ACQUISITION | Pixr8 News

Wipro Acquired Brazil Based IT Services Provider

26Jan By NitishNo Comments

ACQUISITION

Wipro Acquired Brazil Based IT Services Provider

Wipro Ltd. a leading global information technology, consulting and business process services company today signed an agreement to acquire InfoSERVER S.A. for BRL 27.6 Million (USD 8.7Mn). InfoSERVER, an IT services provider, which is focussed on the Brazilian market, provides custom application development and software deployment services. Two-decade old InfoSERVER, which counts some of the largest Brazilian banks as its clients, will help Wipro in expanding its presence in the country’s highly traditional and competitive Banking, Financial Services & Insurance market besides adding invaluable domain and process knowledge on the sector. This acquisition closely aligns with Wipro’s vision to localise, expand its presence and become a significant partner of choice in the LATAM ma...

25Jan By AdityaNo Comments

ACQUISITION

BookMyShow Acquires Hyderabad Based MastiTickets

BookMyShow has acquired Hyderabad-based online ticketing platform, MastiTickets, for an undisclosed sum, a move aimed at consolidating its presence in Andhra Pradesh and Telangana. The acquisition will include transfer of MastiTickets' key assets along with existing cinema partnerships to BookMyShow, BookMyShow CEO and co-founder Ashish Hemrajani told Pixr8. He, however, declined to comment on the deal size. Founded in 2014 by Ravi Narla, MastiTickets has a strong presence in Andhra Pradesh and Telangana and currently works with over 120 cinemas. "The acquisition will help us further consolidate our position and strengthen our footprint. We work with 530 cinemas in these two States and have added 175 of these in the last 12 months alone," he said. MastiTickets has a very small...

Google Acquired Twitter Mobile App Developer Platform Fabric

20Jan By AnkitaNo Comments

ACQUISITION

Google Acquired Twitter Mobile App Developer Platform Fabric

Google is acquiring Twitter's mobile application developer platform Fabric, a move which could give some breathing room for the social network after charting an independent path without a suitor. Terms of the deal were not announced. Twitter last year was in talks to sell itself with several firms including Google parent Alphabet, but without a deal decided to continue on an independent path, cutting jobs and refocusing on its core services. The sale of Fabric will shift to Google the platform used by developers for mobile apps. "When we launched Fabric in 2014, our goal was to provide the best tools to help developers create amazing apps," the Fabric team said in a blog post. "Today we enter the next chapter for Fabric and are pleased to announce that we've signed an agreement for ...

HP Acquired US Software Startup SimpliVity for $650 Million

19Jan By NitishNo Comments

ACQUISITION

HP Acquired US Software Startup SimpliVity for $650 Million

Hewlett Packard Enterprise today announced a deal to buy business data management firm for USD 650 million in cash. Founded in 2009, the Massachusetts-based Simplivity sells "hyperconverged" systems that combine computing, storage and networking. HPE said the market for such systems was estimated at USD 2.4 billion last year and was expected to grow to nearly USD 6 billion by the year 2020. "This transaction expands HPE's software-defined capability and fits squarely within our strategy to make Hybrid IT simple for customers," HPE chief executive Meg Whitman said in a statement. HPE, based in Palo Alto, California, was the result of the November 2015 breakup of computing giant Hewlett-Packard. The group was split between its enterprise unit, HPE, and the personal computer and prin...

Housing.com Shuts Down, Announced Merger With PropTiger

10Jan By PriyankaNo Comments

ACQUISITION

Housing.com Shuts Down, Announced Merger With PropTiger

In a major consolidation in the online realty space, PropTiger.com and Housing.com today announced a merger to create Indias largest online real estate services company and the joint entity will raise USD 55 million of fresh investment. News Corp-backed PropTiger.com and SoftBank-backed Housing.com announced "they will come together to become India's largest online real estate services company." As part of the transaction, REA Group Ltd will invest USD 50 million in the joint entity with an affiliate of SoftBank Group Corp, investing USD 5 million. News Corp remains the largest shareholder of PropTiger, and also owns 61.6% of REA Group. Representatives of REA and SoftBank will join the board of the joint entity, which will continue to be chaired by a News Corp representative. Dhru...

4Jan By NitishNo Comments

ACQUISITION

HCL Completes Acquisition of Butler America Aerospace

IT services major HCL Technologies today said it has completed its USD 85 million acquisition of Butler America Aerospace. The all-cash deal, announced in October last year, will strengthen HCL Technologies' position in the aerospace and defence engineering services space. "The acquisition has been completed with effect from January 3, 2017," HCL said in a filing to the BSE. Butler Aerospace provides engineering, design services and aftermarket engineering services to US aerospace and defence customers, serving them in areas of mechanical and structural design, electrical design, tool design and aftermarket engineering services. The acquisition excludes staffing business of Butler America Inc. Butler America Aerospace had revenues of USD 85.4 million for the year ended December 31...

