ACQUISITION | Pixr8 News

28Feb By AdityaNo Comments

ACQUISITION

LetsTransport Acquihires Pixlcoders

LetsTransport, a tech-logistics solution provider said it has acqui-hired Bengaluru-based web and mobile app development company, Pixlcoders. LetsTransport has on-boarded the team of the Pixlcoders with an aim to strengthen the supply chain, boosting technology and enhancing its applications, a statement said. "With this acqui-hire decision, LetsTransport aims to further build on disruptive technology for logistics and expand its presence in India," it added. Pixlcoders, a team of 10 tech-enthusiasts along with its senior management will also help the brand in customised solutions such as user research, market validation, enriched UX and branding, the statement said. Founded in 2016 by Suresh P and Punam Garu, Pixlcoders offers affordable customised software, digital products,...

Tech Mahindra to Acquire Zen3 Infosolutions for $64 Million

24Feb By AdityaNo Comments

ACQUISITION

Tech Mahindra to Acquire Zen3 Infosolutions for $64 Million

Indian IT company Tech Mahindra has signed an agreement to acquire 100 percent stake in US-based Zen3 Infosolutions for USD 64 million in an all-cash deal. Headquartered in Seattle, Zen 3 has over 1,300 employees spread across offices in Seattle, Dublin, Hyderabad, Vishakhapatnam, and Bengaluru. "The acquisition of Zen3 Infosolutions is in line with our strategy to build new capabilities. It has expertise in artificial intelligence, machine learning, annotations, cloud engineering etc which are high growth area," Vivek Agrawal- Global Head, Enterprise Business and Portfolio Companies, Tech Mahindra said. Tech Mahindra will acquire 100 per cent stake in the company for USD 64 million or about Rs 460 crore out of which USD 42 million or about Rs 300 crore will be paid at closing an...

Lyft acquires Cartop Advertising Startup Halo Cars

24Feb By PriyankaNo Comments

ACQUISITION

Lyft acquires Cartop Advertising Startup Halo Cars

Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. The deal, first reported by Axios, was confirmed by the ride-hailing company on Friday. Lyft did not comment on the financing of the deal. Halo Cars was founded in 2018 and has operations in U.S. markets such as New York and Chicago. Lyft and larger rival Uber Technologies Inc, both based in San Francisco, are pursuing different roads in search of profitability, with Uber pouring money into side businesses which have so far lost money and Lyft focusing solely on moving people around. With operations only in the United States and some Canadian cities, Lyft said earlier this month its active rider customer base in the fourth quar...

Wipro Acquires Washington based Rational Interaction

21Feb By AdityaNo Comments

ACQUISITION

Wipro Acquires Washington based Rational Interaction

Wipro Digital, the digital business unit of IT major Wipro has acquired digital customer experience (CX) firm Rational Interaction. Wipro Digital didn't disclose the acquisition amount. Founded in 2009, Rational Interaction is headquartered in Washington and has over 300 employees. It has offices in Seattle, Bellevue, Dublin, and Sydney. "The acquisition will scale Wipro Digital's offering for Chief Marketing Officers (CMO), connecting Rational Interaction's ability to map and orchestrate the customer journey with Wipro Digital's ability to design and build experiences at global scale," a statement said. Together, the companies will provide bespoke and effective solutions for the marketing suite, it added. Rational Interaction helps brands create sustained CX program succes...

Shriram Automall acquires Online Car Selling Portal

17Feb By AdityaNo Comments

ACQUISITION

Shriram Automall acquires Online Car Selling Portal

Pre-owned vehicle exchange platform Shriram Automall India Ltd (SAMIL) has acquired BlueJack, an online car selling portal. The company did not disclose the financial details of the deal. With this acquisition, Shriram Automall targets to transact yearly over 1.2 million vehicles worth more than Rs 30,000 crore. At present 70 lakh used cars are sold in India every year and the market is expected to be valued at Rs 50,000 crore in 2022, the company said in a statement. Commenting on the acquisition, Shriram Automall CEO Sameer Malhotra said, "Together, we believe we can offer the best auction experience for our Indian market with innovative technology."The deal will give over 10 million customers of SAMIL, on its physical and online bidding platforms, and its affiliates additional...

12Feb By PriyankaNo Comments

ACQUISITION

GoDaddy Acquires Uniregistry and its Marketplace

SCOTTSDALE, Ariz., Feb. 11, 2020-- GoDaddy Inc is acquiring Uniregistry's leading domain registrar and marketplace businesses. Financial details of the transaction were not disclosed. The deal is expected to close sometime in Q2 2020. The Uniregistry domain registry is not part of the transaction. Uniregistry started in 2014 by catering to domain name investors with specialized tools to register, manage and sell domains. They later expanded its service to other audiences while still focusing on domain name investors. "Uniregistry is unique in that domain investors built it from the ground up so their products and services have always catered to the domain investor community," said GoDaddy Vice President Paul Nicks. "This acquisition reinforces GoDaddy's commitment to domain inve...

