eCommerce firm Klisma is looking for buyer to sell stake

Klisma_logoNASDAQ listed online discount retailer based in Salt Lake City, Overstock.com was reportedly in discussions to acquire Pune based corporate eCommerce company Klisma in which the IT services company Persistent Systems holds 50% stake.

According to reports, Persistent is looking to exit Klisma, and for this Klisma is having talks with multiple suitors, including Payback companies.

However Persistent has called the reports as speculative and even said that they didn’t have any prior knowledge about the News until they received communication from the outsiders.

The company has released the following statement for the same:

“1. The Company states that the News Item is not issued by the Company or its official nor the Company or its official was a party to the News Item;

2. The Company does not take responsibility of the News Item in any manner. The News Item is speculative and the Company does not take any responsibility of the contents of the News Item.

3. We assure you that in case there are any activities which the Company needs to communicate to the stakeholders, we will continue to promptly communicate it.”

Klisma is a corporate eCommerce company, helping employees buy goods online and enabling employers with a platform for staff rewards and recognition. It works with over 70 corporates, mostly technology companies covering about 3 lakh employees.

Currently it is operational in 8 locations, including Mumbai, Bangalore, NCR-Delhi, Chennai, Pune, Hyderabad, Nagpur and Goa.

Klisma was incubated by Persistent in 2011, and was founded by retail professional Ajay Aggarwal whose previous company Seacom Solutions was acquired by Zensar Technologies.

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