Eduvanz, a Mumbai-based finance company that is making education universally accessible by providing easy, transparent and speedy financial assistance using innovative technology solutions, has acquired Klarity, an online one-on-one platform that connects students with professionals in their area of interest to provide video-based mentoring. Financial details of the deal were undisclosed. The acquisition will help…
Ernst & Young announced that Zilker Technology (Zilker), a digital consultancy and systems integrator, has joined the EY organization. The acquisition will help elevate its global e–commerce, digital and cloud capabilities, EY said in a statement. “As businesses continue to tackle large-scale transformation initiatives, this acquisition offers EY clients the unique ability to build engaging,…
Padre Media, a leader in the Digital Publishing space focussed in consumer technology, has announced its latest acquisition of guidingtech.com – a leading technology and how-to site for all things tech. Apart from this, the company also acquired top global YouTube channels Guiding Tech and GT Hindi. “Guiding Tech is a leading technology destination for…
The Flipkart Group announced the acquisition of Scapic, an Augmented Reality company, to enhance its immersive shopping experience capabilities. Founded in 2016 by Ajay Ponna Venkatesh and Sai Krishna V K, Scapic is a cloud-based platform which enables creation and publishing of Augmented Reality (AR) and 3D content, currently serving clients across e-commerce and marketing. …
IBM announced it has reached a definitive agreement to acquire TruQua Enterprises, LLC, an IT services and consulting SAP development partner that specializes in delivering finance and analytics solutions to Fortune 500 companies. Financial details of the deal were not disclosed. This acquisition enhances IBM’s expertise in migrating financial platforms to SAP to help businesses…
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd (RIL), announced that it has acquired equity shares of online furniture and decor platform Urban Ladder Home Decor Solutions Pvt Ltd for ₹182.12 crore. RRVL has bought 96% holding in the equity share capital of Urban Ladder and has a further option of acquiring…
Tata Consultancy Services, a global IT services, consulting and business solutions organisation, and Prudential Financial, Inc. (PFI), a financial wellness leader and premier active global investment manager, announced that they are entering into an agreement that will see TCS acquire the staff and select assets of Pramerica Systems Ireland Ltd. (Pramerica), PFI’s subsidiary based in…
EPL Limited (formerly known as Essel Propack Limited), the world’s largest specialty packaging company, announced that its Board of Directors have approved the acquisition of Creative Stylo Packs Pvt. Ltd. in a part-cash and part-stock transaction. Creative Stylo Packs Pvt. Ltd. is an established manufacturer of corrugated boxes, laminated tubes, plastic co-ex tubes and caps-primarily…
Gabbardeals, an omnichannel mobile phone retail brand, announced that it has acquired InstaOne Software, a Software as a Service (SaaS) company providing retail and distribution solutions. Financial details of the deal remain undisclosed. The acquisition will allow Gabbardeals to build a full stack of Point of Sale systems to better last-mile connectivity and deliver consumer…
Spotify Technology, the world’s most popular audio streaming subscription service, announced that the company has entered into a definitive agreement to acquire Megaphone, one of the world’s most innovative podcast advertising and publishing platforms. Together, Spotify and Megaphone will help advertisers and podcast publishers realize the full potential of podcasts. The two companies will achieve…
Sapiens International Corporation, a global provider of software solutions for the insurance industry, announced that it has entered into a definitive agreement to acquire Tia Technology, a leading vendor of digital software solutions, from the global investment organization EQT Mid Market. The transaction is subject to customary closing conditions and is expected to be completed…
Tata Consultancy Services, a global IT services, consulting and business solutions organization, and Deutsche Bank AG have announced an agreement under which TCS will acquire 100% of the shares of Postbank Systems AG (PBS) from Deutsche Bank AG. PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support…
Aurobindo Pharma announced that it has entered into a share purchase agreement to acquire 100% equity share capital of MViyeS Pharma Ventures Private Limited (MViyeS). The acquisition was completed on November 6, 2020, the company said in its press release. Before acquisition, MViyeS was holding 32.18% shareholding in Eugia Pharma Specialities Limited, a joint venture…
PAS Global, the OT Integrity company that delivers software solutions that prevent, detect, & remediate cyber threats, announced that it has agreed to be acquired by Hexagon AB (Hexagon), a global leader in sensor, software, and autonomous solutions. With the combination of PAS and Hexagon, customers will benefit from a comprehensive software portfolio to manage…
Adani Gas Ltd has signed a definitive agreement for acquisition of 3 Geographical Areas namely Ludhiana, Jalandhar and Kutch (East). All 3 GAs have high volumes potential in terms of demand of over 6.5 MMSCMD over a period of 10 years. These GA’s are under Phase 1 of Bharat Mala Pariyojana by NHAI which will…