ACQUISITION | Pixr8 News

DigitalF5 Acquires Delhi Based Digital Marketing Company AdClear

31May By AdityaNo Comments

ACQUISITION

DigitalF5 Acquires Delhi Based Digital Marketing Company AdClear

DigitalF5, the leading digital innovator with vast expertise in the domains of Design & Content, Marketing and Technology, has recently acquired AdClear, a Google Partner Company specializing in the domain of performance digital marketing. Incepted in February 2017, AdClear, despite being a new entrant, has equipped itself with an emphatic understanding of the performance marketing domain and has established a strong foothold in the market of New Delhi. AdClear founder member Ajay Anand’s 14+ years of industry experience and the organization’s domain specific expertise will definitely help to widen the reach of DigitalF5 in New Delhi, where it aims to augment its market share. Ajay Anand, a Google certified professional, GNIIT and an M.B.A from Sikkim Manipal University, has utilize...

TeamLease Acquire 30% Stake in Freshersworld.com

30May By PriyankaNo Comments

ACQUISITION

TeamLease Acquire 30% Stake in Freshersworld.com

Staffing services firm TeamLease Services will acquire 30 per cent stake in job portal Freshersworld.com at an enterprise valuation of Rs 18 crore, a move that will accelerate its hiring strategy. "Freshersworlds enterprise valuation is Rs 18 crore and we have taken 30 per cent stake towards that valuation and the acquisition of further stake in Freshersworld or complete exit is linked to future performance and key product milestones over the next three-year period," TeamLease Services executive vice-president Rituparna Chakraborty said. Generally, enterprise value is a measure of a companys value. The deal is structured as an all-cash tender financed with the existing cash reserves of TeamLease, a company release said, adding the transaction is subject to regulatory approvals and is...

Delivery Hero Acquires Kuwait Based Food Delivery Service Carriage

29May By AnkitaNo Comments

ACQUISITION

Delivery Hero Acquires Kuwait Based Food Delivery Service Carriage

Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, announced today it has agreed to acquire Carriage, a young and fast-growing food delivery platform based in Kuwait and operating in the Gulf Council Countries (GCC). Carriage operates a hybrid business model offering both, delivery marketplaces and own delivery services in the Middle East, allowing it to add restaurants to its marketplaces that either do not offer deliver services themselves or intend to discontinue their own delivery services. This hybrid business model reflects a wider shift across several regions with a growing demand of customers and restaurants for such combined services. The acquisition ensures that Delivery Hero will stay at the forefront of this shift. Nik...

US Based Ebix Acquire 80% Stake in India Based Digital Payment Startup Itzcash For 800 Crores

25May By AdityaNo Comments

ACQUISITION

US Based Ebix Acquire 80% Stake in India Based Digital Payment Startup Itzcash For 800 Crores

US headquartered Ebix today said it has invested about Rs 800 crore to acquire 80 per cent stake in payment solutions exchange ItzCash. Ebix is an international supplier of on-demand software and e-commerce services to the insurance, financial, e- governance and healthcare industries. Founded in 2006, ItzCash is Indias leading digital payments firm, the company has since expanded verticals such as remittances, financial services, corporate solutions, PoS and payment gateway. With the new investment by Ebix, the company is looking to foray into areas such as credit, insurance, healthcare and investments to accelerate growth momentum going forward, a release said. "We are big believers in the power of exchanges and thus have been keen to take an early position in India in terms o...

Dubai Based Emaar Malls Acquire 51% Equity in E-commerce Website Namshi

24May By PriyankaNo Comments

ACQUISITION

Dubai Based Emaar Malls Acquire 51% Equity in E-commerce Website Namshi

Dubai based billionaire Mohamed Alabbar firm Emaar Malls acquires 51 percent stake in Rocket Internet backed e-commerce website Namshi.com for $151 million. This is a second acquisition in two months which shows a sign of growing demand for tech deals in the Middle East. After failing to acquire Souq.com, Emaar malls left no space for others this time. The 51 percent equity was belong to Rocket Internet. The recent move by Emaar malls comes on the prediction of the e-commerce in Middle east will grow to $20 billion by 2020. Both Emaar and GFG group (Namshi parent company) said they had agreed to jointly develop the business until a possible listing or a full takeover. Namshi, which operates in the GCC region like United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain...

Alibaba Health Buys Parent’s Health Food Assets for $488.3M

21May By reutersNo Comments

ACQUISITION

Alibaba Health Buys Parent’s Health Food Assets for $488.3M

Alibaba Health is buying controlling shareholder Alibaba group's health food and nutritional products businesses for HK$3.8 billion ($488.3 million), further developing it into Alibaba's healthcare flagship platform. Alibaba Health will buy Ali JK Nutritional Products Ltd from Alibaba Group in a deal to be settled by the issue of 1.19 billion shares at HK$3.2 apiece, or a 6.16% discount to the last close, the company said in a filing to Hong Kong stock exchange. The deal will bring a broader set of merchants into the online healthcare community, while the company will obtain more stable and sustainable revenue growth, the Hong Kong-listed firm added. Alibaba Health saw its adjusted net loss narrowed to 98.3 million yuan ($14.3 million) for the year ended in March, from a 161.5 mil...

