ACQUISITION | Pixr8 News

India’s Mutual Fund & Stock Investment Platform Orowealth Acquires the WealthTrust Platform

19Jan By AdityaNo Comments

ACQUISITION

India’s Mutual Fund & Stock Investment Platform Orowealth Acquires the WealthTrust Platform

Orowealth, one of India's leading Direct Mutual Fund platforms, recently announced that it has acquired the WealthTrust platform, including the product and all its users. Orowealth is a one-stop solution for all your investment needs from investing in stocks and direct mutual funds, to financial planning, goal advisory and more. WealthTrust, also one of the India's fastest growing 'Zero Commission Wealth Management' platforms, always aimed to make investment simple and hassle-free. Mr. Nisarg Gandhi, co-founder and CEO of WealthTrust said to Pixr8 team that we evaluated several partners before finally joining forces with Orowealth, which stood out as the best option for their users. The two companies now have a combined user base of 3 lakh registered users, and their assets...

TAKE Solutions to Acquire US based firms in ‘all cash deal’

11Jan By PriyankaNo Comments

ACQUISITION

TAKE Solutions to Acquire US based firms in ‘all cash deal’

Life sciences and supply chain management provider TAKE Solutions Friday said it would acquire two US-based entities in "an all cash deal" amounting to USD 72 million. Chennai based company, in a filing to Indian stock exchanges said with the acquisition of KAI Research, it would acquire Phase II, III capabilities in North America adding to its current service offerings in Europe and Asia. "KAI (Research) strengthens our therapeutic expertise mental health, musculoskeletal diseases and medical devices. The target has long standing relationships with clinical sites and trusted network of service providers", the company said om a BSE filing. "The total consideration for this transaction shall be up to USD 27 million, including contingent payments, subject to certain financial milest...

Alibaba Acquires Germany Based Analytics Startup Data Artisans

8Jan By AnkitaNo Comments

ACQUISITION

Alibaba Acquires Germany Based Analytics Startup Data Artisans

As per the European media report, Alibaba has acquired the Berlin-based startup Data Artisans for $103.3 million. Earlier, data Artisans raises two rounds of funding in 2014 and 2016 from investors including btov Partners, Tengelmann Ventures and Intel Capital. . The total value of funding was $7.5 million. Founded in 2014 and headquartered in Berlin, Data Artisans’ platform provides a turnkey streaming solution for businesses, enabling them to manage and deploy live data applications so they can react to data instantaneously, and make better and faster business decisions. Global companies including ING, Netflix, and Uber use Data Artisans’ platform Apache Flink to power large-scale applications for real-time analytics, machine learning, search and content ranking, and fraud det...

31Dec By Gauri SinghNo Comments

ACQUISITION

Infibeam Cancels Snapdeal’s Unicommerce Acquisition

eInfibeam Avenues had announced that its up to Rs 120 crore-deal to acquire Unicommerce, a subsidiary of e-commerce platform Snapdeal, however, the deal has been terminated. "...we wish to inform you that the SPA has been terminated as the conditions precedent were not fulfilled within the stipulated time period," Infibeam said in a regulatory filing. In May, Infibeam Avenues had announced signing a definitive share purchase agreement (SPA) with Unicommerce eSolutions and Jasper lnfotech (which runs Snapdeal) to acquire 100% stake in Unicommerce. It had sated that the acquisition would boost its e-commerce enablement capabilities and expand the product offerings for existing clients. The transaction was scheduled to close in three-five...

Reliance Industries Acquires Stake in Blockchain Startup for $5 million

25Dec By Gauri SinghNo Comments

ACQUISITION

Reliance Industries Acquires Stake in Blockchain Startup for $5 million

Reliance Industries has acquired 5.56 per cent equity stake in technology startup Vakt Holdings Ltd, UK (VHL), for $5 million (approx Rs 35 crore). In a regulator filing, the company said it has acquired the equity stake in VHL, a closely held startup entity which is expected to run its energy-focused blockchain startup early next year. VHL is a consortium of leading global energy majors, commodity traders and banks with a vision to digitise the global commodities trading industry, creating a secure, trusted ecosystem, powered by blockchain. "The strategic investment accelerates Reliance's digital journey, through active participation in an emerging and evolving, yet promising, block chain enabled technology solution for energy markets," the company sai...

lnfomedia Group to Acquire AxisPoint Health’s US Service Contracts

24Dec By Gauri SinghNo Comments

ACQUISITION

lnfomedia Group to Acquire AxisPoint Health’s US Service Contracts

A US subsidiary of business process management company Hinduja Global Solutions Ltd has agreed to sell several US nurse advice line service contracts to lnfomedia Group Inc. for $5.3 million (about Rs 37 crore). Health management solutions company HGS AxisPoint Health LLC has sold the contracts to Infomedia, which operates as Carenet Healthcare Services, Hinduja Global said in a stock exchange disclosure. The estimated annual revenue from the contracts sold is $9.4 million. HGS AxisPoint will continue to provide nurse advice line services to the remaining clients. Ramesh Gopalan, president of healthcare business at Hinduja Global, said the sale allows HGS AxisPoint Health to focus efforts on its care management offering. Hinduja Global had acquired AxisPoint Health in April for $...

