Zensar Technologies Ltd, part of the RP Goenka Group, on Wednesday said it agreed to buy user experience (UX) design agency Foolproof Ltd.London-based Foolproof helps global brands design products based on an understanding of consumer behaviour, Zensar said in a stock exchange filing. The acquisition gives Zensar access to Foolproof’s clientele across sectors such as banking and financial services, retail, high technology and oil and gas. Foolproof will operate under its own brand name and will continue to be managed by founders peter Ballard and Tom Wood. Headquartered in Pune, IT services company Zensar caters to global clients in the manufacturing, retail and hi-tech businesses. For the financial year 2015-16, Zensar reported revenue of Rs1,245.9 crore, up from Rs1,079.9 crore in the previous year, and a profit of Rs234.2 crore, up from Rs183.1 crore.

Source: Mint November 02, 2016 19:23 UTC