Samvardhana Motherson Automotive Systems Group BV (SMRPBV) a 100 % subsidiary of Samvardhana Motherson International Limited (SAMIL) has entered into an agreement to acquire 100% stake in SAS Autosystemtechnik GmbH (Germany) (SAS) from Faurecia, a company of the FORVIA Group (an entity listed on Paris stock exchange). “SAS” is a leading global provider of assembly…
Accenture has made a strategic investment, through Accenture Ventures, in Ocean Genomics, a technology and AI company that has developed advanced computational platforms to assist biopharma companies to discover and develop more effective diagnostics and therapeutics. Based in Pittsburgh, U.S., Ocean Genomics creates software that provides modeling and an understanding of changes and variants in mRNA to enable…
S&P Global Mobility has announced the acquisition of Market Scan Information Systems, Inc., a leading provider of automotive pricing and incentive intelligence, including Automotive Payments as a Service™ and its powerful payment calculation engine. The addition of Market Scan to S&P Global Mobility will enable the integration of detailed transaction intelligence in areas that are complementary…
Blockedge Technologies Inc., a leading enterprise blockchain technology platform, and Suvik Technologies FZE, a UAE-based public blockchain technology company, announced the signing of a memorandum of understanding to form a joint venture in Dubai, aimed at creating tools that empower organizations globally migrate to WEB3 technologies. With the right complementary ingredients to facilitate the movement…
Edelman Global Advisory (EGA), a specialist agency providing business and government advisory services, announced that it has acquired Distrito Government Relations, expanding its advisory services in Latin America. Distrito, headquartered in Brasilia, brings an innovative approach to government relations with a diverse team of professionals. EGA is part of Daniel J. Edelman Holdings, which, in Brazil,…
Flex announced the opening of its new Global Business Services (GBS) center in Coimbatore. This will be Flex’s third GBS center in India that will complement its existing GBS facilities in Chennai and Pune. “Our Global Business Services and Solutions has evolved to be an integral part of Flex operations with resilient business continuity capabilities.…
TheMathCompany, an Illinois-headquartered leading global data analytics and engineering firm has expanded its operations in Chennai. The company’s new office in the city is designed to meet the requirements of a futuristic and modern workplace, and was inaugurated today by Sayandeb Banerjee, Chief Executive Officer & Cofounder, and Hon’ble T. R. Paarivendhar, Member of Parliament, and Founder and Chancellor…
Venwiz, a digital platform enabling services procurement in the manufacturing industry, said it has raised $8.3 million in an early-stage funding round dubbed Series A, led by Sorin Investments, according to ETtech report. Sorin Investments is founded by Sanjay Nayar, former KKR India head. Other investors in the funding round included two returning investors Accel…
HireSure.ai, an HRtech platform that enables companies to leverage data in making more efficient compensation decisions, has raised $2.5 million in seed funding led by Y Combinator and Binny Bansal’s Three State Capital. San Francisco-based Tribe Capital andPioneer fund also participated in the round. The company plans to use the funds to strengthen the community, build new products and primarily scale up the engineering and product teams for product development, a statement…
Godrej Industries Limited announced it has acquired 26 per cent equity stake in Clean Max Kaze Private Limited (Clean Max), a subsidiary of Clean Max Enviro Energy Solutions Private Limited. According to the company’s exchange filing, “we would like to inform you that Godrej Industries Limited (“the Company”) has acquired 26% (Twenty Six per cent)…
Accenture has acquired Morphus, a privately held Brazil-based cyber defense, risk management and cyber threat intelligence services provider, expanding its practice capabilities in Brazil and Latin America. Financial terms were not disclosed. Founded in 2003, Morphus is headquartered in Fortaleza, which is in the Ceará region in northeastern Brazil, with offices in Recife, São Paulo, Rio de…
Via, the global leader in transportation technologies, announced that it has closed a funding round led by 83North, with participation from new and existing investors, including Exor NV , Pitango , Janus Henderson , CF Private Equity, Planven Entrepreneur Ventures , Riverpark Ventures and ION Crossover Partners. The round values Via at USD 3.5 billion, at the same price per share as the company’s…
Kotak Mahindra Bank (KMBL) announced that it has executed binding share purchase agreement(s) to acquire 100% of equity shares of Sonata Finance Private Limited (SFPL), a Non-Banking Finance Company, classified as an NBFC-MFI, from existing shareholders, subject to regulatory and other approvals, including from Reserve Bank of India. The acquisition is for an aggregate all-cash…
Rezolve.ai, an AI-powered employee service SaaS platform based in California, announced that it has closed around $11 million in Series A — led by the SIG Venture Capital with participation from Exfinity Venture Partners and follow-on investments from existing investors 9Unicorns and Tri Valley Ventures. The funds will be used to scale growth and further…
Boasso Global, Inc. (Boasso) and Q Super Holdings, Inc. (Quala) announced the signing of a definitive agreement under which the companies will merge their complementary businesses to create one of the leading infrastructure services solution providers for the liquid bulk logistics industry. The transaction is supported by a new investment from Boasso’s majority shareholder, KKR, through its KKR…