Digital technology company, STL announced that it has entered into definitive agreements to acquire Italy-based Optotec S.p.A, Optical Interconnect Products Company. According to the announcement – the transaction is structured to acquire 100% of Optotec’s shareholding on closing at an enterprise value (EV) of €29Mn (29 Million euros). The deal will be financed by a…
Global Engineering and Product R&D Company – ASM Technologies Ltd. has acquired the India offshore delivery centre of Swedish Firm – Semcon. The technology firm is headquartered in Sweden and help their customers in transforming technology into better user experiences by uniting premium physical and digital solutions. According to the press statement – ASM Technologies…
French financial services company, Worldline has acquired Ingenico, another France–based finance company to become the largest European payments firm. This step will take Worldline closer to its aim of enabling sustainable and profitable economic growth for banks, merchants and the entire payments ecosystem. According to the announcement – Merchants can expect solutions and services that…
The Carlyle Group which is a global investment firm has announced the appointment of former Chief Executive Officer of HDFC Bank, Aditya Puri as its Senior Advisor in Asia. Mr Puri will advise the Carlyle team on investment opportunities across Asia and will also provide guidance on the changing market landscape and new opportunities for…
Global measurement and data analytics company, Nielsen has entered into a definitive agreement under which affiliates of Advent International (“Advent”), global private equity investor, in partnership with James “Jim” Peck, former Chief Executive Officer of TransUnion, will acquire the Nielsen Global Connect business for $2.7 billion (subject to working capital, cash, debt-like items and other…
Professional services firm, Aon appoints President of League Operations at the National Basketball Association (NBA) – Byron Spruell to its Board of Directors. Speaking on the appointment, Lester B. Knight, Chair of Aon’s board said – “We are pleased to welcome Byron Spruell to the Aon Board of Directors. With his dynamic leadership skills, unwavering…
Nestlé USA has announced the acquisition of Freshly, a New York-based startup for $1.5B and additional earnouts of up to $550 million based on future growth of the startup. Nestlé USA Chairman and CEO Steve Presley, said in a statement – “Consumers are embracing ecommerce and eating at home like never before. It’s an evolution…
Gurugram-based restaurant aggregator Zomato has made crucial changes in the leadership team. Akshant Goyal has been named the company’s new Chief Financial Officer (CFO) and Akriti Chopra will now lead people development for the company. An alumnus of IIM-Ahmedabad and Delhi College of Engineering, Akshant Goyal co-founded PinCap and served as its CFO prior to…
“This acquisition continues to build on our depth of expertise in Digital Transformation consulting for financial services and insurance firms.”- Faisal Husain, Co-founder and Chief Executive Officer of Synechron Synechron, New York-based Digital Transformation consulting firm for the financial services industry announced the acquisition of Citihub Digital, a technology consulting firm. With Citihub Digital’s focus…
Aurobindo Pharma has announced that it has reached a definitive agreement to sell its subsidiary – Natrol LLC to New Mountain Capital, which will combine it with Jarrow Formulas. This transaction is expected to close by January 2021 subject to customary closing conditions and regulatory approvals. The pharma firm is looking to use the proceeds…
Boston Consulting Group announced the launch of the Catalyst Cloud data platform by BCG, powered by Microsoft Azure. This SaaS-based, scalable and extensible platform combines BCG’s Digital IP, business process acumen with Microsoft’s cloud computing capabilities in a next-generation platform that will help customers use AI and advanced analytics to manage their data, strategy and…
Bambuser and Relatable announced the launch of an exciting new partnership that sees Bambuser’s industry-leading Live Video Shopping technology integrated with Relatable’s capabilities to deliver new levels of data-driven influencer marketing and creative content creation at scale to Direct-to-Consumer brands globally. Together the businesses provide a broader, more competitive and comprehensive offering, Bambuser said in…
Cybint, a global leader in cyber education, has announced its First Certified Training Partner in India – Astraea Solutions. Through this partnership Astraea solutions will bring Cybint’s world-class Cyber Bootcamp to India in two phases. In phase one, with COVID top of mind, Astraea will offer Cybint’s career-oriented cybersecurity bootcamp through remote learning. In phase…
Google Cloud and Amwell announced that they have entered into a multi-year, strategic partnership to deliver transformative telehealth solutions across the global healthcare ecosystem. Together, the companies will endeavor to expand access to virtual care, improve patient and clinician experiences, and leverage their unique capabilities to deliver new, differentiated healthcare solutions—across the continuum of care,…
NIIT Technologies, a global IT solutions and services organization, announced that the company has begun operating under a new name Coforge Limited with a newly designed company logo unveiled today. This renaming initiative reflects both the evolution of the company as well as its vision for the future. Tracing its roots back to 1981, the…