Zensar acquires M3bi for $33 million

RPG Group IT services firm Zensar Technologies said it acquired US-based data engineering and digital engineering firm M3bi for $33 million (Rs 242 crore), including $9 million to be paid over three years based on meeting certain performance goals.

Pune-headquartered Zensar expects the acquisition to help reinforce its new strategy with data and analytics being important growth drivers. The acquisition will be funded by internal accruals.