Bahrain’s Investcorp announced that it is to acquire Unilog, a US-based e-commerce solutions company for SMEs. The terms of the acquisition are undisclosed, however, Unilog is expected to channel funding into platform innovation and customer acquisition. Though, how the company will operate within Bahrain and the Middle East remains unclear.
Achutha Bachalli and Vatsal Poddar founded Unilog, then ‘Srisoft’, in 1998. Today the tech company boasts headquarters in Philadelphia, US and Bangalore, India, and serves over 350 SMEs. Specialising in the B2B marketplace, its flagship product, CIMM2, is a software platform that facilitates commerce and communications between SMEs.
Over the years it has won several accolades, including being named as one of the ’50 Fastest Growing Tech Companies’ in the US by The Silicon Review in 2015 and 2016. Additionally, Unilog’s president, Suchit Bachalli, was named in the Philadelphia Business Journal’s ’40 Under 40′ list in 2015.
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