ACQUISITION | Pixr8 News

US-Based Technology Firm Oracle Acquires DataFox

23Oct By Gauri SinghNo Comments

ACQUISITION

US-Based Technology Firm Oracle Acquires DataFox

The American technology corporation Oracle has announced another acquisition of a startup that has amassed a huge company database called DataFox. Following this acquisition, the company aims to enhance both the kind of data that it can provide to its business customers and its artificial intelligence capabilities. The acquired company currently covers 2.8 million public and private businesses, adding 1.2 million each year. DataFox makes use of AI to analyse that to make larger business predictions. The combination of Oracle and DataFox will enhance Oracle Cloud Applications with an extensive set of AI-derived company-level data and signals and would also enable customers to reach even better decisions and business outcomes. “Together, Oracle and DataFox will enrich cloud applicatio...

Accenture Acquires an Oracle ERP Cloud Services Provider

22Oct By Gauri SinghNo Comments

ACQUISITION

Accenture Acquires an Oracle ERP Cloud Services Provider

Global professional services company Accenture has announced the acquisition of an Oracle ERP Cloud services provider known as DAZ Systems. The amount of the deal has, however, not been disclosed. The company stated that the deal would help them improve its Oracle capabilities and delivers new value for clients on their journeys to the cloud. As a part of the deal, DAZ’s more than 300 professionals will join Accenture’s Oracle Business Group. "DAZ has extensive experience implementing Oracle Cloud solutions, which complements Accenture’s established credentials across the Oracle Cloud portfolio," said Bhaskar Ghosh, group chief executive, Accenture Technology Services. "Organizations demand proven expertise, as well as new innovative solutions and methods to help them transform their b...

Amazon to Take up Stake in Kishore Biyani’s Future Retail

18Oct By Gauri SinghNo Comments

ACQUISITION

Amazon to Take up Stake in Kishore Biyani’s Future Retail

The e-commerce giant Amazon is all set to acquire a stake of just under 10% in Kishore Biyani-led Future Retail. The deal is likely to be approved by the latter’s board on October 29. The retail major is expected to pick up shares through the foreign portfolio investors route at a hefty premium to the prevailing share price for gaining business exclusivity and future shareholding rights. Future Retail shares ended 14% higher at Rs 494 apiece after television channels stated that Amazon was going to buy a 7-8% stake in the India-based company. Future Retail that operates Big Bazaar and Easy Day supermarkets would reach Rs 25,000-crore market value after this deal. Amazon’s investment has strategic underpinnings and could evolve alongside regulatory and business developments. The Se...

Samsung Acquires Barcelona based Network Analytics Startup

17Oct By Gauri SinghNo Comments

ACQUISITION

Samsung Acquires Barcelona based Network Analytics Startup

The technology firm Samsung Electronics has acquired a real-time networks analytics startup called Zhilabs which is based in Barcelona. This acquisition is expected to ease its transition from 4G to 5G technologies. However, the financial details of the acquisition deal have not been disclosed yet. Zhilabs will be fully owned by Samsung, but it will continue to operate independently under its own management. The acquisition of Zhilabs is part of Samsung’s initiative to invest 25 trillion won (about $22 billion) in businesses working on AI, 5G, components for self-driving vehicles, and biopharmaceutical technologies. “5G will enable unprecedented services attributed to the generation of exponential data traffic, for which automated and intelligent network analytics tools are vital. T...

Alten Calsoft Labs acquired Bengaluru-based Chip Design Company

16Oct By Gauri SinghNo Comments

ACQUISITION

Alten Calsoft Labs acquired Bengaluru-based Chip Design Company

The subsidiary of the $2.2-billion French IT firm Alten Group known as Alten Calsoft Labs acquired Bengaluru-based chip design company Si2Chip. The basic purpose of this acquisition is to expand its footprint in the VLSI (very large-scale integration) practice and bolster its semiconductor portfolio. Following this acquisition, the company will add 200 engineers to Alten Calsoft's VLSI division. According to the sources, the size of the acquisition is expected to be under $10 million. Talking about Si2Chip, the company has delivered over 200 projects and counts the top ten semiconductor companies as its customers. It was founded in 2013 and has a a deep understanding of IPs, and optimisation of system-on-chip (SOC) designs. “We are poised to deliver excellence in next-generation tec...

IT Firm Infosys Acquires Finland-based Fluido

15Oct By Gauri SinghNo Comments

ACQUISITION

IT Firm Infosys Acquires Finland-based Fluido

One of India’s largest IT company Infosys has announced the acquisition of Finland-based firm called Fluido. It was in September that the company stated that it would acquire Fluido in a deal worth up to 65 million euros (over Rs 545 crore), including earn-out, management incentives and bonuses. Following this acquisition, the IT firm is expecting to strengthen its position as a leading Salesforce enterprise cloud services provider. Also, Infosys is looking forward to enhance its ability to provide clients with 'cloud-first' transformation. "With offices in Finland, Denmark, Sweden, Norway and Slovakia, Fluido elevates Infosys' presence across the Nordics region with developed assets and deep client relationships, a great team and an effective local culture," Infosys stated. Fluido i...

