Strategic alignment, technology understanding and intelligent transaction structuring helped bring together Pragmatyc’s AI capabilities with Saicon’s global customer relationships and delivery scale.
All India: As technology companies accelerate their AI strategies, the challenge is no longer simply accessing AI capabilities. It is identifying the right capabilities, the right strategic fit and the right transaction structure to translate technology ambition into sustainable business value.
The recently completed acquisition of Pragmatyc Group by Saicon Inc. provides a case in point.
The transaction combines Pragmatyc’s specialist capabilities in Artificial Intelligence, AIoT, Machine Learning and Computer Vision with Saicon’s enterprise customer relationships, digital transformation capabilities and global delivery scale—strengthening Saicon’s Enterprise AI and AIoT proposition.
Termsheet Capital, acting as exclusive M&A Advisor on the transaction, played a key role across strategic mapping, valuation, commercial negotiations, transaction structuring and execution. Its engagement continues beyond closing through Pragmatyc’s earn-out period.
The Strategic Fit Behind the Transaction
In a technology market where AI capabilities are proliferating rapidly, identifying companies with AI expertise is increasingly easier. Identifying a business whose capabilities genuinely complement an organization’s customers, technology portfolio and long-term growth objectives is considerably harder.
The Saicon–Pragmatyc combination brings together complementary strengths: Pragmatyc’s specialist AI and AIoT capabilities with Saicon’s broader enterprise relationships, market access and delivery scale.
For Termsheet Capital, this reflects a broader principle: successful technology M&A is not simply about completing a transaction—it is about creating the right strategic combination.
Amol Rathi, Founder & Managing Director, Termsheet Capital, said:
“Acquiring an AI company by itself does not create strategic advantage. The real value lies in understanding the capability a company needs, identifying the business that best complements that objective, and structuring a transaction where both organizations can create greater value together. We don’t measure success simply by whether a transaction closes—we measure it by the strategic value it has the potential to create after closing.”
Buyer Perspective
Uday Inamdar, CEO-India, Saicon Consultants, Inc., said:
“We were not simply looking to acquire AI capabilities—we were looking for the right strategic partner to strengthen our long-term Enterprise AI vision. Termsheet Capital helped us sharpen our acquisition strategy, evaluate the strategic fit and structure a transaction that supports our future growth. Their understanding of both technology and business strategy added significant value throughout the process.”
Seller Perspective
On behalf of the Pragmatyc Founders, said:
Praful Lichade (CEO),Pragmatyc Group said “Termsheet Capital supported us throughout the acquisition with strategic guidance, commitment and timely support, helping us navigate key decisions and bring the transaction to a successful conclusion.”
Rahul Bajait (CSO),Pragmatyc Group said “Termsheet Capital’s expertise in deal structuring helped us in maximizing the valuation while keeping the transaction simple.”
Yogesh Dhumane (CGO),Pragmatyc Group said, “We particularly value that the relationship extends beyond deal closure and look forward to continuing our engagement with the Termsheet Capital team during the earn-out period.”
The continued engagement through the earn-out reflects Termsheet Capital’s approach to M&A—where success is measured not merely by transaction completion, but by the strategic value the combination is positioned to create beyond closing.
About Termsheet Capital
Termsheet Capital is a global investment bank with deep specialization in the technology sector, advising businesses, founders and strategic acquirers on M&A, strategic transactions and capital raising.
With a network of more than 140 qualified strategic buyers across over 40 countries, mainly from North America and Europe, Termsheet Capital combines technology understanding, strategic buyer and target mapping, valuation insight, intelligent transaction structuring and cross-border execution.
Its technology expertise spans Artificial Intelligence, Enterprise Software, SaaS, Digital Engineering, Data & Analytics, Cloud, Cybersecurity, Healthcare Technology, FinTech and other emerging technology areas.
Termsheet Capital positions itself as a Strategic Value Multiplier—focused on creating strategic value for both sides of a transaction, beyond deal completion.
