OLX Group, a global network of trading platforms, has acquired Obido, a real estate platform connecting housing developers and clients in Poland. Obido will join OLX Group’s local portfolio in Poland alongside its other well-known brands including OLX and Otodom. “The transaction will allow OLX Group to develop its real estate offering, by reaching homeseekers…
SmartKem, Inc. has announced the closing of a $24.6 million private placement financing. Prior to the financing, SmartKem Limited completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol. Following the acquisition, Parasol changed its name to SmartKem, Inc. and will continue…
Autodesk, Inc. has signed a definitive agreement to acquire Portland, Oregon-based Innovyze, Inc., a provider of water infrastructure software, for $1 billion net of cash subject to working capital and tax closing adjustments. The acquisition positions Autodesk as a technology leader in end-to-end water infrastructure solutions from design to operations, accelerates Autodesk’s digital twin strategy,…
Peloton has entered into an agreement to acquire Cevian Technologies, a cloud-based software company that specializes in real-time data acquisition, visualization, and reporting tools for the completions industry. Cevian’s flagship product, FracNet, is a real-time fracturing data visualization and cloud storage platform. “As the energy industry embraces digitalization and cloud technology, the opportunity to align…
Titan Cloud Software has acquired Australian firm Environmental Monitoring Solutions (EMS). The move will enable the company to expand its portfolio of wetstock management solutions and accelerate the company’s expansion in non-U.S. markets. “We are excited to welcome EMS and its employees to Titan Cloud,” says David Freese, CEO and Chief Product Officer for Titan…
Bengaluru-based online learning platform Vedantu has acquired Instasolv, the second-largest doubt solving app in the country for students from Class 6 – 12 for science, mathematics, IITJEE, and NEET. Financial details of the deal were not disclosed. In 2020, Vedantu had invested $2 million as part of a pre-series A funding in Instasolv. Commenting on…
Jubilant FoodWorks has fully acquired Fides Food Systems Rs 250 crore through its Jubilant FoodWorks Netherlands BV – its’ wholly-owned subsidiary. “We are happy to announce our acquisition of Fides for 32.81 per cent equity stake in DP Eurasia, one of the large master franchisee of the Domino’s Pizza brand. We have been partners with Domino’s in…
Redfin has entered into an agreement to acquire RentPath, the Atlanta-based owner of ApartmentGuide.com, Rent.com, and Rentals.com, for $608 million in cash. The acquisition will bring together a site for buying a home with a site for renting a home, giving anyone trying to move a complete view of her options. “RentPath has more than 20,000 apartment buildings…
Open – a Neobanking platform has acquired Optobizz, for $5 million in a stock-plus-cash deal. The neobanking firm is looking to set up a development centre in Hyderabad. Anish Achuthan – Co-founder and CEO of Open Financial Technologies Pvt. Ltd, said, ‘The acquisition would help Open strengthen its product capabilities and offer innovative solutions for…
Gibraltar Technologies (GT), an AI-based digital solutions company with offices in the Middle East, has announced their acquisition of HCL Infotech, part of the USD 10 billion IT giant HCL Group. Incorporated in 1986, HCL Infosystems Ltd is an information enabler, ICT system integrator and distribution company. HCL infosystems in its latest filings have mentioned that the HCL Infotech…
Accenture has acquired Edenhouse, a UK-based independent SAP partner. The acquisition will further enhance Accenture’s capabilities to support clients in their digital transformation journey. Terms of the acquisition were not disclosed. Founded in 2008 and an SAP platinum partner, Edenhouse specializes in the sale, implementation, support, and hosting of SAP products and services to mid-sized businesses. “Now…
DoiT International (DoiT), a global multi-cloud software and managed service provider with deep expertise in Kubernetes, Machine Learning, and Big Data, has announced that it has acquired ProdOps, a provider of scalable software operations and infrastructure automation services. The demand for elasticity in the public cloud has never been greater as customers continue to adapt applications and workflows at an…
Bengaluru-based learning platform – Unacademy has bought a majority stake in TapChief. The valuation of the professional networking platform now stands at Rs 100 crore. The networking platform was established in 2016 with a mission to empower professionals with technology. The company claims to help over 150,000 solopreneurs to work with more than 250 customers,…
Time Manufacturing Company (Time), a global manufacturer of aerial lifts primarily for the electric service, telecommunications, infrastructure and forestry sectors, announced it has completed its acquisition of Ruthmann, a European manufacturer of aerial work platforms. Based in Gescher-Hochmoor, Germany, Ruthmann has a long history of manufacturing high-quality truck-mounted aerial work platforms in Europe, which are…
Datadog, Inc., the monitoring and security platform for cloud applications, has announced that it has entered into a definitive agreement to acquire Sqreen, a SaaS based security platform that enables enterprises to detect, block and respond to application level attacks. The addition of Sqreen’s application security capabilities will provide development, security and operations teams a…