Persistent Systems (Persistent) announced it has entered into an agreement to acquire the business of Princeton, New Jersey-based Data Glove Inc. Established in 2010, Data Glove is a global leader in transformative consulting services and business solutions with total annual revenue for CY21 of $48.96 million and 700+ employees worldwide. In addition to client sales…
Gulf Oil India announced a strategic partnership through investment in equity shares in Techperspect Software Pvt Ltd ( ElectreeFi ) a leading E Mobility Solutions ( SaaS) company in India. This strategic investment and partnership is the second move by Gulf Oil in the EV Mobility value chain after the company invested in the UK…
Thermax Limited announced it has acquired 15.17% stake in Exactspace, a company engaged in the business of developing artificial intelligence solutions for energy industry. “We wish to inform you that Thermax Limited (“the Company”) has agreed to make an investment in Exactspace Technologies Private Limited (“Exactspace”) up to a sum not exceeding INR 9,99,84,208 (Indian…
BrightCHAMPS announced the acquisition of Education10x, a financial literacy education platform for children, in a cash & stock deal on Tuesday. The acquisition is in line with BrightCHAMPS’ vision of providing a one-stop solution for future-ready life skills to children in the K-12 segment, a statement said. 18-month-old Education10x was founded by IIM-Calcutta alumni Gyan Tiwari,…
Brightcom Group announced the signing of a Letter of Intent (LOI) to acquire all the assets of a US-based digital audio firm that owns and operates multiple assets. The company is an integrated digital platform offering several programmed radio stations, various digital brands and digital marketing services in many markets in the US. This acquisition…
RouteSms Solutions FZE, a wholly owned subsidiary of Route Mobile Limited (Route Mobile), one of the leading CPaaS (Communication Platform as a Service) provider to enterprises, over-the-top (OTT) players and mobile network operators, announced it has signed definitive agreements to acquire M.R Messaging FZC (M.R Messaging/MRM), one of the leading Cloud communications service provider catering…
APNAR Pharma LP (APNAR) headquartered in Chino, CA has acquired East Windsor, NJ based Aurex Laboratories (Aurex) for an undisclosed amount. This acquisition enhances APNAR’s capabilities, scale, and global footprint and broadens APNAR’s pipeline, a statement said. Dharmesh Patel, President of APNAR said, “As part of our well-defined strategy and commitment of having manufacturing in…
Dr. Reddy’s Laboratories Ltd. announced that it has entered into a definitive agreement to acquire Nimbus Health GmbH (Nimbus Health). Nimbus Health is a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis in Germany. Dr. Reddy’s will acquire Nimbus Health for an upfront payment plus performance and milestone-based earn-outs over the next…
UST, a digital transformation solutions company, announced that it has acquired Accrete Hitech Solutions, a consulting and outsourcing company that provides information technology and engineering services focusing on hi-tech, semiconductor, and networking. UST is a leader in the product engineering space, and this acquisition will further add scale and depth into the digital product engineering portfolio…
Brightcove Inc., the global leader of video for business, announced it has acquired Wicket Labs, an audience insights company that gives users visibility into content and subscriber analytics. Brightcove’s intelligent video platform enables customers to deliver broadcast-quality video to viewers around the world and measure its effectiveness with comprehensive, real-time analytics, including video and viewer…
Gupshup, the global leader in conversational engagement, announced the acquisition of Knowlarity Communications. Knowlarity is a global company in cloud communications, offering cloud telephony, contact center automation, AI-powered voice assistants and speech analytics solutions to over 6,000 customers across 65 countries. The acquisition complements Gupshup’s industry-leading Conversational Messaging suite and establishes Gupshup as the leader…
Moody’s Corporation announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with operations spanning the continent, including in South Africa, Nigeria, Senegal, Kenya, and Mauritius. “GCR’s ratings play a significant role in the growth of Africa’s financial…
Amber Enterprises Limited announced it has acquired 60% stake in Parvartaka Tooling Services Private Limited from Pioneer Tooling Services. “This is to inform you that the Company has entered into the definitive agreements with Pravartaka Tooling Services Private Limited (“Pravartaka”) and acquired 60% stake in the equity share capital of Pravartaka, which is engage in…
Anupam Rasayan India Ltd. (ARIL), a custom synthesis and speciality chemical company, announced that its Board of Directors has approved the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries Limited (TIL) from Birla Group Holdings Private Limited (BGH), (a promoter company which is part of Aditya Birla Group)…
NTPC Vidyut Vyapar Nigam Ltd. (NVVN), a wholly owned subsidiary of NTPC Ltd. has acquired 5% equity stake in Power Exchange of India Ltd (PXIL). NVVN has purchased these shares from NSE Investment Limited, a co-promoter shareholder of PXIL, on January 31, 2022, according to the exchange filing. NVVN is one of the top power…