Energy Giant Total Acquires Stake in Adani Group

15Oct By Gauri SinghNo Comments

ACQUISITION

Energy Giant Total Acquires Stake in Adani Group

France-based energy giant Total is eyeing to acquire half of the stake of Adani Group in LNG projects in Gujarat and Odisha. Along with this, the company will also purchase stake in an under-construction LPG import facility and in its city gas projects. Total seems to be showing interest on investing in fast growing gas market in India and finds Adani as a suitable vehicle since it owns crucial downstream infrastructure. The company is in talks to acquire 50 percent stake in the under-construction LPG import terminal that Adani is building at Mundra in Gujarat as well as a stake in Adani’s flourishing city gas distribution projects. India is looking forward to increasing the share of natural gas in its energy basket to 15 percent in the next few years. Along with this, the country...

Walmart Acquires an Online Lingerie Retailer for an Undisclosed Amount

13Oct By Gauri SinghNo Comments

ACQUISITION

Walmart Acquires an Online Lingerie Retailer for an Undisclosed Amount

The retail major Walmart has reportedly acquired an online lingerie retailer known as Bare Necessities. The amount of the acquisition deal has, however, not been disclosed. This acquisition marks as Walmart’s second apparel-focused acquisition in less than two weeks. The company seems to be seeking deeper inroads into the online fashion space. Last week, the company acquired Eloquii, a fashion startup that sells plus-sized clothing. Along with this, Walmart had also collaborated with comedian and talk show host Ellen DeGeneres to launch a women's fashion line in August. Talking about last year, it bought ShoeBuy, which specializes in footwear and apparel; Moosejaw, which sells outdoor wear; Bonobos, which sells men's clothing and ModCloth, an online seller of women's apparel. "The a...

11Oct By Gauri SinghNo Comments

ACQUISITION

Mobile Wallet Mobikwik Makes its First Ever Acquisition

One of the most popular digital payments company in India Mobikwik has reportedly announced the acquisition of online wealth management platform called Clearfunds. With this move, the mobile wallet seems to foray into the country’s wealth management market. The amount of the acquisition deal, however, has not been disclosed yet. Clearfunds is an online mutual fund investment platform based out of Mumbai. The digital payments major stated that it would be investing $15 million in the coming next years’ time to accelerate its wealth management business. "MobiKwik users will now be able to start their investing journey with as little as Rs. 100," Upasana Taku, Co-Founder and Director, MobiKwik stated. "This is the first-ever acquisition by MobiKwik as we look to build out our full-stack f...

California-based ServiceNow Acquires FriendlyData to Simplify Work

11Oct By Gauri SinghNo Comments

ACQUISITION

California-based ServiceNow Acquires FriendlyData to Simplify Work

California based cloud service management company ServiceNow has announced the acquisition of a startup called FriendlyData. The move is being taken to integrate the startup’s natural language search technology into apps on its Now platform. FriendlyData was founded in 2016 and its natural language query (NLQ) technology enables enterprise customers to build search tools. These tools allow users to ask technical questions even if they don’t know the right jargon. The company's tech will be integrated into ServiceNow’s platform that will include apps for IT, human resources, security operations, and customer service management. “ServiceNow is bringing NLQ capabilities to the Now Platform, enabling companies to ask technical questions in plain English and receive direct answers. Wit...

Tesla’s Second Largest Shareholder Acquires Stake in Rival Nio

10Oct By Gauri SinghNo Comments

ACQUISITION

Tesla’s Second Largest Shareholder Acquires Stake in Rival Nio

The second largest shareholder of Elon Musk’s Tesla called Baillie Gifford has now acquired 11.44 percent stake in Chinese electric vehicle automaker Nio which is Tesla’s rival. The company disclosed that it had purchased 85.3 million shares, which were valued at about $515 million as of the close of trading Monday. Baillie Gifford is the largest outside shareholder of Tesla stock. CEO Elon Musk, Tesla’s largest shareholder, own about 20 percent of the company. The filing pushed shares of Nio to close at $7.39, up from its opening of $6.19 this morning. Nio wants to become the Tesla of China and beyond. The company has operations in the U.S., U.K. and Germany, although it only sells its ES8 vehicle in China. Those tariffs, plus other costs like shipping Tesla vehicles overseas, is...

Strand Life Sciences to Acquire Medical Arm of Quest Diagnostics

9Oct By Gauri SinghNo Comments

ACQUISITION

Strand Life Sciences to Acquire Medical Arm of Quest Diagnostics

Bengaluru-based silico technology company Strand Life Sciences Pvt. Ltd has entered a deal to acquire the India medical diagnostics business of New York Stock Exchange-listed Quest Diagnostics Inc. However, the financial details of the deal have not been disclosed yet. Ramesh Hariharan, CEO at Strand Life stated that the deal will add strong North India presence and marquee clientele that includes hospital chains, corporate houses and pharmaceutical companies to the company’s portfolio. “This acquisition is an important addition to our network of 24 diagnostic labs across India, especially as we continue to expand our work in oncology, genomics, and precision medicine,” Ramesh Hariharan, CEO at Strand Life, said. On the other hand, Quest has a 65,000-square-feet laboratory in Gurugam....