Cisco and IMImobile PLC have reached agreement on the terms of a recommended cash offer pursuant to which Cisco will pay 595 pence per share in exchange for each share of IMImobile, or an aggregate purchase price of approximately USD $730 million assuming fully diluted shares, net of cash and including debt. IMImobile provides software…
Tata Consumer Products, a F&B focused consumer products company, has decided to divest its MAP Out of Home coffee business in Australia to Buccheri Group Pty Ltd, a Boutique Coffee manufacturer established in Australia in 2007, and led by Santo Buccheri and his family. This divestment does not impact Tata Consumer Products’ existing branded tea…
In the Global Wage Report, the International Labor Organization analyses the impact that the Covid pandemic has had on jobs in the world.
The Asian Development Bank (ADB) announced it has approved a combined sovereign and non sovereign loan of $190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India. The ADB assistance for the Bengaluru Smart Energy Efficient Power Distribution Project includes a $100 million sovereign loan and…
Service Express, a leading Third-Party Maintenance (TPM) provider, has announced the acquisition of Zensar Technologies’ third-party maintenance division. Zensar Technologies is a global IT services company based in India. As a result of the acquisition, Service Express will strengthen its international presence while providing Zensar’s maintenance customers with best-in-class data center support. Zensar provides its…
Facebook announced they were acquiring Kustomer, a startup company that specialises in customer-service platforms. The deal was for just over $1 billion according to a report of The Wall Street Journal Brad Birnbaum, CEO, Kustomer, said – “Throughout the last five years, we have had the opportunity to power the customer experiences of many of…
The largest airline in the US, Southwest Airlines, has announced that it is planning to lay off at least 6,800 workers. This will be the first involuntary job cuts in the 49-year long history of the carrier.
IBM and The Piaggio Group, European leader and one of the main world players in the scooter and motorcycle market, also active in the field of robotics with the production of ground drones, have announced the completion of an international project to transition Piaggio’s management applications to SAP S/4HANA. The solution will accelerate and simplify…
Andy Brown and Moritz Baier-Lentz have joined Zytara’s board of advisors. Andy Brown is the CEO of Sand Hill East, which provides strategic management, investment and marketing services to companies. Mr. Brown served as Group Chief Technology Officer of UBS, an investment bank. Prior to that, Mr. Brown served in a variety of executive management…
Nexus Capital Management LP, a Los Angeles-based private equity firm, has signed a definitive agreement to acquire the Natural Balance premium pet food business from The J.M. Smucker Co. “We are extremely excited by the opportunity to acquire the Natural Balance business,” said Damian Giangiacomo, Partner at Nexus. “We believe in the brand’s strong legacy…
A part of the Dubai-based retail and hospitality conglomerate, Landmark Group, Lifestyle International Pvt. Ltd, has appointed Mr. Kabir Lumba as Chairman of the Board, effective 1st April 2021. Mr. Lumba, CEO designate, Landmark Retail, Middle East, will be taking over the role from Mr. Ramanathan Hariharan, who will be retiring on the 31st of…
Infosys, a global leader in next-generation digital services and consulting, together with HFS Research unveiled a market study titled, ‘Nowhere to Hide: Embracing the Most Seismic Technological and Business Change in our Lifetime.’ Focusing on how the COVID-19 pandemic has impacted businesses across industries, this joint study by Infosys and HFS Research revealed that numerous…
LafargeHolcim, a global leader in building solutions, has announced its CHF 100m ($111.89 million) investment in India in waste heat recovery systems to accelerate its net zero journey. This investment across six sites will be completed in the next two years, doubling LafargeHolcim’s waste heat recovery systems, which use thermal heat to produce decarbonized electricity,…
The Aspen Institute Future of Work Initiative has released a new report, Building A Lifelong Learning System: A Roadmap for Cities, outlining strategies for cities to strengthen education and workforce systems to support lifelong learning. This report is the culmination of a $1.25 million grant from the Cognizant U.S. Foundation to advance local education, training,…
Pearson, a learning company, has announced that Mike Howells will become its new Chief Strategy Officer to strengthen its focus on building a direct, lifetime relationship with learners around the world and to enhance its partnerships with learning institutions globally. Mike will strengthen Pearson’s global corporate and educational partnerships as the company aims to expand…