Netcore, an Indian technology company, has acquired Hansel.io, a Singapore-based software development firm backed by Vertex Ventures SEA. The transaction closed on November 24, 2020.

Acquirer Netcore (IN)
Target Hansel.io (SG)
Deal value Undisclosed
Type Acquisition
Date closed November 24, 2020
Sell-side advisors Chirate Ventures, Vertex Ventures SEA

The acquisition aims to strengthen Netcore's capabilities in real-time product experience and no-code development platforms. Vertex Ventures SEA facilitated the exit of its investment in Hansel.io through this deal.

Netcore, a provider of marketing automation solutions for enterprises across Asia Pacific, seeks to leverage Hansel.io’s expertise in building custom digital products quickly with minimum coding requirements.

Hansel.io's proprietary no-code platform enables businesses to create and manage complex digital experiences without relying on traditional software development processes. This aligns well with Netcore's strategic focus on customer engagement through advanced martech solutions.