Equity management firm Qapita acquires ESOP Direct in all cash-deal

Qapita, a Singapore- and India-based equity management firm, said on Wednesday it has completed the acquisition of ESOP Direct in an all-cash transaction. The value of the deal was not disclosed.

Pune-based ESOP Direct provides solutions in equity compensation. Qapita said by acquiring ESOP Direct it will become a market leader in the region. The deal will expand its customer base in India and Southeast Asia to more than 1,200 customers. The combined entity will manage more than $12 billion in Employee Stock Option Plans (ESOPs).

Qapita said it will expand its product and engineering team to more than 100