In a landmark event in our journey, Robosoft is now part of Tokyo-headquartered TechnoPro Group, a global digital solutions enterprise. Shareholders of Robosoft Technologies announced today the signing of definitive agreement with TechnoPro Holdings, Inc. for the sale of 100% stake in the Company. In a press release, Rohith Bhat, Founder of Robosoft said, “Robosoft has had a phenomenal journey over the last two decades and has grown by leaps and bounds during this period. The partnership with Ascent Capital and Kalaari Capital heralded a strong growth era for us and I am very happy that we are handing over the reins of the Company to a global player like TechnoPro.”
TechnoPro Holdings, Inc., listed on Tokyo Stock Exchange, is a holding company of TechnoPro Group, which specializes in IT, engineering and R&D. With more than 20,000 engineers and researchers, TechnoPro Group is one of Japan’s largest technology solutions group. As an industry leader, it provides full support for technical development and R&D to 2,000 companies including major corporations, universities and research organizations.
“This transaction represents a strategic evolution for Robosoft and a unique opportunity to take our business to new heights at a time of accelerating digital adoption. Partnership with TechnoPro will provide us new opportunities to grow in Japan which is on a path of Digital Transformation while continuing to expand in our core markets of US, Europe and India through our unique “Emotional Design Thinking” approach. This is a strong validation of Robosoft’s vision and strategy and our strong track record. We will continue to innovate and drive digital transformation for our clients worldwide.” said Ravi Teja Bommireddipalli, CEO of Robosoft.
“TechnoPro is delighted to invest in Robosoft, an innovative leader in the Digital Transformation space. We are excited by Robosoft’s rapid growth, strong leadership team, expertise in emerging technologies and deeply integrated customer relationships. We look forward to a close collaboration with Robosoft in the company’s next phase of growth and see tremendous synergies between TechnoPro and Robosoft” said Takeshi Yagi, President, Representative Director and CEO, TechnoPro.
Robosoft will continue to be led by its current management team, headed by Chief Executive Officer, Ravi Teja Bommireddipalli who is also being elevated to Managing Director and CEO.
Read the full media release here.