Info Edge India Ltd (NAUKRI:NSI), the Indian job board, announced that it will acquire Zwayam, a recruitment software firm, for INR 610 million (USD 8.3 million).

Zwayam is engaged in the business of providing SaaS (software as a service) based sourcing and screening recruitment solutions and providing end-to-end recruitment solutions with configurable plug and play modules.

 The group said the acquisition will be complete on or before 30 June 2021 after which Zwayam will become a wholly-owned subsidiary of the company .

“The proposed acquisition would help the company to further consolidate its position in the online recruitment solutions segment where its flagship brand Naukri.com already has an established leadership position,” Info Edge claimed.