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Nimble, a pet tech company, announced the acquisition of Waggle Ventures Inc, a social platform for pet owners. Post acquisition, Waggle founder Matthew Cavnar will stay on board as an advisor. According to the Company’s press statement, the acquisition will further boost Nimble’s growing customer base through Waggle’s vast social media network. The company has…
GAIL (India) Limited announced plans to invest in startups operating in the area of Compressed biogas (CBG) through its Start-Up initiative ‘Pankh’. GAIL said that it has opened a fresh round for Solicitation of Investment Proposals from Start-Ups operating specifically in the area of CBG. The Start-Ups that are interested in equity investment from GAIL…
The Flipkart Group and Arvind Fashions (AFL) announced that they have strengthened their partnership, through an investment of ₹260 crore by the Flipkart Group to purchase a significant minority stake in AFL’s recently formed subsidiary Arvind Youth Brands which owns the Flying Machine brand. “This investment builds on the long-standing engagement between the two organizations…
Blackbaud, the world’s leading cloud software company powering social good, announced that Page Bullington will take the helm of Blackbaud Foundation Solutions as president and general manager in addition to her role leading Blackbaud Healthcare Solutions, and Chris Krackeler has been promoted to president and general manager for Blackbaud Higher Education Solutions. “Foundations and higher…
San Francisco-based financial technology company Taulia recently announced that it has secured a new strategic investment of $60mn in a new funding round. The funding round was led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital. “The funding will help accelerate growth…
Freshworks, the customer engagement software company, announced that it has completed a key acquisition with Flint, a leading IT orchestration and cloud management platform, to bolster Freshservice’s IT service management (ITSM) and IT operations management (ITOM) capabilities. Freshworks said that the acquisition will provide greater visibility for IT teams to better manage hybrid infrastructure, optimize…
Ireland-based power management company Eaton recently announced that it has appointed Scott Adams as President for eMobility. In this role, he will be based in Southfield, Michigan, and report directly to João Faria, President, Vehicle Group, Eaton. “Adams is responsible for leading all aspects of the business to achieve Eaton’s objectives for top-line revenue growth…
Inimmune, a biotechnology company developing immune therapies and components for more effective vaccines, announced that it has raised $22 million Series A funding led by Two Bear Capital. With this investment, Two Bear Capital’s Founder and Managing Partner Michael Goguen will join Inimmune’s board of directors. “We are excited to partner with Two Bear Capital…
BrowserStack, the world’s leading web and mobile app testing platform, announced the acquisition of Percy, the leading visual testing and review platform. With this acquisition, developers and quality assurance (QA) teams can run everything from visual tests to manual and automated functional tests on BrowserStack’s infrastructure and ship high-quality software at speed, BrowserStack said in…
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced that Celent recognized Majesco with the XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report for the leading score. “Celent would like to congratulate Majesco on winning the…
British lender Metro Bank recently announced the appointment of Robert Sharpe as Chairman to help steer the challenger bank through the economic downturn brought on by the coronavirus crisis. The bank said that it is anticipating that Robert will commence the role from 1 November 2020, subject to regulatory approval. Sharpe, who is currently the…
British department store chain John Lewis recently said that it would close about eight stores in the UK. The move is expected to put around 1,300 jobs at risk in another blow to the UK retail sector. The recent layoffs and cost cutting measures in the retail sector are a result of the impact of…
Largest German airlines Lufthansa will reportedly cut 20% of its leadership positions and 1,000 administrative jobs in a restructuring plan that it announced recently to cope with fallout from the coronavirus crisis. The company had earlier in June had said that it would cut about 22,000 jobs due to impact on business caused by the…
Global technology talent solutions provider Collabera recently announced the appointment of its new CEO, Karthik Krishnamurthy (KK). In his new role, KK will build upon Collabera’s existing position as the leading provider of technology and talent solutions and expand the company’s global capabilities and client reach. “I am proud of the market leadership that Collabera…
At this stage of the Covid19 pandemic and its devastating aftermath on the economy, India needs to protect its youth, to ensure that they do not lose opportunities to develop themselves professionally. To address and help with the problem, Nestlé India has launched a virtual internship programme, “Nesternship”. The programme addresses applications from Graduates in…