Fintech startup Niyo Solutions Inc., which operates neo-bank Niyo recently announced that it has acquired mutual funds-focussed investment platform Goalwise in a cash-and-stock deal for an undisclosed amount. The recent acquisition by Niyo comes as it looks to expand its offerings into the wealth management space. Backed-by Tencent, Niyo said that it has picked up…
ChannelAdvisor Corporation, a provider of cloud-based e-commerce solutions that enable brands and retailers to increase global sales, announced that it has acquired BlueBoard, a leading e-commerce analytics company. Financial terms of the transaction were not disclosed. Headquartered in Paris, France, BlueBoard helps leading global brands such as L’Oreal, Clarins, and Logitech gain a competitive advantage…
The RP-Sanjiv Goenka Group announced that it has acquired a majority stake in video-based news app Editorji, a move that marks its foray into the digital news media space. Financial details of the transaction remain undisclosed. RP-Sanjiv Goenka (RPSG) Group has acquired 51% stake through a combination of primary and secondary transaction in Editorji Technologies,…
BrowserStack, the world’s leading web and mobile app testing platform, announced the acquisition of Percy, the leading visual testing and review platform. With this acquisition, developers and quality assurance (QA) teams can run everything from visual tests to manual and automated functional tests on BrowserStack’s infrastructure and ship high-quality software at speed, BrowserStack said in…
Facebook-backed online learning platform Unacademy has recently acquired Chandigarh-based ed-tech startup PrepLadder for $50mn. PrepLadder primarily provides preparatory help with medical entrance exams. The recent acquisition in the edtech space highlights the preference of investors in the current times when physical learning has taken a backstep. In the last six months, investors have spent about…
OneWeb, the communications company whose mission is to bring connectivity to governments, businesses, and people everywhere, announced that it has entered into an agreement with a consortium led by HMG (through the UK Secretary of State for Business, Energy, and Industrial Strategy) and Bharti Global Limited for the acquisition of the OneWeb business in connection…
U.S.-based Carlyle Group Inc recently announced that it has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490mn. Both the companies have jointly announced the transaction in a statement. Piramal Pharma in a statement said that it will use the capital injection to accelerate its…
Galaxy Semiconductor, Inc. recently announced that it has signed a definitive agreement to acquire substantially all of the assets of the Quantix Business from Mentor Graphics Corporation, a Siemens-owned business. The acquisition will allow Galaxy to re-establish itself as the independent provider of test data management and analysis solutions for the semiconductor industry. The transaction…
Chinese-gaming giant Tencent recently announced that it has purchased the Malaysian video streaming platform Iflix’s “content, technology, and resources” in an attempt to grow its presence in Southeast Asia. In an official statement, the company said that Iflix’s catalogue of “international, local, and original content” would enable it to expand the reach of its overseas…
Technology giant Microsoft recently announced that it has acquired robotic process automation startup, Softomotive for an undisclosed amount. The acquisition was confirmed by Microsoft Chief Executive Officer Satya Nadella during his Build keynote. Nadella informed that Softomotive would become a part of Microsoft’s Power Automate platform (PRA). “We’re bringing RPA — or robotic process automation…
Putting all the rumours aside, technology giant Apple recently announced that it has acquired virtual reality startup NextVr for $100million. The reason for the buyout is not yet disclosed by the tech major, however, it is being said that the acquisition will help Apple develop its own VR capabilities. In a media statement, Apple said,…
Ride hailing giant Uber is reportedly in advanced talks to takeover food delivery company GrubHub in an all stock deal. According to a Bloomberg report, the two companies could reach an agreement very soon. As soon as the news hit the market, shares of GrubHub jumped about 29% to $60.50, while those of Uber rose…
AbbVie, a research-based global biopharmaceutical company, headquartered in North Chicago, announced that it has completed its acquisition of Allergan plc. “We are pleased to reach this important milestone for the Company, its employees, shareholders and the patients we serve,” said Richard A. Gonzalez, Chairman and Chief Executive Officer, AbbVie. “Our new Allergan colleagues should be commended…
Zoom, a provider of videotelephony and online chat services through a cloud-based peer-to-peer software platform, announced it has acquired message encryption and security startup Keybase. Financial details of the transaction remain undisclosed. Post acquisition, Keybase Co-founder Max Krohn will be leading Zoom’s security engineering team, and they will be reporting directly to Zoom Founder and…
American IT services company, Cognizant has recently entered into an agreement to acquire Collaborative Solutions, a US-based global consultancy firm. The company specializes in Workday enterprise cloud applications for finance and human resources. The transaction is expected to be closed in the second quarter of 2020, subject to regulatory clearance and satisfaction of certain closing…