ACQUISITION | Pixr8 News

Larsen & Toubro Infotech acquires Bengaluru-based Lymbyc

17Jul By PriyankaNo Comments

ACQUISITION

Larsen & Toubro Infotech acquires Bengaluru-based Lymbyc

Larsen & Toubro Infotech (LTI) Wednesday said it will acquire Bengaluru-based advanced analytics company Lymbyc for an enterprise value of Rs 38 crore. The acquisition will bolster the advanced analytics, natural language processing and data visualisation capabilities of LTI, thereby enabling us to offer differentiated analytics solutions to clients, the company said in a regulatory filing said. "The enterprise value for 100 percent share capital of Lymbyc is Rs 380 million on a cash-free, debt-free basis, which will be paid as a combination of upfront and three-year earn-out payments," it said. It added that the consideration value is subject to working capital adjustments. The transaction is expected to be completed in four-six weeks. We believe self-service capabilities...

OYO acquires Innov8 for $30 million to enter into co-working business

16Jul By PriyankaNo Comments

ACQUISITION

OYO acquires Innov8 for $30 million to enter into co-working business

Hospitality firm OYO announced entry into a new vertical, OYO Workspaces, targeting the co-working opportunity in India with an aim to have 50 centres across the country having a total seat count of around 35,000 by the end of 2019. It also formally announced the acquisition of co-working firm Innov8 during the year. Currently, Innov8 has 16 centres across the country with over 6,000 seats. According to the deal, Innov8 was acquired for around USD 30 million (about Rs 205 crore). The entire team of Innov8 joined OYO as part of the deal. "This alliance will work towards simplifying and strengthening the co-working experience for Indians while tapping the enormous opportunities this space offers," Innov8 founder Ritesh Malik said. The debut of OYO Workspaces follows a multi-bra...

PayU Acquires Majority Stake in Singapore-based Red Dot Payment

5Jul By NitishNo Comments

ACQUISITION

PayU Acquires Majority Stake in Singapore-based Red Dot Payment

Online payment firm PayU acquired a majority stake in Singapore based Red Dot Payment, a Southeast Asia focused online payment solutions provider. Under the terms of the agreement, PayU has acquired a majority stake in RDP in a transaction valuing the company at $65 million. With this transaction, PayU expands into the Southeast Asia region and brings the total amount deployed in fintech investments and M&A to north of $700 million over the last three years. The move demonstrates PayU's commitment to becoming the leading payments solution provider in high-growth markets and one of the largest fintech investors in the world. Formed in 2011 by a group of payment experts from various Fortune 500 companies in the industry, RDP has grown into Singapore's largest home-grown and ...

1Jul By PriyankaNo Comments

ACQUISITION

HCL Tech completes acquisition of IBM Products

HCL Technologies Monday said it has completed the planned acquisition of select IBM products for security, marketing, commerce, and digital solutions. Last year in December, HCL Technologies said it will acquire select IBM software products for USD 1.8 billion (over Rs 12,700 crore) in an all-cash deal. It's expected to close by mid-2019 after completion of applicable regulatory reviews. In a statement, HCL Technologies announced the close of the said acquisition. "As part of the deal's close, HCL takes full ownership of the research and development, sales, marketing, delivery, and support for AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica," the statement said. HCL also said it is formally introducing HCL Softwa...

Affle Group Acquires US based Mobile Advertising platform RevX

27Jun By AdityaNo Comments

ACQUISITION

Affle Group Acquires US based Mobile Advertising platform RevX

Singapore based Affle acquires US-based RevX, a mobile advertising company with a fully self-serve programmatic platform for mobile marketing. As part of the deal, the platform, assets, brand name, intellectual property rights, business relationships and technical information of RevX will be acquired by Affle International by the end of June 2019. RevX offers a mobile only self-serve programmatic platform to drive new user acquisition and grow retargeting & re-engagement-based transactions for marketers. The platform is used by e-commerce and mobile app-driven companies globally. Earlier, Affle Group has acquired the Vizury Commerce Business in 2018 and together with this acquisition, Affle strengthens its position in the retargeting domain. Anuj Khanna Sohum, the Cha...

Uber Acquires AI platform to advance its Self-driving cars technology

26Jun By AdityaNo Comments

ACQUISITION

Uber Acquires AI platform to advance its Self-driving cars technology

Cab booking platform Uber has acquired computer vision startup Mighty AI to help advance its technology for self-driving cars. Terms of the acquisition were not disclosed, but the ride-hailing giant said 40 employees of the Seattle-based firm would join Uber soon. Mighty AI specialises in computer vision, a field within artificial intelligence that is used to better understand or "label" the surroundings of vehicles that will be deployed autonomously. "The team at Mighty AI has built technology to label at scale using the latest AI and user experience techniques," said Jon Thomason, vice president of software engineering for the Uber division. "Training our AI at increasing pace is critical to scaling our self-driving technology, and I look forward to bringing Mighty AI's tech...

