The Techmill group, founded by Harihara Gopinath Sharath and Vishwanath Rajashekarappa, has over 240 employees across the world. It counts several leading banks among its customers. Techmill is a partner of Temenos, the global leader in financial technology for better banking.

For Nagarro, the transaction strengthens its capabilities in its Banking and Financial Services vertical and supports the development of its fast-growing Rest of World segment, particularly with the presence in Australia.

Surya Vedula, Managing Director at Nagarro, states: “I would like to congratulate our new colleagues from Techmill for the way they have built a great company around a core area of expertise. We have been in touch with them for some months now and have come to value their knowledge and perspectives. We welcome them into the global Nagarro family.”

Vishwanath and Sharath, Founder Directors at Techmill, make this joint statement: “We are very happy to associate ourselves with Nagarro, with its humane approach towards people and entrepreneur-friendly environment. With the market breadth and reach of Nagarro added to Techmill’s niche financial expertise, we can reach new heights in the BFSI vertical.”

Mangesh Raut, Founder of Acamar explains: “We are happy for Sharath and Vishwanath with the outcome of the transaction. Nagarro aligns well with Techmill on strategic and cultural fit apart from commercial deal. This transaction speaks about Acamar’s expertise in the BFSI domain, and we see similar requirements from the strategic buyers for assets in the banking domain”

About Techmill Global

Techmill Global is a niche financial IT service provider, enabling packaged financial software implementations, and other digital innovative ideas that contribute to their continued success. Its clients include large corporate banks and financial institutions involved in inclusive banking such as microfinance and cooperative banking. 

About Nagarro

Nagarro, a global digital engineering leader, over 12,000 people in 27 countries helps clients become innovative, digital-first companies and thus, win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of “Thinking Breakthroughs”. With revenue upwards of Euro 1 billion, Nagarro is headquartered in Germany and listed on the Frankfurt Stock Exchange. For more information, visit www.nagarro.com.

About Acamar Advisor

Acamar provides investment banking and advisory services to leading technology industries globally. Acamar with its presence in the USA, EU and Asian region helps it’s clients sell companies, raise capital. For more information, please visit, www.acamaradvisors.com