Innoserv and Kalzoom Advisors merge in an all equity deal

InnoServ Group, a fast growing integrated digital acceleration firm serving media, corporate and academia, today announced the merger of Kalzoom Advisors Pvt. Ltd., a subsidiary of 5F World Ltd., a member of its investor group, in an all equity deal. The expanded offering and vertical reach will lead to doubling of it’s revenues in the next 12-months.

Commenting on the merger, Dr. Ganesh Natarajan, Chairman, 5F World, said,”The new consolidation strategy of 5F World means divesting any business other than the core advisory and investing in digital businesses and growth firms in the technology industry one hand and divesting other businesses. Having been on Innoserv’s advisory board for some time, know them to be a forward-thinking organization that offers substantial value to SMBs, corporates, media houses, and academic institutions. Look forward to actively participating in their continued growth.” Sharing his perspective, Ramachandran Gopalakrishnan, Chairman, InnoServ Group, said,” The merger is a win- win for both organization. While Kalzoom Advisors tremendously bolsters Innoserv group’s digital capabilities, Kalzoom will benefit from access to a wider client base & capabilities.”

Added, Rahul Jain, Managing Director, Innoserv group,”Inorganic growth is a key element of our global growth strategy and we are happy with the Kalzoom acquisition. We have already started work on building more tailored solutions now that they are on board. This acquisition is part of the clear strategic direction we have set for ourselves The goal is to emerge as a formidable player in the Digital Marketing arena.