India-based technology company Infra.Market has acquired majority stake in Hyderabad-based Sociam Equipment Solutions Pvt. Ltd. It is an equipment solutions platform and owns Equiphunt. The financial details of the deal was not disclosed. Aaditya Sharda, co-founder – Infra.Market, said, “Construction is one of the largest components in India’s economy and yet ironically one of the…
Lineage Logistics, LLC, a temperature-controlled industrial REIT and logistics solutions provider, has announced that it has closed the acquisition of UTI Forwarding, a Rotterdam-based freight forwarder. “Together with UTI we will create even greater opportunities to provide end-to-end supply chain offerings for our shared customers,” said Mike McClendon, President of International Operations & EVP of…
Olympus Corporation (Olympus – Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) announced that it has finalized the acquisition of Israeli medical device company Medi-Tate Ltd. (“Medi-Tate” – CEO: Ido Kilemnik) following the announcement of its decision to exercise the call option in February, 2021. Through this acquisition, Olympus expands its business line in…
LiveXLive Media, a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions, announced that it has entered into a binding Letter of Intent (LOI) to acquire Gramophone Media, Inc., an artist and brand development company…
IT major Tata Consultancy Services (TCS) said it has completed the acquisition of GE’s stake in Tata Consultancy Services Saudi Arabia, according to PTI report. In January this year, TCS had said it will acquire GE’s stake in Tata Consultancy Services Saudi Arabia for USD 12,471 (about Rs 9.13 lakh). “The acquisition was to be…
Datamatics, a Digital Technology & BPM company, announced it has acquired remaining stake in Cybercom Datamatics Information Solutions Limited (CDIS) for ₹ 30.82 million. “This is to inform you that Datamatics Global Services Limited (“the Company”) had a Joint Venture agreement with Cybercom Group AB (“CYBERCOM”) through a JV Company i.e. Cybercom Datamatics Information Solutions…
Accenture has acquired Industrie&Co, a technology consultancy that designs and creates cloud native solutions for enterprises and “born in the cloud” fast emerging companies. Terms of the transaction are not being disclosed. The acquisition expands Accenture’s Cloud First capabilities in delivering cloud native services for clients, particularly within financial services, as they increasingly transform into digital…
Amazon and MGM announced that they have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion. MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s…
Lithium Urban Technologies, India’s leading first zero emission transport service, has acquired 100% stake in SmartCommute, a software-as-a-service (SaaS) platform that provides end-to-end transportation services to corporate employees, according to ETAuto report. The acquisition enables the B2B fleet operator foray into the SaaS domain as a new business vertical to scale up its presence in…
Zscaler, a cloud security firm, has announced that it has entered into a definitive agreement to acquire Smokescreen Technologies, an active defense and deception technology firm. “Smokescreen’s cutting edge capabilities will be integrated into the Zscaler Zero Trust Exchange™, further building upon Zscaler’s ability to precisely detect the most sophisticated, highly targeted attacks, ransomware, and…
TTTech Industrial Automation AG has acquired core technology and strategic customers from pioneering fog/edge computing start-up Nebbiolo Technologies in a deal closed in May. Integrating features and know-how from Nebbiolo Technologies will support TTTech Industrial’s commitment to delivering the world’s most advanced industrial edge computing platform to its customers, the statement said. TTTech Industrial has…
Invoca, the leader in conversation intelligence for revenue teams, announced that it has acquired DialogTech, an AI-powered call tracking and analytics solution for marketers, in a combined cash and stock deal. With this acquisition, Invoca extends its leadership in the $4.8 billion conversation intelligence market and is on track to exceed $100 million in revenue.…
Persistent Systems said that it would buy certain assets from San Jose, California and Pune-based Sureline Systems in a cash deal of up to $2.5 million (Rs 18.2 crore). “In order to bolster our cloud transformation offerings and solutions, we’re excited to announce the acquisition of assets and a highly specialized team of cloud experts…
Accenture announced it has acquired Homburg & Partner, a strategic management consulting firm with deep specialization in commercial strategy, sales, and pricing. Homburg & Partner’s team of 73 professionals have joined Accenture’s Customer, Sales & Service team. Terms of the transaction were not disclosed. Headquartered in Mannheim, Germany, Homburg & Partner has a proven track…
Walmart-owned digital payments provider PhonePe has acquired homegrown Android app store Indus App Bazaar for $60 million (roughly Rs 438 crore), according to IANS report. The move, sources said, will strengthen PhonePe’s ‘Switch’ app that aggregates several useful apps at one place. Both the companies were yet to release an official statement. PhonePe launched the…