SBI Life Insurance Company said it has acquired nearly 9 per cent stake in non-banking finance company Paisalo Digital for about Rs 186.20 crore through the open market. SBI Life has acquired a total of 38,00,000 equity shares equivalent to 8.99 per cent at Rs 489.99 per share for a cash consideration as an ordinary…
Bloomberg, the global business and financial information and news leader, announced that it has completed its acquisition of Second Measure, a consumer data analytics company that analyzes billions of anonymized purchases to help investors and businesses gain insight into company performance and consumer behavior. Bloomberg acquires Second Measure’s proprietary analytics for daily tracking and real-time…
Sandvik, a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability, has signed an agreement to acquire DSI Underground, the global leader in ground support and reinforcement products, systems and solutions for the underground mining and tunneling industries. The company will be reported in Sandvik Mining and Rock…
Tata Communications, a global digital ecosystem enabler, has acquired a majority equity stake of 58.1% in Oasis Smart SIM Europe SAS (Oasis), a France-headquartered firm that develops and provides advanced technologies and personalised services to enable the deployment of eSIM and SIM technologies. With this investment, eSIM technology will be fully integrated into Tata Communications…
Firstsource Solutions Limited, a global provider of Business Process Management (BPM) services and a RP-Sanjiv Goenka Group company, announced that the firm has acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider. PatientMatters unifies disparate registration, bill estimation, and financial services with intelligent workflows and eligibility services, improving revenue realization for Hospitals. The company…
Dubber Corporation Limited (Dubber), the global leader in Unified Call Recording & Voice Intelligence, announced it has acquired Speik – a leading UK-based provider of call recording and PCI Compliance solutions. The acquisition furthers Dubber’s vision of dubbing the world’s networks and communications solutions to put AI on every phone, transforming voice data into a…
Garment Mantra Lifestyle Ltd (Erstwhile Junction Fabrics & Apparels Ltd) has announced the acquisition of 83.80% stake in Jannat Fabrics and Apparels Private Limited. As a part of the group restructuring exercise, the Company has acquired 83.80% stake in Jannat Fabrics and Apparels Private Limited. The management is expecting to acquire 100% stake in next…
Cognizant announced it has acquired Inawisdom, a UK-based, privately-held consultancy specializing in artificial intelligence, machine learning, and data analytics to help businesses make better, faster decisions that improve business outcomes. Financial details were not disclosed. Cognizant has invested more than $1.1 billion this year alone for acquisitions. Inawisdom focuses on delivering cloud-native, full-stack solutions leveraging…
Lockheed Martin Corporation announced it has entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc for a total transaction value of $4.4 billion including the assumption of net cash. Commenting on the acquisition, James Taiclet, Lockheed Martin president and CEO, said, “Acquiring Aerojet Rocketdyne will preserve and strengthen an essential component of the…
Globant, a digitally native technology services company, has announced the acquisition of Spain-based Bluecap, a specialized consultancy firm that leverages advanced analytics to develop new business models for financial institutions. With this acquisition, Globant reinforces its leading position in transforming organizations while it continues expanding its operations in Europe. Bluecap will maintain its name and…
Eli Lilly and Prevail Therapeutics Inc. have announced a definitive agreement for Lilly to acquire Prevail for $1.040 billion. Prevail is a biotechnology company developing potentially disease-modifying AAV9-based gene therapies for patients with neurodegenerative diseases. The acquisition will establish a new modality for drug discovery and development at Lilly, extending Lilly’s research efforts through the…
eClerx Services Ltd, a Mumbai-listed firm that provides critical business operations services to over fifty global Fortune 500 clients, has announced the acquisition of Personiv, a US-based digital marketing and back office services provider. According to a stock-exchange filing, eClerx will acquire Austin, Texas-based Personiv, operated by Eclipse Global Holdings LLC, at an enterprise value…
CSC, a world leader in global business, legal, tax, and digital brand services, announced that it has acquired FIRSTCORP PTE. LTD (FIRSTCORP) and its affiliates, a Singapore-based service provider of company secretary and administration services to corporations and alternative asset managers. All FIRSTCORP employees will join CSC as part of the acquisition, the company said.…
Honeywell announced that it has acquired Sine Group, an Adelaide, Australia-based technology and software as a service (SaaS) company that provides visitor management, workplace and supply chain solutions that are readily accessible with mobile devices. Terms of the deal were not disclosed. Sine’s technologies will support a cloud-based mobile platform for Honeywell Forge, Honeywell’s enterprise…
Hyundai Mobis, the 7th largest leading automotive supplier, announced that the board of directors approved the acquisition of the semiconductor division of Hyundai Autron. Upon receiving the approval, Hyundai Mobis and Hyundai Autron signed a contract to transfer all related employees and assets. The acquisition cost was $122 million. With this acquisition, Hyundai Mobis plans…