Cognizant Acquires Australian Firm Adaptra For ‘Undisclosed Sum’

17Dec By PriyankaNo Comments

ACQUISITION

Cognizant Acquires Australian Firm Adaptra For ‘Undisclosed Sum’

Nasdaq-listed IT major Cognizant has entered into an agreement to acquire Australia-based consulting, business transformation and service provider Adaptra, for an "undisclosed sum". Generisches levitra online kaufen Sydney-headquartered Adaptra, established in 1998, works with five of the top 10 insurers in Australia and New Zealand. Adaptra specialises in consulting, programme management and implementation of core platforms such as Guidewire to enable insurance companies to drive improvements across areas like underwriting and policy administration. The acquisition would further strengthen Congnizant's insurance, business transformation and platform capabilities, a company statement said. "As part of the acquisition, approximately 100 professionals will join Cognizant. The terms of...

Practo Acquires Bengaluru Based Analytics Platform Enlightiks

17Dec By NitishNo Comments

ACQUISITION

Practo Acquires Bengaluru Based Analytics Platform Enlightiks

India's leading healthcare platform Practo acquired a Bengaluru-based startup Enlightiks- an advanced analytics platform to offer business intelligence and predictive analysis solutions to healthcare enterprises. The acquisition strengthens Practo’s enterprise segment and augments existing solutions that includes appointment management with Qikwell and a full stack HIMS solution with Insta. The entire team of 50 people from the Enlightiks will join Practo and will form the Analytics Business Unit within Practo which will be headed by Vamsi Chandra Kasivajjala, Co-Founder & CEO, Enlightiks. Enlightiks’ primary offering is called Querent, which is a business intelligence and predictive analytics platform providing actionable insights using complex mathematical, statistical, comp...

Saksoft Acquires Majority Stake in DreamOrbit

16Dec By AnkitaNo Comments

ACQUISITION

Saksoft Acquires Majority Stake in DreamOrbit

Saksoft Limited, a leading digital transformation company, today announced that it has signed an agreement to acquire majority stake in Bengaluru based DreamOrbit Softech Private Limited (technology solution consulting firm with a focus on providing IT services to the Logistics Industry). With this acquisition, Saksoft will further strengthen its offerings in the Digital space with special emphasis on IoT. Incorporated in 2010, DreamOrbit has been providing specialist technology solutions for the logistics & transportation (including air, land & ocean) enterprises and has offices in Bengaluru (India), Delaware (USA). The company has 230 employees and works with 40+ active customers. Almost all the revenues are offshore driven and cater primarily to the US market with a small portion com...

1mg Acquires Mumbai Based Online Consult Platform MediAngels

15Dec By NitishNo Comments

ACQUISITION

1mg Acquires Mumbai Based Online Consult Platform MediAngels

Indian online pharmacy startup 1mg Technologies Pvt. Ltd has acquired Mumbai-based MediAngels for an undisclosed amount in cash and stocks to enter specialty doctor consultations, corporate health services and insurance partnerships. “Our consumers can now access a deep network of over 450 super specialists across India and the world, and we also get an entry into the corporate health space through this platform,” 1mg’s co-founder Prashant Tandon said in a statement on Wednesday. Founded in 2011 by Arbinder Singhal and Debraj Shome, MediAngels is a platform for patients to seek online consultations for specialized medical cases in cardiology, cancer, neurosurgery, orthopedics and pediatrics, among other areas, from its network of doctors covering 93 specialties. “Within 1mg ecosyste...

Berlin-based Delivery Hero Acquire Food Delivery Platform Foodpanda

10Dec By NitishNo Comments

ACQUISITION

Berlin-based Delivery Hero Acquire Food Delivery Platform Foodpanda

Berlin-based online food takeaway service Delivery Hero, one of Europe's biggest start-ups, will acquire competitor Foodpanda, a sign of further consolidation to fend off new competition in Europe's sought after food-delivery business. Delivery Hero, which was valued at 2.89 billion euros ($3.05 billion) in its last funding round a year ago, in a statement on Saturday said it signed a definitive agreement to buy Foodpanda, itself a Berlin-based start-up. Delivery Hero and Foodpanda are both backed by German ecommerce firm Rocket Internet, which invested 800 million euros in Delivery Hero last year and holds 49.1 percent in Foodpanda which focuses on deliveries in Eastern Europe, the Middle East and Asia. Delivery Hero said in a statement the acquisition will be funded by issuing n...

Visa to Acquire CardinalCommerce to Secure and Accelerate Digital Commerce

3Dec By AdityaNo Comments

ACQUISITION

Visa to Acquire CardinalCommerce to Secure and Accelerate Digital Commerce

Visa today announced an agreement to acquire CardinalCommerce, an industry leader in e-commerce payment authentication. The acquisition will enable more secure, seamless payments, whether made through a browser, mobile app, or connected device, and will help Visa’s clients and merchant partners accelerate digital commerce. “This strategic acquisition combines Visa’s industry expertise and Cardinal’s critical role in payment authentication to bring added security to online transactions, reduce fraud, and support digital commerce which is the fastest growing commerce segment today,” said Mark Nelsen, senior vice president of Risk and Authentication Products at Visa. “By helping merchants, acquirers, and issuers better distinguish between good and bad transactions, Visa is in an even bette...