Chordify acquisition of Rubyians
“One of our objectives was to provide opportunities for talent in Tier 2/3 cities in India to be connected to the global start-up ecosystem through Chordify '' said Varun Berry, COO Chordify, post the acquisition of Rubyians, a Technopark (Trivandrum, Kerala) based company.
It was with great excitement that Ken Morris, CEO -Chordify approached us for the acquisition of Rubyians, a Kerala based software technology company with deep expertise in Ruby On Rails.
Chordify, the Silicon Valley-based software services provider, recognized the need to expand its offshore presence to better meet the increasing demand for high-quality tech talent. With a focus on providing design, development, and testing services, the company aimed to expand its capabilities and provide more comprehensive services to its clients. This decision was prompted by a number of factors, including the need to stay competitive in the market, the desire to provide a wider range of services to clients, and the recognition of the availability of high-quality tech talent in offshore locations. The acquisition of Rubyians marked the initial step for Chordify to achieve its objective of expanding its offshore presence. Chordify was able to establish a strong foundation in India and leverage the company's existing infrastructure, experience, and local knowledge to accelerate its growth in the region. This move is a strategic one that positions the company for growth and success in the years to come.
FinLead provided financial due diligence services and transaction advisory support throughout the acquisition of Rubyians by Chordify. FinLead played a crucial role in providing support to Chordify during the acquisition process, enabling them to make informed decisions and ultimately achieve a successful deal closure.
