Zaggle Prepaid Ocean Services Limited has successfully acquired key assets and intellectual property from Dice Enterprises. This acquisition encompasses an AI-enabled spend management platform, enterprise customer contracts, proprietary intellectual property, and a robust technology infrastructure.
The legal intricacies of this transaction were managed by NovoJuris Legal. The firm played a pivotal role in advising Zaggle on structuring the acquisition deal. Their responsibilities extended to conducting due diligence, drafting transaction documents, ensuring compliance with regulatory requirements for a publicly listed entity, and overseeing all facets of the acquisition process.
The NovoJuris Legal team was led by Sharda Balaji, Founding and Managing Partner, along with Amol Chitnis, a Junior Partner, and Anjana Hegde, an Associate. They were supported extensively by their diligence team, ensuring a seamless transaction.
Established in 2011, Zaggle is renowned for its technology-driven solutions that revolutionize spend management. By automating workflows, enhancing transparency, and boosting operational efficiency, Zaggle offers a comprehensive 360-degree business spend management platform. This platform streamlines various processes, including employee benefits, rewards and recognition, and expense management.
The acquisition of DICE is a strategic move for Zaggle, aimed at fortifying its AI-powered spend management and enterprise automation capabilities. Moreover, this acquisition is expected to expand Zaggle’s enterprise customer base and enhance its technological assets.
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