Aztiq, a healthcare investor led by Alvogen Founder and Chairman Róbert Wessman, and Innobic (Asia) Company Limited, a life sciences subsidiary of Thailand industrial group PTT, has announced the signing of a definitive agreement to acquire a 100% stake in Alvogen Emerging Market Holdings Limited from its existing shareholders for $475 million. Aztiq’s founder and…
Infomo Global Ltd. has announced a strategic merger with Indian ad-tech platform – TorcAI to enable its alliance partners to offer an integrated ecosystem that addresses the emerging needs of large publishers, publisher consortiums, telecom carriers, agencies, and brands across the vast global marketplace, according to a statement. Welcoming the merger, Infomo’s MD and Group…
PrimeSoft, an IT solutions provider based out of Columbia, Maryland, United States, has announced the acquisition of Tejora Private Limited, a Mumbai-based IT services company. According to a statement, “Tejora’s innovative financial technology products and solutions such as Saffron Pay and Saffron Square have been adopted by major banks and financial institutions in India and…
Laurus Labs has signed an investment agreement with Immunoadoptive Cell Therapy Private Limited (ImmunoACT), an advanced cell and gene therapy company to acquire 26.62% stake (fully diluted basis) for a cash consideration of approximately Rs. 46.00 Crores, subject to the fulfilment of certain conditions. Additionally, senior management of Laurus Labs would also invest in ImmunoACT…
Online travel platform EaseMyTrip announced the acquisition of Spree Hospitality-a hospitality management company in India. This is EaseMyTrip’s second acquisition where Spree Hospitality will add a new revenue vertical for the company and enable it to scale up its hotel and holiday portfolios rapidly, the statement said. Spree was founded in 2011 by Keshav Baljee,…
Accenture has completed its acquisition of BRIDGEi2i, an artificial intelligence (AI) and analytics firm headquartered in Bengaluru, India. The financial terms of the transaction were not disclosed. The acquisition, announced last month, strengthens Accenture’s global capabilities in data science, machine learning and AI-powered insights, and adds more than 800 deeply skilled professionals to Accenture’s Applied Intelligence practice. Founded in 2011 and…
Bentley Systems, Incorporated, the infrastructure engineering software company, announced that it has entered into a definitive agreement to acquire Power Line Systems—a leader in software for the design of overhead electric power transmission lines and their structures—from private equity firm TA Associates for approximately $700 million. The acquisition is subject to customary closing conditions, including HSR…
Accenture has acquired Founders Intelligence, an innovation strategy consulting firm that helps large corporations to create growth by using tools, techniques and insights from technology entrepreneurs and investors. The acquisition strengthens Accenture’s capabilities to help senior executives create and scale new business models and achieve sustainable value from innovation. Terms of the acquisition were not disclosed. Founded…
Global creator company Jellysmack has announced their acquisition of UK-based AI editing technology startup Kamua. This is the company’s first acquisition and further reinforces Jellysmack’s plans to utilize its recent funding from SoftBank’s Vision Fund II to fuel enterprise acquisitions and international expansion. The company said in a statement, “Once integrated, Kamua will operate fully…
Denave, a global technology-powered sales enablement services organization, has announced that Updater Services Pvt. Ltd (UDS), a Chennai-based integrated facilities management and business services firm has acquired a controlling interest in the firm. According to a statement, “The investment will accelerate Denave’s long-term strategic plan and strengthen sales enablement capabilities for clients, spread across the…
Spotify Technology S.A., has announced that it has entered into a definitive agreement to acquire Findaway, a digital audiobook distribution platform. Terms of the transaction were not disclosed. According to a statement, “Together, Spotify and Findaway will accelerate Spotify’s entry into the rapidly growing audiobooks industry, enabling faster innovation and bringing audiobooks to Spotify’s hundreds…
CleverTap, an user engagement and retention cloud platform, has completed the acquisition of Patch, a technology that enables businesses to brand and embed communication channels — including in-app voice, chat, and push notifications — directly into consumer apps. The terms of the deal have not been disclosed. According to Vikrant Chowdhary, the recently appointed and…
Brazen Group, a Salesforce consulting partner, has completed its acquisition of SaaSTech Solutions Pvt. Ltd., a multinational consulting company that provides Salesforce implementation and development services for private companies, public agencies, and higher education clients. SaaStech Solutions joins Brazen Group’s technology solutions team — the part of Brazen that leverages the strengths of Salesforce cloud…
Navisite has announced its acquisition of EightCloud, a specialty Salesforce consulting company. As a Salesforce Consulting Partner with 10 years of experience serving commercial, non-profit and government clients, EightCloud will enhance Navisite’s enterprise application, data management and cloud services portfolio with comprehensive Salesforce advisory, implementation and managed services, according to a statement. “As the world’s…
Sapio Analytics, an artificially intelligent support system for governments and citizens, and KGS Microsystems LLP have entered into an agreement of commitment for acquisition of KGS Microsystems LLP, at an undisclosed sum. “The anonymized intelligence driven out of the digitization by KGS Microsystems LLP, and its deep trust-based access to various clients in law enforcement,…