 "mergers and acquisitions, M&A")
Zilingo, a commerce and technology platform, said on Tuesday that it has acquired Sri Lanka-based software-as-a-service company nCinga Innovations for $15.5 million in a cash and stock deal. The acquisition would help Zilingo scale up its global supply chain capabilities.
“What excited us about the nCinga product was their ability to dramatically improve efficiency and drive insights by digitising the shop floor,” said Ankiti Bose, co-founder and CEO of Zilingo. “We have partnered with them for a long time and their work has been crucial to our mission of creating a transparent, sustainable, economically viable and socially responsible apparel supply chain.”
Zilingo,
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