Cloud computing services provider, Sinch, has announced that Softbank-owned SB Management has bought a 10.1% stake in the company. Sinch said in a statement it had issued 3.2 million new shares at a subscription price of 1.050 crowns per share, a 6.6% discount to Monday’s closing price, raising about 3.3 billion Swedish crowns ($386 million)…
ServiceNow has signed an agreement to acquire Element AI, a leading artificial intelligence (AI) company. The acquisition of Element AI is ServiceNow’s latest strategic investment to accelerate AI innovation in the Now Platform. The acquisition is expected to significantly enhance ServiceNow’s efforts at building a better and more intelligent workflow platform to enabling employees to…
CG Power and Industrial Solutions said Murugappa Group firm Tube Investments of India Ltd has acquired a controlling stake in it and now holds 50.62 per cent of the company’s paid-up share capital. The company infused Rs 700 crore into the company and appointed directors on its board. According to the stock exchange filing, CG…
Adani Transmission Ltd (ATL), India’s largest private sector power transmission company, announced it has acquired 49% stake in Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd. (KPTL) with agreement to acquire balance 51% after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement. The share acquisition is pursuant to…
Laurus Labs announced it has signed a definitive agreement to acquire 72.55% of Richcore’s shares from Eight Roads Ventures and VenturEast for a value of Rs. 246.7 crores. Richcore, a fast-growing biotech company based in Bengaluru with its advanced R&D and manufacturing facilities, develops and manufactures biotech products critical for manufacturing biological drugs. Richcore also…
upGrad, India’s largest online higher education company, announced its entry into the test preparation market with the 100% acquisition of The Gate Academy (TGA) for an undisclosed amount. Bengaluru-based TGA is one of India’s premier coaching institutes with 57 centers across India and 76 million video hours consumed by its almost 2 lakh enrolled learners…
Kahoot!, the global learning platform company, has announced the acquisition of Drops, one of the fastest growing language platforms in the world. Through this acquisition, Kahoot! plans to further expand its platform and make language learning awesome for millions of Kahoot! users worldwide as well as bring the magic of Kahoot! to Drops users. “We…
GlobalLogic Inc., a leader in Digital Product Engineering, announced that it has acquired ECS Group, a leading digital transformation and DevOps consultancy. Terms of the transaction were not disclosed. Headquartered in London, ECS delivers digital solutions that harness the latest cloud technologies, with a focus on Digital Engineering, Data Analytics and Customer Experience. The company…
CompuGroup Holding USA, Inc., a 100 % subsidiary of CompuGroup Medical SE & Co. KGaA, has announced that it is acquiring 100 % of eMDs, Inc., a leading provider of integrated electronic health records, practice management software, revenue cycle management solutions, and credentialing services for physician practices and enterprises. “Today, CompuGroup Holding USA and MDeverywhere…
EbixCash, a fully owned subsidiary of Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, announced that it has acquired a 70 percent stake in pan-India based BPO company AssureEdge Global Services. AssureEdge is today recognized as the first independent customer retention and customer…
The Western Union Company, a global leader in cross-border, cross-currency money movement and payments, announced that the Company has entered into a definitive agreement to acquire a minority stake in fast growing Saudi Digital Payments Company, or stc pay, a fully owned subsidiary of Saudi Telecom Company. According to the terms of the transaction, Western…
Bharti Airtel announced it will acquire 5.2 per cent stake in Avaada MHBuldhana, a solar power firm, for Rs 4.55 crore. Avaada MHBuldhana Private Limited, a subsidiary of Avaada Energy Pvt. Ltd(AEPL), is a newly-formed company that is developing a captive generating solar power plant in Maharashtra which will become operational by March 2021, Bharti…
Verizon Media and BuzzFeed announced a new strategic partnership across content and advertising, the acquisition of HuffPost by BuzzFeed, and an investment that will make Verizon Media a minority shareholder in BuzzFeed. Additional terms of the deal were not disclosed. From powering new consumer shopping experiences, to content syndication, to innovative ad products, the partnership…
Inspira Enterprise, the leading name in end-to-end IT solutions, known for its path-breaking technologies and a market leader in cybersecurity consultancy, announced the acquisition of SmartCirqls Infotech’s Splunk business unit, well known for their platform capability in Cybersecurity and Big Data Analytics. “Acquiring the analytics business unit from SmartCirqls will consolidate Inspira’s hold in the…
Mphasis, an Information Technology (IT) solutions provider specialising in cloud and cognitive services, announced its acquisition of Datalytyx, a leading next-gen data engineering and consultancy company. Headquartered in London, Datalytyx provides Next-gen Data Engineering, Data Ops and Master Data Management solutions on Snowflake and Talend environments to clients globally. As the first Snowflake Rockies Partner…