Cendyn, the provider of cloud-based software and eCommerce services for the hospitality industry, has entered into a merger agreement with Pegasus, a provider of revenue and distribution solutions for the hospitality industry. According to a statement, the combination of both companies provides hoteliers with a platform to maximize their direct-booking channel and enhance the guest…
The Burgiss Group, LLC, a Hoboken, New Jersey based data and analytics provider for the private capital industry, has announced that it has completed the merger with Caissa, LLC, a provider of a multi-asset class analytics platform. The merger was originally announced on September 13, 2021. Combined, the company has over 450 employees worldwide and…
KKR and InCred announced that they have entered into a strategic transaction to create a diversified Indian lending company by combining KKR India Financial Services Limited (KIFS) and InCred Financial Services (InCred Finance), the retail and micro, small and medium enterprise (MSME) lending business of InCred. This transaction will bring together two of India’s best-known non-banking finance companies and combine their…
Aspect Software will merge with Noble Systems of Atlanta Georgia, to form Alvaria™, a new global company delivering optimized customer experience and workforce engagement software and cloud services technology solutions. The newly combined company will be led by Patrick Dennis, Aspect President and CEO. “This merger will combine two of the leaders in the customer…
Syniti, a global provider of enterprise data management, and Data Migration Resources, Inc. (DMR), a provider of high-quality data to organizations, has announced they have come together to address enterprises’ rapidly growing need for holistic and strategic enterprise data management. “Syniti represents the next generation of enterprise data management,” said Kevin Campbell, CEO of Syniti.…
IDSi Business Group (IDSi), consisting of India-based IDSi Technologies and the US-based IDSi International, today announced merger of its Online Building Permit Automation Business Unit with the 21 years old, Bangalore-headquartered SRIT India (SRIT). IDSI’s product development and implementation team has also been merged into SRIT’s eGovernance (Urban) team. Decision to merge IDSI is primarily…
Alight Solutions, a cloud-based provider of integrated digital human capital and business solutions, and Foley Trasimene Acquisition Corp., a special purpose acquisition company, have announced that they have entered into a definitive business combination agreement. Upon closing of the transaction, the combined company will operate as Alight, Inc. and plans to list under the symbol…
The merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. that will lead the path to the creation of Stellantis N.V., became effective today. As previously announced, Stellantis’s common shares will begin trading on Euronext in Paris and the Mercato Telematico Azionario in Milan on Monday, January 18, 2021, and on the New York Stock…
The Board of Directors of Jindal Stainless Limited (JSL) and Jindal Stainless (Hisar) Limited (JSHL) approved the merger of JSHL into JSL. As per the approved share swap ratio, 195 equity shares of JSL will be issued for every 100 equity shares of JSHL. Managing Director, JSL & JSHL, Mr Abhyuday Jindal said, “I am…
Food-delivery unicorn Zomato is reportedly in talks to acquire SoftBank-backed grocery startup Grofers. According to reports by The Economic Times and Entrackr, the all-stock deal might value the e-grocer at $750mn (around ₹5,700Cr). Reportedly, Softbank is considering investing about $100-$200mn in the merged entity through its VC arm Vision Fund. According to sources mentioned in…
Cooper Tire & Rubber Company has announced that its stockholders have approved its pending merger with a wholly-owned subsidiary of Apollo Tyres Ltd. The merger on completion will result in a strategic business combination that creates the seventh-largest tire company in the world. Cooper and Apollo announced the proposed merger on June 12, 2013 following…