MSys Technologies, a company that provides digital transformation solutions to businesses, has acquired Gophers Lab, a Noida-based digital and fintech engineering startup.
“The acquisition of Gophers Lab by MSys Technologies marks a transformative milestone in digital transformation and positions the company to spearhead disruption in the AI-powered FinTech and API-driven economy,” the company said in a statement.
The integration, along with Gophers Lab's specialisation in fintech, Golang, and Google Cloud, empowers MSys Technologies to solve complex technology challenges and create next-generation AI-driven finTech and API ecosystems, it said.
Financial details of the transaction were not disclosed. Investment bank SA Global Advisors acted as the exclusive advisor to MSys Technologies.
"With Gopher Lab's acquisition, MSys Technologies is not just enhancing its digital transformation portfolio — it is redefining the rules of the game for how businesses connect, scale and thrive in the AI-powered FinTech and API-driven economy,” MSys Technologies founder, chairman and CEO Sanjay Sehgal said.
“MSys is poised to lead enterprises into the future of connected digital ecosystems by combining its proven expertise in digital engineering and infrastructure automation with Gophers Lab.”
MSys said the acquisition would help it scale up its offerings across industries such as fintech, healthcare, retail and e-commerce and logistics.
"In pursuing digital transformation, clients seek the right mix of technologies and solutions to build new revenue streams and improve topline growth. Our start-up agility combined with MSys matured practices would be a game-changer. We are excited to join one of the world's leading digital companies, MSys Technologies, and will continue to deliver large-scale and secure implementations for our Fintech, ISVs (independent software vendors), and Enterprise clients,” said Pavan Pratap, co-founder, Gophers Lab.
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