CubeMatch buy of Indian firm Claritaz will drive revenues past €32m

Post-Claritaz acquisition, Irish firm CubeMatch will have more than 400 employees worldwide.

Scaling Irish consulting business CubeMatch has acquired Indian software company Claritaz for an undisclosed sum.

Chennai-headquartered Claritaz provides agile software development, digital transformation and managed services in India.

“The acquisition of Claritaz is hugely exciting for CubeMatch teams and is in line with our ambitious growth strategy”

The acquisition will enhance CubeMatch’s current capabilities in project delivery, development and testing. It will also strengthen its offshoring and managed service capability.

Growth ambitions

“The acquisition of Claritaz is hugely exciting for CubeMatch teams and is in line with our ambitious growth strategy,” said Tom Melville, group CEO of CubeMatch.

“We believe that Claritaz will be a great fit for CubeMatch’s clients as we enhance our service offering and suite of business solutions.  Clients are increasingly seeking guidance on how to innovate and transform their business models. Unlocking ingenuity and making change happen at an ever-increasing pace is critical to how we service our clients.”

Headquartered in the Chennai, India, Claritaz Tech has a team of over 60 people and is one of the leading software development companies in Chennai serving an impressive local and overseas clientele. The company’s expertise aligns with CubeMatch’s specialist financial services offerings.

The existing Claritaz management team will remain in place, and existing clients will experience no change in service.  The company will re-brand to CubeMatch–Claritaz.

CubeMatch clients span major global financial institutions including Bank of Ireland, AIB, Ulster Bank, Rabo Bank, ABN AMRO, BCM Global, Commerzbank, PTSB, Deutsche Bank, Nat West, BNP Paribas, Mizuho and UBS.

“We’re thrilled to take our team to the next level by joining CubeMatch,” said Mohan Thilak, CEO of Claritaz. “We not only share a commitment to quality, but we also share a strongly aligned value set that will strengthen this combined team.”

Main image at top: CubeMatch CEO Tom Melville and Jacob Koshy, group CFO, CubeMatch

John Kennedy
Award-winning editor John Kennedy is one of Ireland's most experienced business and technology journalists.