Infosys announced the acquisition of 100 per cent stake in Singapore Telecommunications Limited’s (Singtel) delivery center in Malaysia – Global Enterprise International Malaysia Sdn. Bhd. (GEIM). According to the company’s exchange filing, “This is to inform that as part of a strategic partnership, Infosys Consulting Pte. Ltd., a wholly owned subsidiary of the Company is…
Healthcare Triangle, Inc., USA (HCTI), a provider of Healthcare and Life Sciences cloud transformation, managed services and data analytics platform company announced that it has acquired DevCool, Inc. (DevCool), ranked by Inc. 5000 as among the fastest growing private companies in USA in 2021. DevCool provides EHR Implementation and Managed Services to 6 of the…
NODWIN Gaming, the material subsidiary of Nazara Technologies Limited, and South Asia’s leading esports company, has acquired a strategic 10% stake in the digital content IP media network Rusk Media. Since its funding in March this year, NODWIN Gaming has been on an expansion and consolidation spree to augment its dominance in Indian esports ecosystem,…
Avast, a global digital security and privacy company, announced the acquisition of Evernym. The US company was instrumental to the invention of self-sovereign identity, with leading contributions from their Chief Trust Officer, Drummond Reed, and others in the company working within the industry standards community. This work has enabled the development of innovative products and services…
Picsart, a digital creation platform, announced that it is acquiring the research and development company DeepCraft for an undisclosed sum. “DeepCraft is a unique team of deep technology engineers, and we’ve been working with them to build our core technologies for over a year,” said Artavazd Mehrabyan, Co-Founder and CTO at Picsart. “As we invest further…
Stanley Black & Decker announced it has signed a definitive agreement for the sale of most of its Security assets to Securitas AB for $3.2 billion. The proposed transaction includes Stanley Black & Decker’s Commercial Electronic and Healthcare Security business lines (Security). Net proceeds from the sale are expected to be used to fund, in part, an approximately $4 billion share repurchase…
Atos announced an agreement to acquire Cloudreach, a multi-cloud services company specializing in cloud application development and cloud migration, capitalizing on strong partnerships with all three hyperscalers. The company employs more than 600 highly skilled employees in cloud platforms, applications, and security. Revenue is expected at c.€100 million in calendar year 2021. Cloudreach was incorporated…
Indo Count Industries Limited, a manufacturer and exporter of Home Textiles, announced it has entered into a Business Transfer Agreement (BTA) with GHCL Limited (GHCL) for acquisition of its Home Textile business at Vapi, Gujarat, on a going concern basis by way of a slump sale and Asset Transfer Agreement (ATA) for acquisition of specified…
GSS Infotech, an IT company based out of Hyderabad, announced that the board has approved the acquisition of 100% stake of an Indian “farm to store” company Polimeraas , with a combination of stock and cash. Polimeraas is valued at Rs.250 cr. The merger of Polimeraas Agros with GSS Infotech will be through a scheme…
IBM announced the acquisition of SXiQ, an Australian digital transformation services company specializing in cloud applications, cloud platforms and cloud cybersecurity. Financial details of the deal were not disclosed. Today’s news further advances IBM’s hybrid cloud and AI strategy by helping enterprises modernize and transform complex mission-critical applications on multiple clouds and platforms, the statement said. SXiQ…
Moody’s Corporation announced that it has acquired PassFort Limited and entered into an agreement to acquire 360kompany AG (kompany), two European providers of onboarding and Know Your Customer (KYC) technology solutions. The acquisitions complement Moody’s technology, data, and analytical capabilities, and enhance its industry-leading customer solutions for KYC, anti-money laundering, compliance, and counterparty risk, the…
Accenture has completed the acquisition of King James Group, a highly awarded creative agency with deep expertise in brand strategy, creativity and digital marketing services. Financial terms of the transaction, which was announced on September 7, were not disclosed. Founded in 1998 with locations in Cape Town and Johannesburg, King James Group offers integrated communications solutions across several industries,…
ViacomCBS Inc. announced it has entered into a definitive agreement to sell CBS Studio Center and its associated operating business to a partnership formed by Hackman Capital Partners, LLC and Square Mile Capital Management, LLC for approximately $1.85 billion. The transaction is the result of a widely marketed sale process, which attracted interest from a number…
Parksons Packaging Limited, India’s largest independent folding carton manufacturer, announced the acquisition of Manohar Packaging, a leading producer of folding cartons with a strong foothold in the premium segments of Alcoholic Beverages and Confectionery. Manohar Packaging, founded in 1994, is one of India’s top producers of carton packaging and the industry leader in the alcoholic…
Kirloskar Ferrous Industries Ltd, one of India’s largest castings and pig iron manufacturers, has agreed to acquire a majority stake in Indian Seamless Metal Tubes (ISMT) Limited, the largest integrated specialized seamless tube manufacturer in India. KFIL will subscribe to shares for an aggregate consideration of Rs. 476.63 Crores at a per share price of…