Monday, April 10, 2017

Mergerware Solutions has raised $100K from Philippe Bouchet

Corporate Mergerware Solutions Pvt. Ltd has raised $100,000 (about Rs 65 lakh) from Philippe Bouchet. Mergerware is a startup that provides software solutions for post-merger and acquisition integration.

Dharmendra Singh co-founder and CEO of Mergerware, said the company will use the fresh capital for its global expansion plans. He said, We are going global. We see very strong demand from the US and Europe and most of our leads are coming from large firms. We have a partner in Sidney who is looking after the Asia-Pacific region and we will soon be opening offices in Singapore and France. We have a lead investor on board and have received commitments from a group of investors from Japan, Europe and the US for the Series A round along with our existing investors. We only want to associate with investors who understand M&A.

Also read: Religare Enterprises to sell its stake from Religare Health Insurance for Rs 1,040 crore

Mergerware offers a software-as-a-solution application that companies can use to run their M&A processes, including deal discovery, due diligence, HR integration, document-restoration and information access control. It also helps them manage deals that are in the pipeline.

He also said, We tested our product with a set of companies, of which three are already our clients. Many others in the pilot programme are likely to use the platform when they go for another deal.

The platform is offered on a subscription-based model.



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