Financial research company CapitalVia Global Research today said it has acquired market research firm DreamGains Financials India for an undisclosed amount.
The acquisition would strengthen CapitalVia’s presence in the south Indian market.
The acquisition gives CapitalVia access to Bangalore-based DreamGains’ over 720 active customers,technical and physical infrastructure and about 80 highly trained business development talent,a company statement said.
“From a strategic standpoint,its gives us wider reach,highly trained talent and senior management bandwidth to serve our customers in south India more effectively,providing us a sustained competitive edge in the market,” CapitalVia Global Research Founder and CEO Rohit Gadia said.
The combined entity would now have over more than 3,500 customers and eight offices spread across the country,enabling CapitalVia to expand its distribution footprint,serve local customers effectively and accelerate growth,it added.
“With CapitalVia’s experience,combined senior management bandwidth and cultural similarity,we firmly believe,we would be able to expand faster into different local and global markets,accelerate growth and establish a leadership position,” DreamGains Financials India CEO Suraj Sreenath said.