Terralogic has announced its acquisition of Professional Document Systems Inc. (PDS), a company providing data and content management solutions. Its acquisition of PDS brings us one step closer to accomplishing the next phase of growth in 2021. PDS Inc. provides document management, automated forms, custom software solutions and outsourced scanning services to government, education, business, financial…
Citrix Systems, Inc., announced that it has entered into a definitive agreement to acquire Wrike, a rapidly growing, recognized leader in the SaaS collaborative work management space, for $2.25 billion in cash. The combination will bring together Citrix’s powerful digital work platform, which securely delivers the resources an employee needs to be productive in one…
LT Foods Limited announced the acquisition of 30% stake in Leev.nu through its fellow subsidiary Nature Bio Foods BV (NBF B.V.), with an option to acquire a further 21% stake at the end of 5 years. The acquisition of a stake in Leev.nu is in line with long term growth strategy of NBF. the statement…
Bengaluru-based health and fitness startup Cure.fit announced that it has acquired Onyx, a California-based fitness company, to bolster its digital offerings in India. The company said that this would also help improve their international business. Onyx specialises in body tracking technology and personalisation of workout feedback. Onyx is also one of the highest-rated apps in…
Samvardhana Motherson Automotive Systems Group BV (SMRPBV), announced the acquisition of a majority stake in Plast Met Plastik Metal San. İmalatveTic.A.Ş.(PM-Bursa) and Plast Met Kalıp San.veTic.A.Ş.(PM-Istanbul) together known as Plast Met group (Turkey) through its subsidiary Samvardhana Motherson Reflectec (SMR). SMR will acquire 75% stake and thus will enter into a partnership with the founder…
Pegasystems Inc., the software company that crushes business complexity, has announced its acquisition of Qurious.io, Inc., a cloud-based real-time speech analytics solution powered by artificial intelligence (AI) for customer service teams. Financial details of the deal were not disclosed. Founded in 2016 by Sabrina Atienza, CEO, and George Ramonov, CTO, Qurious.io’s software-as-a-service (SaaS) offering uses…
IBM announced it has acquired 7Summits, a leading Salesforce consultancy with more than a decade of delivering transformative digital experiences across industries. Financial details were not disclosed. The acquisition extends IBM’s portfolio of Salesforce services and experience design capabilities and further advances IBM’s hybrid cloud and AI strategy, IBM said in a release. “7Summits is…
Cognizant announced it has agreed to acquire Linium, a cloud transformation consultancy group specializing in the ServiceNow platform and solutions for smart digital enterprise workflows. Financial details of the deal were not disclosed. Linium, operating as the ServiceNow business unit of Ness Digital Engineering, a privately-held portfolio company of The Rohatyn Group, helps Fortune 100…
Volkswagen Finance Pvt Ltd (VWFPL) India, a company jointly owned by Volkswagen Financial Services AG, Germany, and Volkswagen Finance Overseas BV, Netherlands, has announced that it acquired a majority stake in KUWY Technology Service Pvt Ltd, a Chennai-based instant lending digital platform on January 5, 2021. Recently, Volkswagen Finance picked up 25 per cent stake…
Meritech Co., Ltd. HQ in Japan announced that it will acquire majority stake in Eoxys Systems India, which provides engineering services and solutions for IoT; through its subsidiary Meritech Software Private Limited in India. Meritech Software Private Limited (Meritech) will acquire the majority stake of Eoxys Systems India Private Limited (Eoxys) in an all cash…
F5 Networks, the leader in application security and delivery, and Volterra, the first universal edge-as-a-service platform, announced a definitive agreement under which F5 will acquire all issued and outstanding shares of privately held Volterra for approximately $440 million in cash and approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and…
HCL Technologies has announced the completion of the acquisition of Australian IT solution company – DWS. HCL tech, with this move, aims to strengthen its presence in New Zealand and Australia. The acquisition has been completed effective January 5, 2021. DWS Group (DWS) is an asset managers with EUR 759bn of assets under management (as…
TCS has completed the acquisition of 100% shares of Postbank Systems AG from Deutsche Bank AG through its subsidiary Tata Consultancy Services Netherlands B.V. PBS is the full-range captive IT service provider that provides project management, application management and infrastructure support services to Postbank and other subsidiaries of Deutsche Bank. PBS and its around 1,500…
Brightstar Corp., the global leader of end-to-end device lifecycle management solutions, has announced it will sell its 51% stake in Brightstar India to an investment firm of a UK based Family Office. Brightstar is exiting the region as part of its transformation strategy, allowing it to focus on core geographies and streamline operations to better…
Migsun Group, has announced acquisition of HDFC and Ansal’s stake in Ansal IT City Park (SEZ) Tech Zone, Greater Noida. The group now plans to develop the 37.5 acre mixed-use project with Commercial, IT, and Industrial. With the latest announcement, Migsun Group will have 100 percent stake after acquiring HDFC’s 37% stake and the rest of Ansal…