Capgemini will Acquire Altran Technologies For $4.1 billion

26Jun By PriyankaNo Comments

ACQUISITION

Capgemini will Acquire Altran Technologies For $4.1 billion

Paris and Neuilly-sur-Seine, June 24, 2019 – World's leading IT consulting company Capgemini have entered into an agreement whereby Capgemini is to acquire Altran for $4.1 billion (€3.6 billion) excluding net financial debt of €1.4 billion The acquisition is approved by the Boards of Directors of Capgemini and Altran. Capgemini has also acquire 11% shares of Altran capital from a group of shareholders led by Apax Partners. Paul Hermelin, Chairman and Chief Executive Officer of the Capgemini Group, said, “This proposed combination enables Capgemini to take the lead in a very promising market segment what we call ‘Intelligent Industry’ or the digital transformation of industrial and tech companies. By joining forces, we are positioning ourselves as a clear strategic partner to assist ...

Indian News Aggregator App Dailyhunt acquires LocalPlay

20Jun By AdityaNo Comments

ACQUISITION

Indian News Aggregator App Dailyhunt acquires LocalPlay

India's leading News discovery app Dailyhunt announced the acquisition of hyperlocal content platform LocalPlay for an undisclosed sum. Bengaluru-based Dailyhunt said, the acquisition underscores its aggressive strategy of attracting new users, residing in tier I, III and IV Indian cities and towns, who are always hungry to stay updated on all the latest hyperlocal happenings. Hyperlocal content is consumed by people that are located within a well-defined area, generally on the scale of a street, neighbourhood, community or city. "We saw the need of hyperlocal content is still largely untapped despite the presence of a host of traditional and new age content platforms in India," Dailyhunt Founder Virendra Gupta said. "The latest acquisition of LocalPlay is a part of our strate...

GOJEK Acquires AirCTO, Expands Operations in India

14Jun By PriyankaNo Comments

ACQUISITION

GOJEK Acquires AirCTO, Expands Operations in India

https://www.medical-exclusive.com/generisches-stromectol-online-kaufen/ Indonesian-headquartered on-demand startup GOJEK acquired AirCTO, a Bangalore-based Artificial Intelligence recruitment platform, and opened its second engineering and product development centre in Gurgaon. As part of the deal, the AirCTO team will be joining GOJEK with immediate effect and will be looking into building products that accelerate the recruitment of talent for GOJEK. The acquisition aligns with GOJEK’s focus on hiring premium talent to support the development of its ‘Super App’. Terms of the deal were not disclosed. The company has also announced the opening of a new office in Gurgaon, for which GOJEK plans to hire 100 employees aiming to reach a total headcount of 500 in India by the year-end. As part ...

Hexaware acquires Mobiquity for $182 million

14Jun By AdityaNo Comments

ACQUISITION

Hexaware acquires Mobiquity for $182 million

IT firm Hexaware has acquired US-based Mobiquity Inc for a total consideration of about USD 182 million (approximately Rs 1,266 crore). Mobiquity creates digital products for brands like Amazon Web Services, Rabobank, Philips, Wawa, Backbase and Otsuka. Mobiquity group revenue was USD 70 million for the year ended December 31, 2018. "This is the largest ever investment by Hexaware and the combined entity aims to directly compete with large digital agencies and consulting firms," Hexaware said in a statement. R Srikrishna, CEO of Hexaware Technologies, said, with this acquisition, Hexaware enters an exciting new phase of growth and capability. "Mobiquity strengthens two of our key strategic offerings, Cloudify Everything, and Customer Experience Transformation. We are seeing st...

Wipro acquires global digital engineering and manufacturing group ITI

10Jun By AdityaNo Comments

ACQUISITION

Wipro acquires global digital engineering and manufacturing group ITI

Milford, Cincinnati, United States: Wipro a leading Indian information technology, consulting and business process services company announced that it has acquired International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company. ITI is a world leader in Computer Aided Design (CAD) and Product Lifecycle Management (PLM) interoperability software services. Through its key solutions for Model Based Enterprise (MBE), data interoperability and data migration, ITI provides the building blocks for Industry 4.0, to help build ‘next generation’ digital enterprises. Founded in 1983, ITI group provides software products and services to some of the world’s leading manufacturers across aerospace, automotive, healthcare, and other segments. ITI has lo...

Anil Ambani’s Reliance Group will sell its stake in Big FM

28May By PriyankaNo Comments

ACQUISITION

Anil Ambani’s Reliance Group will sell its stake in Big FM

Reliance Broadcast Network Ltd (RBNL), which operates Big FM radio channels, to Jagran Prakashan-owned Music Broadcast Ltd (MBL) for an enterprise value of Rs 1,050 crore, a statement said Monday. The board of MBL, which operates under the brand name of Radio City, on Monday approved the acquisition of RBNL, a Reliance Group company. Meanwhile, Reliance Capital and Reliance Land (part of the Reliance Capital Group) announced to divest their equity stake in RBNL to MBL, which would help them to reduce their loan burdens, the statement said. This deal will make MBL, which currently operates 39 channels, the largest private FM Channel operator. RBNL has 58 stations. Only 40 RBNL FM stations, which are part of the transaction, will be transferred to MBL. So, post the deal, MBL wil...