NetSPI, a leader in enterprise penetration testing and attack surface management, announced that global investment firm KKR is increasing its investment in the company with $410 million in new funding. The growth investment validates NetSPI’s significant outperformance since KKR’s initial investment in May 2021 and will support NetSPI’s continued technology innovation, talent acquisition, and global expansion, as well as recapitalizing NetSPI’s first institutional…
Accenture has acquired Blackcomb Consultants, a leading independent Guidewire partner in North America. Terms of the transaction were not disclosed. The acquisition enhances Accenture’s ability to deliver Guidewire solutions to insurers globally to help them become “cloud-first” businesses. Guidewire’s end-to-end technology platform combines digital, core analytics and artificial intelligence capabilities across the underwriting, billing, claims and…
Velodyne Lidar, Inc. announced the company has acquired Bluecity, a Montreal-based artificial intelligence (AI) software company whose next-generation, lidar-based solutions solve safety, traffic and infrastructure issues. The all-stock acquisition reinforces Velodyne’s commitment to enabling customer success by delivering industry-leading, AI-powered autonomous vision solutions. The addition of Bluecity is expected to be immaterial to operating expenses and cash…
Jubilant Foodworks Netherlands B. V. (JFN), a wholly-owned subsidiary of Jubilant FoodWorks Limited, announced it has increased its stake in DP Eurasia N.V., the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia. According to the company’s exchange filing, “we wish to inform that Jubilant Foodworks Netherlands B.V. (“JFN”), wholly owned…
EV startup Euler Motors announced it has raised $60 million in funding led by Singapore’s sovereign wealth fund GIC. Moglix, Blume Ventures, Athera Venture Partners (formerly Inventus India), QRG Holdings, and ADB Ventures also participated in the funding round. Euler builds three-wheeler commercial vehicles for its partner companies to use for their logistics requirements. The…
Medcare, the premium healthcare provider under the Aster DM Healthcare group, announced its expansion into the premium wellness and beauty care segment with the acquisition of 60 % share in Skin 111 Clinics. Skin111 Clinics is an award-winning premium chain of aesthetic and wellness centres offering patients customised invasive and non-invasive beauty treatments, combining conventional…
NIIT Limited, a global talent development corporation and leading provider of managed training services has signed a definitive agreement to invest growth capital in KNOLSKAPE Solutions PTE.LTD, a leading Experiential Learning Platform company. Under the agreement, NIIT would invest USD 2 million in compulsorily convertible preference shares to be issued by KNOLSKAPE. The funds are part of the total round…
ABB, a global technology company, has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between…
Vontier Corporation (Vontier) announced that it completed its previously announced acquisition of Invenco, a leading global provider of open platform retailing and payment hardware and software solutions. Invenco will function as part of Gilbarco Veeder-Root (GVR), an operating company within the Mobility Technologies platform, to help expand their software-enabled workflow solutions and subscription business model. As…
Vertices Partners announced an expansion in the Firm’s offerings with the acquisition of LegumRadix & Associates, a Corporate Commercial law firm that specializes in Compliance and Regulatory Advisory services. Manasi Pathak Verma, formerly the Founder & Managing Partner at LegumRadix, along with a team, has also joined the Vertices Team as the latest Partner in…
Globant, a digitally native technology services company, announced that it had acquired Sysdata, an Italian business and technology consultancy focused on delivering digital transformation. The company has developed a robust service offering and a prosper customer portfolio since it was founded in 1980. With this acquisition, Globant lands in Italy and reinforces its strong presence in Europe. At…
Silicon Labs, the leader in secure, intelligent wireless technology for a more connected world, announced the official inauguration of its new office in Hyderabad, located at Salarpuria Sattva Knowledge City. This will be Silicon Labs’ largest global centre for engineering and wireless connectivity innovation. With its expansion in Hyderabad, Silicon Labs can continue to grow its talented team…
Universal Music India (UMI), a division of Universal Music Group (UMG), the world leader in music-based entertainment, announced that it has acquired a majority stake in one of India’s leading music and entertainment companies, TM Ventures. Together UMI and TM Ventures will work across its talent management, entertainment consultancy and live/events businesses, accelerating UMI’s leadership of the domestic…
Wasabi Technologies, the hot cloud storage company, announced it has achieved unicorn status following $250 million in new funding. Wasabi raised $125 million in Series D equity led by L2 Point Management with participation from Cedar Pine; an affiliate of Cerberus Capital Management; and returning investors including Fidelity Management & Research Company and Forestay Capital, bringing the company’s…
Torrent Pharmaceuticals Limited (Torrent Pharma) has entered into definitive agreements to acquire 100% of Curatio Healthcare (I) Private Limited (Curatio) for Rs. 2,000 crores. The consideration includes Rs. 115 crores (on the date of signing) of cash and cash equivalents in the acquired business indicating an Enterprise Value of Rs. 1,885 crores, a statement said.…