Bowstring Advises Agora in its Acquisition by Virtusa
October 13, 2015 | Atlanta, GA
Bowstring Advisors served as the exclusive financial advisor to Agora Group, Inc. (“Agora”), in its recent acquisition by Virtusa Corporation. Agora, a strategy and business transformation technology firm headquartered in Atlanta, focuses on implementing and integrating business process management (“BPM”) solutions on leading BPM suites.
With operations in the United States and India, Agora provides consulting leadership to financial services, healthcare, and public sector clients. The Company employs approximately 60 experienced practitioners globally with deep knowledge in BPM-related solutions.
Regarding the transaction, Ravi Mallik, CEO of Agora Group, said, “Virtusa was the right home for the Agora team because of Virtusa’s leadership and command of the BPM consulting market. Our existing client relationships and presence in the space will propel us to achieve greater growth together.”
Mallik also said, “Bowstring’s attention to detail, understanding of the strategic landscape, and incredible diligence helped make this transaction a success. It has been a pleasure working with the Bowstring team.”
The acquisition was effective July 28th, 2015.
Bowstring's attention to detail, understanding of the strategic landscape, and incredible diligence helped make this transaction a success. It has been a pleasure working with the Bowstring team.