Majesco, a global leader of cloud insurance software solutions, announced it has acquired 51% stake in a CRM Proptech company K2V2 Technologies Private Limited for Rs 40 crore. According to exchange filing, “Pursuant to closure of Open Offer, control and management of Majesco is now with Aurum Group. With the real estate and technology experience…
Apollo Global Management, Inc. has announced that funds managed by its affiliates have completed the previously announced acquisition of EmployBridge, an industrial staffing company in the United States. “This new strategic partnership with Apollo is a tremendous milestone for our company that will fuel our growth journey and energize our teams as they focus on…
Visa has announced that it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide foreign exchange solutions for cross-border payments. The acquisition builds on an existing strategic partnership between the two companies and values Currencycloud at £700 million, inclusive of cash and retention incentives. The financial…
Magna International Inc. and Veoneer, Inc. have announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a provider of automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outstanding shares of Veoneer for $ 31.25 per share in cash, representing a total…
STL, an industry leading integrator of digital networks, announced the acquisition of Clearcomm Group Ltd, a UK-based network integration company. As network creators across the world deploy large scale networks for 5G, FTTx and Rural use cases, STL has been enhancing its end-to-end network and system integration solutions across the globe. As a part of…
Accenture has completed its acquisition of Openminded, a France-based cybersecurity services company. Accenture announced its intent to acquire Openminded on April 29, 2021. Financial terms of the transaction were not disclosed. Openminded provides advisory, cloud & infrastructure security, cyber defense, and managed security services. Powered by a security operations center, the company helps clients anticipate and reduce cybersecurity…
KKR, a global investment firm, announced that KKR has agreed to acquire Teaching Strategies, the leading provider of curriculum, assessment and family engagement tools to the early childhood education (“ECE”) market, from global growth investor Summit Partners. Financial details of the transaction were not disclosed. Founded in 1988, the Company is the largest provider of comprehensive…
Siemens Digital Industries Software announced that it has signed an agreement with Spain-based SENER, a leading multinational company in engineering and technology, to acquire its FORAN software business. Terms of the transaction are not disclosed. FORAN is CAD/CAE/CAM software for the design, construction and engineering of vessels and marine structures. The addition of the FORAN product…
Accenture has acquired Workforce Insight, a workforce optimization consultancy that provides workforce management and human capital management advisory and technology services. Financial terms of the transaction were not disclosed. The acquisition enhances Accenture’s workforce management capabilities and further strengthens its ability to deliver HR transformation to clients, the company said in its statement. Founded in 2006…
Cognizant has announced that it has agreed to acquire TQS Integration, a privately owned global industrial data and intelligence company based in Lismore, Ireland. TQS delivers manufacturing data intelligence, global technology consulting and digital systems integration to help manufacturers accelerate their digital transformations. Founded in 1998, TQS services clients in the life sciences, food and…
Cross-border payments platform Thunes has announced the acquisition of Limonetik, a European Payment Methods Platform. According to the announcement this move will complement existing Thunes Cross-Border Payments solutions by enabling businesses to get paid in 70 countries, using over 285 local payment methods such as mobile wallets, payment by instalments (BNPL), QR code payments and…
Tower Infrastructure Trust (Tower InvIT) announced that it has signed binding agreements to acquire Space Teleinfra Private Limited (STIPL), a indoor coverage solutions provider in India. Tower InvIT will be acquiring STIPL for an equity consideration of INR 900 crore (subject to closing adjustments) and additional milestone-based considerations, which will be funded through a combination…
FINVASIA Group announced that it has acquired ActTrader Technologies (formerly ActForex) , a company that is building financial technology products for over 20 years. “ActTrader was among the world’s first “Fintech” companies, well before the buzzword “FinTech” got glamorized. From building the first ever online retail forex trading application back in 2000 to launching the…
Google’s video streaming and sharing platform YouTube has signed a definitive agreement to acquire video-based social commerce startup simsim, according to ETTelecom report. Financial details of the deal were not disclosed. The deal builds towards Google’s ongoing investments in India, such as the India Digitization Fund worth $10 billion. “Online video will continue to grow as the primary way to find…
Accenture has acquired Cloudworks, a leading Toronto-based Oracle Cloud implementation service provider across North America. The deal further enhances Accenture’s capabilities to deliver Oracle solutions to clients on their journeys to the cloud, the company said in its statement. The financial terms of the acquisition were not disclosed. Cloudworks, founded in 2016, specializes in strategy, business…