Announced Date: November 2023
o3 Capital acted as the Exclusive Financial Advisor to TriGeo Technologies.
We are pleased to announce that our client, TriGeo Technologies Private Limited (“TriGeo"), has been successfully acquired by TAO Digital Solutions (TAO).
TriGeo is an India-headquartered, established in 1996, provider of Data Intelligence Services, including Data Mapping, Annotation and Labeling, Digital Twinning, Building Information Modeling (BIM), 3D modeling, Engineering, and GIS Services. TriGeo has a team of over 1,900 experts in precise and high-quality mapping and annotation data, particularly in AI and digitization.
TAO Digital Solutions is helping businesses with innovative technological capabilities and strategies to thrive in the digital economy. TAO offers a comprehensive range of technology services around product engineering solutions, managed services, cybersecurity, and payment solutions. TAO's multidisciplinary team is adept at identifying opportunities to improve business processes with advanced automation and optimization techniques and deliver transformative solutions. TAO Digital Solutions maintains a global presence with offices spanning across multiple regions. With a team of over 2,400 dedicated professionals worldwide, the company serves clients internationally
Rajkumar Velagapudi, CEO of TAO Digital Solutions said, "The acquisition of TriGeo strengthens our ability to support our customers by adding Digitization and Content services and Digital Twinning capabilities. With over two decades of experience, TriGeo is a recognized leader in offering expertise in data capture, application development, enterprise integration, engineering solutions, LiDAR technology, and Building Information Modeling (BIM). As we welcome the TriGeo team of over 1,900 employees, we are excited to create a powerful combination of services and solutions to accelerate our customer's digital transformation and AI enablement journeys further"
Ashok Vemulapalli, Founder & CEO of TriGeo said, “Joining forces with TAO Digital Solutions is a significant milestone for TriGeo. o3 team has put remarkable effort into orchestrating the successful deal between Trigeo & TAO.
o3’s expertise, and unwavering commitment to achieving a seamless merger have been nothing short of outstanding. Would like to commend the o3 team for their exceptional teamwork and communication. Throughout the negotiation and due diligence phases, o3 ensured that both parties were well-informed and engaged in constructive discussions, ultimately leading to a mutually beneficial agreement. Thank you once again for your exceptional service and making this merger a reality“
This deal marks o3 Capital’s 30th deal closure in the last 24 months. It reaffirms the promoters' continued trust in o3 Capital as an advisor and partner in a significant milestone of their journey. o3 Capital remains a prominent technology banker in the Indo-US cross-border corridor, closing transactions across various segments, including Digital Engineering, ER&D, Data Analytics, ITeS/KPO/BPO, Cloud & SaaS companies.