Facebook Acquire AI Location Accuracy Startup Scape Technologies

10Feb By AdityaNo Comments

ACQUISITION

Facebook Acquire AI Location Accuracy Startup Scape Technologies

Facebook has acquired computer vision start-up Scape Technologies. The deal for London-based Scape could be around $40M, according to the report, and it says filings indicate that Facebook has more than 75% of the company. They also indicate that VC representatives on Scape's board have been replaced by two Facebook execs. Scape allows developers to build apps that call for location accuracy better than that offered by GPS, using a "visual positioning service." While it focused initially on augmented reality, Scape is looking to enable any camera to understand its surroundings." "Rather than rely on 3D maps built and stored locally, Scape's visual engine builds and references 3D maps on the cloud, allowing devices to tap into a ‘shared understanding’ of an environment. The...

Square Yards Acquires Rental & Property Management Firm Azuro

6Feb By AnkitaNo Comments

ACQUISITION

Square Yards Acquires Rental & Property Management Firm Azuro

Property brokerage firm Square Yards, which is backed by Anil Ambani-led Reliance Group, has acquired Mumbai-based rental platform Azuro as part of its expansion plan. Founded in 2016 by IIT Bombay alumni Altaf Ahmad, Sushant Kumar, Sudhanshu Mishra, Ayush Agrawal and Vishal Chauthmal, Azuro offers rental and property management solutions. It helps in finding a tenant, background checks, automated rent collection, property maintenance and tenant exits. The entire team of Azuro, including its co-founders, has joined Square Yards and will continue to operate under the larger umbrella with the same brand name. Square Yards founder and CEO Tanuj Shori said, "Square Yards is building an integrated intermediary ecosystem for the real estate industry and this requires the best of techno...

Cognizant acquires US based Code Zero Consulting

4Feb By AnkitaNo Comments

ACQUISITION

Cognizant acquires US based Code Zero Consulting

Cognizant has acquired US-based Code Zero Consulting for an undisclosed amount, a move that will help the IT major enhance its expertise in Salesforce platform advisory, implementation and managed services. The acquisition of Code Zero enriches our cloud offerings, brings deep domain expertise to our clients and further strengthens our strategic relationship with Salesforce.com, Brian Humphries, CEO of Cognizant, said. Founded in 2016, Atlanta-based Code Zero Consulting is a privately-held provider of consulting and implementation services for cloud-based configure-price-quote (CPQ) and billing solutions. "The acquisition further strengthens Cognizant's cloud solutions portfolio and Salesforce CPQ and billing capabilities," as per a company statement. Financial details of the ...

Platinum Equity Acquires Cision Ltd for $2.7 Billion

1Feb By AnkitaNo Comments

ACQUISITION

Platinum Equity Acquires Cision Ltd for $2.7 Billion

CHICAGO, Jan. 31, 2020 -- Cision Ltd., a leading global provider of software and services to public relations and marketing communications professionals acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.7 billion. "Cision is well established as the industry standard platform for communications professionals navigating an increasingly complex environment," said Platinum Equity Chairman and CEO Tom Gores. "This is an investment that plays to Platinum's core strengths. We will deploy our full range of global operations capabilities, financial resources and M&A support to help the company maximize its potential." As of January 31, 2020, Cision is a privately held company. Cision shares ceased trading on the New York Stoc...

WeWork Completed Sales of Teem and Minority Stake in The Wing

23Jan By PriyankaNo Comments

ACQUISITION

WeWork Completed Sales of Teem and Minority Stake in The Wing

NEW YORK, 23rd Jan 2020--WeWork, the world’s leading co-working space announced that it has completed the sales of Teem and its minority stake in The Wing. The successful divestitures follow the December sale of Conductor and are part of WeWork’s strategy to focus on its core workspace business. “Last quarter, we articulated a long-term plan for disciplined growth and a clear path to profitability, and we continue to execute on this plan each day,” said co-CEO Artie Minson. “These sales mark the latest progress in WeWork’s evolution and allow our talented team to focus on the core business and delivering an exceptional experience for our members.” WeWork’s minority equity stake in The Wing, a network of work and community spaces designed for women, was acquired by a consortium ...

Zomato acquires Uber Eats India Operation

21Jan By NitishNo Comments

ACQUISITION

Zomato acquires Uber Eats India Operation

Zomato has acquired the Indian business of Uber Eats in an all-stock deal that will give Uber 9.99 percent stake in the Indian food delivery and restaurant discovery platform. Uber Eats in India will discontinue operations and direct restaurants, delivery partners, and users of the Uber Eats apps to the Zomato platform, effective Tuesday, a statement said. "India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader. We have been very impressed by Zomato's ability to grow rapidly in a capital-efficient manner and we wish them continued success," Dara Khosrowshahi, CEO of Uber, said in the statement. In a regulatory filing to BSE, Info Edge (India) a shareholder in Zomato sa...