eMudhra Limited (BSE: 543533, NSE: EMUDHRA) today announced its definitive agreement to acquire 100% of TWO95 International Inc (TWO95), based in New Jersey, USA, through its wholly owned subsidiary eMudhra Inc, USA.
TWO95 has been operating since 2009, specializing in technology solutions and services for digital transformation across sectors such as Healthcare, Utilities, Financial Services, and Government. Known for expertise in Generative AI, Edge Computing, and Cyber Security, TWO95 reported USD 7.6 million in revenue from these services in 2023.
eMudhra, with a 15-year presence in digital trust, security, and transformation, aims to expand into the US market, the world’s largest software market. With a revenue base of USD 15.92 million in the US and a strategy focused on organic and acquisitive growth, eMudhra seeks to enhance its position and accelerate growth in the region.
Beyond immediate gains, TWO95’s established scale and reputation in the US market will bolster eMudhra’s credibility and positioning when pursuing growth opportunities in other developed and emerging markets globally.
Overall, the acquisition of TWO95 represents a strategic move for eMudhra to strengthen its market presence, expand its capabilities, and accelerate growth in the competitive landscape of digital transformation and cybersecurity IT services.