denave is a growth-oriented organisation, with a wide range of tech-driven sales enablement service capabilities, driving exceptional results for its clients across APAC and Europe. We are thrilled to partner with a dynamic player in this continuum.”

PricewaterhouseCoopers (PwC) was the financial advisor and Legal Orbit was the legal advisory firm for the transaction.

The investment will accelerate Denave's long-term strategic plan and strengthen sales enablement capabilities