Emeritus, a part of Eruditus Learning Solutions, has announced a definitive agreement to acquire iD Tech, a provider of youth STEM education, for $200 million. The acquisition, which is being made through Emeritus’ parent company Eruditus, marks Emeritus’ expansion into K12 STEM education. Upon the closing of the transaction, iD Tech will operate independently, maintaining its all-star…
Firmenich, a privately-owned fragrance and taste company, has entered into a strategic partnership with Essential Labs, LLC, a B2B supplier of fragrance solutions supporting entrepreneurial, independent businesses in the premium home segment. As part of this partnership, Firmenich will acquire a significant non-controlling interest in Essential Labs, LLC. “I am thrilled that we are partnering…
Clubessential Holdings, the provider of enterprise-membership and club-management software solutions to the private- and public-clubs, college-athletic, health and fitness, and parks and recreation markets, has announced the strategic acquisition of Exerp. Already a major provider of membership- and club-management SaaS solutions for boutique fitness franchisors, under its ClubReady brand, this acquisition expands Clubessential Holdings’ international…
Blue Planet Environmental Solutions Pte. Ltd. (‘Blue Planet’) has announced the acquisition of Disaster Restoration Pte. Ltd. (‘DRS’) Singapore’s provider of disaster recovery and restoration services. The investment, made through DRS’s parent company, Big Red Pte. Ltd., is Blue Planet’s second acquisition in Singapore this year and comes closely after the acquisition of waste management…
E-commerce firm Amazon has acquired an omnichannel platform – Perpule, which is based in Bengaluru, in an all-cash deal. According to regulatory filings, “Amazon Technologies Inc., a subsidiary of the US-based retailer, acquired Perpule for Rs 107.6 crore in an all-cash deal.” “Perpule has built an innovative cloud-based POS offering that enables offline stores in…
A provider of online multi-asset trading services, currency data and analytics, OANDA Global Corporation has completed its acquisition of Polish broker, Dom Maklerski TMS Brokers SA (TMS). The purchase was approved by the Polish Financial Supervision Authority earlier this week. Gavin Bambury, Chief Executive Officer of OANDA, said, “The TMS acquisition marks the start of…
Omega Healthcare, a provider of outsourced revenue cycle management and other healthcare support services, has announced the acquisition of himagine Solutions, a St. Louis, MO-based provider of medical coding and registry services. The transaction expands the service capabilities and geographical footprint of both companies, enhancing the ability to service clients globally, according to a statement…
On being declared as successful bidder under Tariff Based Competitive Bidding (TBCB), Power Grid Corporation of India Limited (POWERGRID) on 9th March 2021 has acquired Ramgarh New Transmission Limited (RNTL) which is the Project company to establish Transmission System Strengthening Scheme for evacuation of power from solar energy zones, in Rajasthan (8.1 GW) under phase…
Scholle IPN, a global supplier of flexible packaging solutions, has completed the purchase of Bossar, a global supplier of flexible horizontal form-fill-seal packaging equipment. “The new business combination will leverage the combined capabilities of both businesses to provide one stop shopping for vertically integrated, sustainable solutions for the global flexible packaging market,” according to the…
Songtradr, a B2B music licensing marketplace, has acquired Song Zu, the most awarded music and sound design company in the Australia and Asia Pacific region, with studios in Sydney and Singapore. This multi-million dollar transaction marks Songtradr’s second major acquisition since completion of their Series C funding round in July 2020 where the company raised…
Bharti Airtel, a digital communications Company, has said that it will acquire a Warburg Pincus affiliate’s 20% equity stake in its DTH arm Bharti Telemedia for a total consideration of ~ INR 31,260 million which will be discharged primarily via issuance of ~36.47 million equity shares of Airtel at a price of INR 600 per…
Tech Mahindra, a part of the Mahindra Group that offers innovative and customer-centric information technology experiences, announced the strategic acquisition of Momenton, a digital enterprise technology firm, offering consultancy and implementation services, and Tenzing Limited, a technology consulting company. According to the press statement, Tech Mahindra has acquired 100% equity in both the organizations, and…
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…
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…
Technology major Cisco Systems, Inc. recently announced that it has agreed to acquire privately-held software maker ThousandEyes, Inc. The deal is worth nearly $1 billion, Bloomberg reported earlier, citing sources. The recent development at the company was anticipated by industry analysts since Cisco bought AppDynamics in 2017 for $3.7 billion just before the IPO. The…