Yantra Corporation

Technology Yantra to be acquired for $170M Email Share Share Tweet Save Print Order Reprints IN THIS ARTICLE Devdutt Yellurkar Person By – Boston Business Journal Dec 20, 2004, 10:56am EST Updated Dec 20, 2004, 11:26am EST Yantra Corp., a venture capital-backed company based in Tewksbury, is being acquired by a subsidiary of SBC Communications Inc. for $170 million in cash. Local investors in Yantra are Boston Millennia Partners, Charles River Ventures and Flagship Ventures. Yantra has raised over $76 million in capital. Sterling Commerce, located in Ohio, is buying Yantra and plans to retain Yantra's 250 employees and operate Yantra as a new business division. Yantra CEO Devdutt Yellurkar will head the division. Yantra sells distributed order management and supply chain software. Sterling builds multi-enterprise collaboration platforms. Sterling will incorporate Yantra's application suite into its own product, and to sell it as a software application and a hosted service. The deal, which is subject to regulatory review, is expected to be complete early in the first quarter. Yantra was founded in 1995 as a spinoff of Infosys Technologies Ltd. (Nasdaq: INFY). Besides its Tewksbury headquarters, Yantra has offices in Duluth, Ga.; Redwood City, Calif.; Naperville, Ill.; Bangalore, India; and Berkshire, U.K. SBC (NYSE: SBC), Sterling's parent company, is following a growth strategy through acquisition. SBC owns 60 percent of Cingular Wireless and purchased YellowPages.com jointly with BellSouth.