Bahrain’s Investcorp to Acquire US-Based E-commerce Solutions Specialist Unilog
The acquisition will help Unilog innovate its platform and grow its customer base, though the big question is how Investcorp might come to integrate it into Bahrain and the MENA region.
Bahrain’s Investcorp has announced that it is to acquire Unilog, a US-based enterprise that specialises in providing e-commerce solutions for SMEs. Though the terms of the acquisition are undisclosed, Unilog is expected to channel funding into platform innovation and customer acquisition, but it's unclear what, if anything, the future might hold for the company in Bahrain and the Middle East.
Founded in 1998 by Achutha Bachalli and Vatsal Poddar as ‘Srisoft’, Unilog currently 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, while Unilog's president, Suchit Bachalli (the son of founder Achutha), was named in the Philadelphia Business Journal's '40 Under 40' list in 2015.