Game Software Firm Zynga Acquires Maker of Empires & Puzzles

21Dec By Gauri SinghNo Comments

ACQUISITION

Game Software Firm Zynga Acquires Maker of Empires & Puzzles

San Francisco based gaming software company called Zynga is reportedly acquiring a majority stake in Finland's SmallGiant Games which is the maker of the popular Android game Empires & Puzzles. This deal has been valued at$700 million, and is being basically done to strengthen its mobile game portfolio. This deal marks as the largest one for the gaming company, topping its $527 million acquisition of UK developer Natural Motion in 2014 as stated by Chief Executive Frank Gibeau. The company is popularly known for Facebook game FarmVille. It also raised its fourth-quarter revenue forecast on Thursday. Its shares rose 1.67% in after-market trading, to $3.65. Zynga sees potential in bringing smartphone role-playing game Empires & Puzzles to countries in Asia where games of the...

Tech Giant Cisco to Acquire Silicon Photonics Chip Maker Luxtera

19Dec By Gauri SinghNo Comments

ACQUISITION

Tech Giant Cisco to Acquire Silicon Photonics Chip Maker Luxtera

The popular technology company Cisco has reportedly announced its intent to acquire Luxtera. The deal has been valued $660 million. Luxtera, which was founded in 2001 and raised over $130 million, will give Cisco a photonic solution for that data networking problem. Rob Salvagno, head of Cisco’s M&A and venture investment team sees a company that can help modernize Cisco’s networking equipment. “That’s why today we announced our intent to acquire Luxtera, Inc., a privately-held semiconductor company that uses silicon photonics technology to build integrated optics capabilities for webscale and enterprise data centers, service provider market segments, and other customers. Luxtera’s technology, design and manufacturing innovation significantly improves perform...

Mumbai Based Payments Entity Acquires 5% Stake in Infibeam for Rs 25 Crore

18Dec By Gauri SinghNo Comments

ACQUISITION

Mumbai Based Payments Entity Acquires 5% Stake in Infibeam for Rs 25 Crore

Suvidhaa Infoserve which is a payments entity based in Mumbai has acquired 5% stake in the popular online e-commerce and payment solution company Infibeam.com. The deal has been valued at Rs 25 crore.Infibeam Avenues which owns Infibeam.com said that its board of directors has entered into a binding MoU with Suvidhaa which has around 90,000 retailers for money remittance and other services across the country.Through this association and partnership, the company will enter into a strategic partnership with Suvidhaa for last mile delivery of products and services. Also, Suvidhaa will leverage the offline presence to sell products for Infibeam and in turn, Infibeam will get access to far off locations to sell its products through the assisted model.Slowly, the...

Walmart Labs makes its Second Acqui-hire in India with an AI Firm

13Dec By Gauri SinghNo Comments

ACQUISITION

Walmart Labs makes its Second Acqui-hire in India with an AI Firm

The retail giant Walmart has made its second acqui-hire in India, with a machine learning startup called Int.AI. The acquisition is being done to strengthen its technology team in the country. This will mark as the company second aqui-hire in the country. Prior to this, Walmart acqui-hired micro-app startup Appsfly in September, merging that six-member team with its customer experience engineering group. “We announced one and we just did our second one. It’s called Int.AI,” Jeremy King, executive vice president and chief technology at Walmart said. Int.AI operates in the field of data analytics and machine learning. The platform has built capabilities in analysing data and sharing it with targeted users over email as well as collaborative tools like Slack among others. Founded ...

Alpha Capital Acquires Stake in Two-wheeler Maker Hero Electric

12Dec By Gauri SinghNo Comments

ACQUISITION

Alpha Capital Acquires Stake in Two-wheeler Maker Hero Electric

Mumbai-based investment management firm Alpha Capital Advisors is reportedly acquiring a minority stake in lithium-ion battery-powered two-wheelers manufacturer Hero Electric Vehicles. This particular deal has been valued at Rs 160 crore ($22.3 million). “This fund infusion will help us diversify our product portfolio, acquire new technology and focus on strengthening our research and development capabilities to achieve certain rate of localisation,” said Naveen Munjal, managing director of Hero Electric. With this, the company is planning to make significant additions to its manufacturing capacity by setting up multiple plants over the next five years. Delhi-based Hero Electric, which is part of the Vijay Munjal-led Hero Eco, currently has a manufacturing facility at Ludhiana in ...

The Organizational Tool Trello Acquires Butler

11Dec By Gauri SinghNo Comments

ACQUISITION

The Organizational Tool Trello Acquires Butler

Theorganizational tool Trello has announced the acquisition of Butler. Thefinancial details of the deal have not been disclosed. With this acquisition, the company will bring he power of automation, stringing together a bunch of commands to make something complex happen automatically. Trello’s Michael Pryor stated that the company is used to tools like IFTTT, Zapier and AppleShortcuts, and this will bring a similar type of functionality directly into Trello. “Over the years, teams have discovered that by automating processes on Trello boards with the Butler Power-Up, they could spend more time on important tasks and be more productive. Butler helps teams codify business rules and processes, taking something that might take ten steps to accomplish and automating it into one click,”...