AMD announced a definitive agreement to acquire Pensando for approximately $1.9 billion before working capital and other adjustments. Pensando’s distributed services platform includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage and other services for cloud, enterprise and edge applications, the statement said. “To build a leading-edge data…
ANAROCK Group, a leading independent real estate services consultancy, announced acquisition of myHQ, one of the largest Indian flexible workspace platforms, to strengthen its flexible workspaces portfolio. myHQ, headquartered in Delhi-NCR, currently has over 50,000 subscribed members across 700+ spaces in 7 cities. Anuj Puri, Chairman, ANAROCK Group, says, “Coming on the heels of ANAROCK…
Suven Pharmaceuticals Limited (SPL) announced the acquisition of 100 per cent stake in Caper Pharma Pvt. Ltd. (CPPL) for about Rs 155 crores. Post acquisition, Caper Pharma will become a wholly-owned subsidiary of Suven Pharmaceuticals. According to the company’s exchange filing, “we wish to inform you that the Board of Directors of Suven Pharmaceuticals Limited…
Gupshup, a global leader in conversational engagement, announced the acquisition of Active.Ai, the leading Conversational AI platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for BFSI customers. Headquartered in Singapore, Active.Ai serves BFSI customers across 43 countries with a Conversational Banking as a Service (CBaaS) platform that helps clients engage with…
Global communications intelligence company Cision announced that it has completed the acquisition of realtime media monitoring company Streem. Since announcing the deal in December 2021, Streem has continued its high-growth trajectory, winning major new customers, including Amazon, HSBC, Crown Resorts, and several government departments, a statement said. Cision’s Chief Revenue Officer Stephen Boyes noted, “Streem has established itself…
TVS Motor (Singapore) Pte. Limited (TVSM Singapore), a subsidiary of TVS Motor Company Limited, announced it has acquired 70 per cent stake in EBCO Limited, a British company providing smart connected mobility solutions. According to the company’s exchange filing, “We wish to inform you that TVS Motor (Singapore) Pte. Limited (TVSM Singapore), a wholly-owned subsidiary…
Bosch Limited has acquired a 14 per cent stake in Bengaluru-based deep tech startup Zeliot Connected Services Pvt Ltd. As the automotive industry undergoes rapid technology transformation, Bosch said it has been “working extensively” in the connected mobility environment to create a digital mobility ecosystem that has safety and sustainability at its core, according to…
Netcore Cloud, a Mumbai-headquartered SaaS company, announced the investment of close to $100 mn to acquire a majority stake in US-based, search-personalization company Unbxd Inc. It will also be infusing additional funding into Unbxd to propel the company’s growth in developed markets, a statement said. Founded by Pavan Sondur and Prashant Kumar in 2012, Unbxd…
Phablecare, one of India’s leading Health-tech players focusing on chronic disease management, announced the acquisition of Fused Training, India’s first holistic Type-1 Diabetes health management start-up. Through this acquisition Phablecare will look at strengthening their Type-1 Diabetes vertical, a statement said. Fused Training, based in Noida and led by Sahil Madan, a type-1 diabetic himself,…
Bain Capital, a global private multi-asset alternative investment firm, announced that it has agreed to acquire 24.98% equity stake in IIFL Wealth Management Limited (IIFLWAM), one of the largest and fastest growing wealth and asset management firms in India from General Atlantic Singapore Fund Pte. Ltd. and FIH Mauritius Investments Ltd, a wholly owned subsidiary…
Tejas Networks announced that it has signed definitive agreements to acquire 64.40% of shares of Saankhya Labs Private Ltd. Bangalore (Saankhya) for INR 283.94 Cr in cash. The initial acquisition of Saankhya shares is expected to close within the next 90 days. Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed…
Celonis, the global leader in execution management, announced the acquisition of Process Analytics Factory GmbH (PAF), a provider of process mining insights for Microsoft Power BI. This acquisition will enable millions of Microsoft Power Platform users to utilize Celonis’ market leading Execution Management System (EMS) for process mining, automation, and collaboration, the statement said. The…
MedPiper, a Y-Combinator and MeITy, Govt of India backed healthcare company, has acquired MedWriter, an AI writing assistant for doctors. MedWriter is a product designed and built by Lonere Labs, a Bangalore-based product lab run by Abhijeet Katte. The move is in line with MedPiper’s focus to enable healthcare practitioners to express themselves better in the…
Emami Limited announced the acquisition of Dermicool, one of the leading brands in Prickly Heat Powder and Cool Talc category from Reckitt for a total consideration of? 432 crores excluding taxes & duties. The acquisition is funded through internal accruals and is subject to customary closing conditions. The brand is popular for providing cooling and…
Aurum PropTech Limited announced it has acquired 100 per cent stake in HelloWorld Technologies Private Limited for Rs 42 crores. According to the company’s exchange filing, “Pursuant to Regulation 30 of the LODR Regulations, kindly note that the Board of Directors of Aurum PropTech Limited (“the Company”) at its meeting held on March 23, 2022,…