11May By AdityaNo Comments

ACQUISITION

Bengaluru Based Happiest Minds Acquisition of Cupola Technology

Happiest Minds Technologies, a next-generation digital transformation, infrastructure, security and product engineering services company, announced the acquisition of Cupola Technology - a specialized IoT services company with innovative solutions across the IoT lifecycle. This strategic acquisition is in-line with Happiest Minds' vision to expand upon its already thriving IoT business by bringing in complimentary frameworks, ready-to-use solutions and marquee customers. "We have found that organizations are rapidly moving from proof of concept to enterprise-wide IoT rollouts. This has brought about the need for a dedicated IoT operations center with a solution-centric approach. The acquisition of Cupola will add to our IoT center of excellence with a like-minded team that is focused to...

Techmagnate Acquires BlogX, the Largest Blog Conference in India

10May By PriyankaNo Comments

ACQUISITION

Techmagnate Acquires BlogX, the Largest Blog Conference in India

Techmagnate, India’s leading Digital Marketing Agency acquired BlogX, India’s largest blog conference where bloggers and content managers connect. Upon the acquisition, Mr. Manmeet Pal Singh, founder of BlogX said, “A new chapter begins today for BlogX under the management and expert guidance of Mr. Sarvesh Bagla, CEO of Techmagnate, which is rated as one of the best digital agency offering digital marketing services in India. We didn’t have the bandwidth or resources to scale BlogX and extend its reach across the country. But with this sale we’re confident that our vision to create a better platform for content creators and revive local blogging communities will come to fruition under Sarvesh’s leadership.” The first BlogX event took place in July 2016 in New Delhi, and since then t...

Tata Technologies Acquire Europe Based Escenda Engineering

8May By Press Trust of IndiaNo Comments

ACQUISITION

Tata Technologies Acquire Europe Based Escenda Engineering

Engineering services company Tata Technologies today said it has entered into a definitive agreement to acquire Escenda Engineering AB. "The acquisition helps Tata Technologies accelerate its plans to expand in Europe due to the rapid growth opportunity the region offers in both the automotive and industrial machinery sectors," the company said in a statement issued here. Following the acquisition, Escenda Engineering will become a wholly owned subsidiary of Tata Technologies Europe, However, the company will maintain the same management team and full workforce under the new ownership. "Through this acquisition, Tata Technologies will leverage its global expertise in engineering services to support key accounts in Sweden and the European market and help them create better products...

4May By AnkitaNo Comments

ACQUISITION

CarTrade.com Acquires Adroit Inspection

Online auto classifieds platform CarTrade has acquired vehicle inspection and valuation company Adroit Inspection for an undisclosed amount. Adroit Inspection has tie-ups with banks and insurance companies and has team of over 300 field inspectors spread across the country. The acquisition of the inspection and valuation company will further strengthen its services in the new and used car segment, the company said in a statement today. CarTrade, post its merger with Carwale in 2015, claims to be the leading automobile marketplace that helps consumers to buy and sell new and used cars. CarTrade Founder and CEO Vinay Sanghi said: "There are immense opportunities waiting to be tapped in the vehicle inspection and valuation space. The Adroit team undoubtedly is the best in the mark...

Cisco to Acquire Indian Origin CEO Led Startup For $610 Million

4May By AnkitaNo Comments

ACQUISITION

Cisco to Acquire Indian Origin CEO Led Startup For $610 Million

American technology giant Cisco has said it will pay USD 610 million in cash to acquire a networking start-up led by an Indian-origin software industry veteran. Cisco will buy Viptela, a privately held software-defined wide area network (SD-WAN) company based in San Jose, a move that will expand its portfolio. Viptela CEO Praveen Akkiraju, a University of Madras and Harvard Business School alumnus said, "the companys fabric, as it relates to SD-WAN and cloud networking, fits in as an important piece of Ciscos Enterprise Networking strategy which is driving an industry-wide transition to a software centric architecture and business model." Viptela was founded by 2012 by former Cisco engineers, some of them hailing from the Indian sub-continent. Cisco will buy Viptela for USD 610 mil...

Leading Jewellery Chain Kalyan Jewellers Acquired Online Jewellery Firm

26Apr By AnkitaNo Comments

ACQUISITION

Leading Jewellery Chain Kalyan Jewellers Acquired Online Jewellery Firm

Leading jewellery chain Kalyan Jewellers today acquired the online jewellery firm Candere to augment its presence in the growing online jewellery segment for an undisclosed sum. Kalyan will acquire the equity held by Singularity Strategic, the family office of Brijesh Chandwani and Subram Kapoor and as part of the deal the Thrissur-based company will complete a phased acquisition of the equity held by founder promoter Rupesh Jain, apart from investing more into the firm. The additional investment is primarily to expand Canderes geographical presence into the growing West Asian market including the UAE, Kuwait and Qatar. This is Kalyan first strategic move of its kind as it continues to pursue aggressive growth plans, both organically and inorganically. Rajesh Kalyanaraman, exec...