Netcore Cloud will begin filing for its Initial Public Offering (IPO) in two months, according to Rajesh Jain, the bootstrapped Software as a Service company’s founder and global managing director.
In order to broaden its software products ahead of the IPO in the first quarter of the following calendar year, the company is looking to make numerous acquisitions, including one worth up to $100 million and several smaller ones.
For the acquisitions, Jain said the company was focusing on product analytics, customer data platforms, email intelligence, and loyalty. As digital organisations look for technologies that can provide insights into client behaviour, these categories have attracted significant investment.
In the wake of higher adoption of digital technologies after the Covid-19 pandemic, there is a scramble for SaaS software that can help companies — from retail to airlines —have a clearer understanding of customer preferences.
Netcore announced last week that it had purchased Unbxd Inc, a search company based in the United States.
The Mumbai-based firm has also made significant investments in ANS Commerce, ProfitWheel, Easyrewardz, and Comsense during the last three years as part of a bigger strategy to invest in customer experience-focused firms in the digital domain.
According to Jain, the anticipated acquisition will cost more than $100 million, showing the company’s desire to have additional products and integrations as it prepares to go public in India.
“We already have multiple opportunities at various stages of evaluation: a mix of acquisitions and investments,” he added.