Zensar to pay $24.9mn for ThoughtDigital Video

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Zensar Technologies, US, a wholly-owned subsidiary of Zensar Technologies, today executed a purchase agreement with ThoughtDigital LLC, US, a Delaware liability company and its holding company SOA Software, for purchase the whole business of ThoughtDigital LLC, US for $24.90 million.

Zensar today said the funding for the buy out will be via internal accruals and borrowings in the ratio of 60:40.

A special purpose vehicle Zensar TD LLC, US, a Delaware liability company has been organised to acquire, own and operate the whole business operated by and under the name of ThoughtDigital LLC, US.