OwnBackup, a cloud to cloud data protection provider, has announced the acquisition of Nimmetry, based in Santa Clara, CA, with a presence in Hyderabad, India. Nimmetry provides a unified platform for integration of big and small SaaS-based data using a microservices architecture. “This acquisition accelerates OwnBackup’s multi-cloud strategy. The entrance into the Indian market and…
QYOU Media Inc. has announced that it has entered into a definitive share purchase agreement to acquire 100% of the issued and outstanding shares of Chatterbox Technologies Private Limited (Chtrbox), an influencer marketing company based in India. Curt Marvis, CEO and Co-Founder of QYOU Media Inc. commented, “This is an incredibly exciting day for our…
India-based technology company Infra.Market has acquired majority stake in Hyderabad-based Sociam Equipment Solutions Pvt. Ltd. It is an equipment solutions platform and owns Equiphunt. The financial details of the deal was not disclosed. Aaditya Sharda, co-founder – Infra.Market, said, “Construction is one of the largest components in India’s economy and yet ironically one of the…
Lineage Logistics, LLC, a temperature-controlled industrial REIT and logistics solutions provider, has announced that it has closed the acquisition of UTI Forwarding, a Rotterdam-based freight forwarder. “Together with UTI we will create even greater opportunities to provide end-to-end supply chain offerings for our shared customers,” said Mike McClendon, President of International Operations & EVP of…
Phoenix Group, a group of companies with expertise in software, robotics & automation Products/solutions, has announced the acquisition of Bit Mapper Integration Technologies (BMIT) Pune, Maharashtra. With this acquisition, Phoenix Group intends to expand its strength in Engineering, robotics & IIoT while blending in BMIT’s expertise in high-end FPGA & embedded designing. Mr. Amit Mahajan,…
Olympus Corporation (Olympus – Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) announced that it has finalized the acquisition of Israeli medical device company Medi-Tate Ltd. (“Medi-Tate” – CEO: Ido Kilemnik) following the announcement of its decision to exercise the call option in February, 2021. Through this acquisition, Olympus expands its business line in…
LiveXLive Media, a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions, announced that it has entered into a binding Letter of Intent (LOI) to acquire Gramophone Media, Inc., an artist and brand development company…
Tata Digital said it has acquired a majority stake in online grocery BigBasket, according to ETtech report. Financial details of the deal were not disclosed. According to regulatory filings, the company has acquired around 64% stake in Supermarket Grocery Supplies—the business-to-business entity of the online grocer. The deal was cleared by the Competition Commission of…
IT major Tata Consultancy Services (TCS) said it has completed the acquisition of GE’s stake in Tata Consultancy Services Saudi Arabia, according to PTI report. In January this year, TCS had said it will acquire GE’s stake in Tata Consultancy Services Saudi Arabia for USD 12,471 (about Rs 9.13 lakh). “The acquisition was to be…
Datamatics, a Digital Technology & BPM company, announced it has acquired remaining stake in Cybercom Datamatics Information Solutions Limited (CDIS) for ₹ 30.82 million. “This is to inform you that Datamatics Global Services Limited (“the Company”) had a Joint Venture agreement with Cybercom Group AB (“CYBERCOM”) through a JV Company i.e. Cybercom Datamatics Information Solutions…
Accenture has acquired Industrie&Co, a technology consultancy that designs and creates cloud native solutions for enterprises and “born in the cloud” fast emerging companies. Terms of the transaction are not being disclosed. The acquisition expands Accenture’s Cloud First capabilities in delivering cloud native services for clients, particularly within financial services, as they increasingly transform into digital…
Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s…
Lithium Urban Technologies, India’s leading first zero emission transport service, has acquired 100% stake in SmartCommute, a software-as-a-service (SaaS) platform that provides end-to-end transportation services to corporate employees, according to ETAuto report. The acquisition enables the B2B fleet operator foray into the SaaS domain as a new business vertical to scale up its presence in…
Zscaler, a cloud security firm, has announced that it has entered into a definitive agreement to acquire Smokescreen Technologies, an active defense and deception technology firm. “Smokescreen’s cutting edge capabilities will be integrated into the Zscaler Zero Trust Exchange™, further building upon Zscaler’s ability to precisely detect the most sophisticated, highly targeted attacks, ransomware, and…
TTTech Industrial Automation AG has acquired core technology and strategic customers from pioneering fog/edge computing start-up Nebbiolo Technologies in a deal closed in May. Integrating features and know-how from Nebbiolo Technologies will support TTTech Industrial’s commitment to delivering the world’s most advanced industrial edge computing platform to its customers, the statement said. TTTech Industrial has…