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Rockwell Automation, Inc. has announced the signing of an agreement to acquire privately held Avnet Data Security, LTD, an Israeli-based cybersecurity provider with over 20 years of experience providing cybersecurity services. Avnet offers a full set of IT cyber services and solutions ranging from assessments, penetration testing, network & security solutions, and training to converged…
Adobe has announced the appointment of Anil Chakravarthy as executive vice president and general manager, Digital Experience. Before joining Adobe, Chakravarthy was associated with Informatica, a global leader in enterprise cloud data management, as CEO since January 2016. In this role, Chakravarthy will be leading Adobe’s Digital Experience business, reporting directly to Adobe president and…
“My time with IBM has been among the most fulfilling periods of my career, working closely with clients on their most challenging business transformation initiatives. I’ve valued this opportunity tremendously and will take only good memories with me to this next important chapter – one that many of you will have undertaken.” she said.
Ashok Leyland and ABB Power Products and Systems India Limited have signed a Memorandum of Understanding (MoU) in the public e-mobility space, to expand the ecosystem for efficient and greener electric bus transportation systems in India. The MoU outlines a partnership to develop a pilot electric bus based on ABB’s innovative flash-charge technology, TOSA, which…
Masayoshi Son-led SoftBank is planning to sell its majority stake in SBG Cleantech, its high-profile renewables joint venture in India, as per a report by the Economic Times. The move has been seen as part of SoftBank’s ongoing review of businesses around the world to increase liquidity. Reports even suggest that SoftBank has invested close…
Mamaearth, a mother and child care products, has raised Rs 130 crore led by Sequoia India with participation from existing investors Fireside Ventures, Stellaris Venture Partners, and Sharp Ventures. The company was founded by Ghazal Alagh, and Varun Alagh in 2016. The company will utilize these funds to continue its growth building it into a…
Bounce, an Indian scooter rental start-up, has raised ₹692.39 crore as a part of its Series D round of funding. The round was co-led by Facebook co-Founder Eduardo Saverin’s B Capital and Accel. The company was founded by Vivekananda H.R., Anil G, and Varun Agni in 2014. Other investors who participated include existing investors Chiratae…
Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has been recognized as a Leader in the NelsonHall NEAT for Agile DevOps and Automated Development services. TCS’ organization-wide focus on instilling agile principles, end-to-end DevOps platforms, and large, distributed scaled agile delivery experience, were cited as strengths. According to the report,…
KKR, a global investment firm has announced that it has acquired Riata Corporate Park in Austin, Texas, in a deal valued at approximately $258 million. Riata Corporate Park is an eight-building, 688,100 square foot, Class A office campus located in Northwest Austin, Austin’s largest office submarket. The acquisition includes an adjacent land site that is…
Giving a major boost to the development of natural gas grid in North-East India, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved Viability Gap Funding/ Capital Grant of – 60% of the estimated cost of Rs. 9,265 crore for the project to Indradhanush Gas Grid Limited (IGGL). The…
Mahindra Logistics Ltd. (MLL), one of India’s largest 3PL solution providers, has recently launched a state-of-the-art distribution center for the Pharma industry in North India. With this launch, MLL forays into a first-of-its-kind temperature-controlled warehouse in the Pharma sector. Through this facility, MLL will manage the warehousing and distribution for its client, in addition to…
Accenture has agreed to acquire Symantec’s Cyber Security Services business from Broadcom, Inc. The acquisition will make Accenture Security one of the leading providers of managed security services, further enhancing its ability to help companies rapidly anticipate, detect and respond to cyber threats. Financial terms were not disclosed. Symantec’s portfolio of Cyber Security Services includes…
At the 2020 Consumer Electronics Show (CES), IBM has announced the launch of Advertising Accelerator with Watson, a first-to-market offering that leverages artificial intelligence (AI) to predict the optimal combination of creative elements to help drive high engagement and conversion for a given audience. The predictive solution from IBM leverages Watson to create campaigns designed…
Grey Group India, an advertising and marketing organizations, named Anusha Shetty as chairman and group chief executive (CEO). She replaces Yashaswini Samat who will be relocating to Singapore to take up a senior integrated role at the agency.
ASA International India Microfinance, a part of the ASA International group, has raised EUR 10 Mn foreign currency funding from German Impact Investor – Invest in Visions (IIV). IIV which manages the IIV Mikrofinanzfonds, an impact investment fund was advised by Agents for Impact for this transaction. The deal marks the first foreign currency transaction…