ACQUISITION | Pixr8 News

23Nov By AdityaNo Comments

ACQUISITION

GlobalLogic Acquires UK based ECS Group

SAN JOSE, Calif. & LONDON, Nov 23rd, 2020-- GlobalLogic has acquired ECS Group, a leading digital transformation and DevOps consultancy firm. The Terms of the transaction were not disclosed. Headquartered in London, ECS delivers digital solutions that harness the latest cloud technologies, with a focus on Digital Engineering, Data Analytics and Customer Experience. The company serves multiple industries, with particular expertise in the banking and financial services sector. With the acquisition of ECS, GlobalLogic advances its European strategy, expands its Financial Services footprint and adds a host of complementary cloud-centric offerings to its portfolio. ECS brings to GlobalLogic a highly regarded proficiency in cloud architecture and advisory services as well as e...

HR and Payroll platform Paylocity acquire Samepage

16Nov By AnkitaNo Comments

ACQUISITION

HR and Payroll platform Paylocity acquire Samepage

SCHAUMBURG, Ill., Nov. 16, 2020-- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions acquire Samepage, an all-in-one team collaboration solution. Samepage offers digital collaboration tools including task management, file sharing, real-time document collaboration and more. With the deal, Paylocity expands its product functionality in these areas and demonstrates a commitment to building its modern workforce suite of solutions that meet the needs of both HR teams and employees. Through Paylocity's acquisition of Samepage, clients and their employees can collaborate to elevate the remote work experience while increasing productivity and efficiency among teams. "We've always viewed our clients as the co-creators of our products, and joi...

IBM to Acquire SAP Consulting Partner TruQua

16Nov By PriyankaNo Comments

ACQUISITION

IBM to Acquire SAP Consulting Partner TruQua

ARMONK, N.Y., Nov. 16, 2020-- Global IT firm IBM acquire TruQua Enterprises, an IT services and consulting SAP development partner. TruQua specializes in delivering finance and analytics solutions to Fortune 500 companies. This acquisition shift IBM strategy from legacy enterprise systems and siloed processes to cloud-based integrated and streamlined finance functions such as cash flow, budgeting, and consolidations is critical in today's rapidly evolving marketplace. TruQua will enable IBM to broaden its consulting expertise and capabilities to help clients implement SAP solutions that will improve and automate financial management workflows, enhance operational efficiency, and, ultimately, drive an enterprise-wide transformation through the adoption of SAP S/4HANA, the latest g...

Shutterstock acquire AI Music Platform Amper Music

11Nov By AdityaNo Comments

ACQUISITION

Shutterstock acquire AI Music Platform Amper Music

NEW YORK, Nov. 11, 2020-- Shutterstock, a leading licensed photographs platform acquire Amper Music. Amper Music is a leading AI-driven music platform that enables users to create and customize original music by leveraging over one million individual audio samples recorded by musicians on thousands of unique instruments. Shutterstock's acquisition of Amper strengthens its capabilities in artificial intelligence, particularly in content search and discovery of tracks composed by Shutterstock's community of artists as well as editing tools for Shutterstock users. As part of the transaction, Amper's employees will join the Shutterstock team and will bolster Shutterstock's focus on enhancing customer experience through new AI-supported functionalities and tools. "We're delighted...

Spotify acquired adtech firm Megaphone for $235 million

10Nov By PriyankaNo Comments

ACQUISITION

Spotify acquired adtech firm Megaphone for $235 million

New York, NOV 10 2020: Sweden-based digital music platform Spotify to acquire podcast advertising and publishing platform Megaphone for $235 million. For podcast publishers, the acquisition will unlock innovative tools that will help them earn more from their work. This includes the opportunity to opt-in to have their content monetized, matching their listeners with even greater demand from advertisers. Spotify will soon make Streaming Ad Insertion available to all podcast publishers on Megaphone, the first time this technology will be made available to third-parties. With Streaming Ad Insertion, podcast publishers will be able to offer more valuable podcast audiences to advertisers based on confirmed ad impressions. Spotify has 1.9 million podcasts including biggies such as "Th...

Stonepeak acquire Astound Broadband from TPG for $8.1 Billion

3Nov By PriyankaNo Comments

ACQUISITION

Stonepeak acquire Astound Broadband from TPG for $8.1 Billion

PRINCETON, N.J., 3rd Nov 2020-- Stonepeak, a private equity firm specializing in infrastructure investing acquire Astound Broadband (Astound), the sixth-largest U.S. cable operator for $8.1 billion. Stonepeak will acquire the company from TPG Capital and Patriot Media Management. The transaction is expected to close in the second quarter of 2021 and is subject to customary closing conditions, including regulatory approvals. Stonepeak is partnering with Patriot Media, the industry-leading management team headed by Steve Simmons and Jim Holanda that currently manages Astound. The company is a premier broadband provider offering internet, entertainment, communications, connectivity, and fiber infrastructure solutions for residential customers and businesses of all sizes. Th...

Wipro Acquire Fintech Service Provider Encore Theme

28Oct By PriyankaNo Comments

ACQUISITION

Wipro Acquire Fintech Service Provider Encore Theme

BANGALORE, India, 28th Oct 2020 -- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global IT company acquire Encore Theme, a specialist in providing SaaS and Cloud solutions in financial services for an undisclosed amount. Over the past decade, Encore Theme headquartered in Chennai, India has focused exclusively on implementing a broad suite of Trade Finance solutions, developed by Finastra, one of the world’s largest fintech, to financial institutions across the Middle East, Africa, India, and the Asia Pacific. They have successfully delivered more than 75 large scale Finastra Trade Finance projects for banks across these regions. Financial institutions are all looking to modernize their trade platforms and focus on the end-to-end digitalization of commercial routines...

Flipkart acquires 7.8% stake in Aditya Birla Fashion for $204 Million

24Oct By AdityaNo Comments

ACQUISITION

Flipkart acquires 7.8% stake in Aditya Birla Fashion for $204 Million

New Delhi, Oct 24, 2020: Walmart owned Flipkart acquires a 7.8 percent stake in Aditya Birla Fashion and Retail for $203.8 million (Rs 1,500 crore) as it taps into the offline retail player's large bank of apparel outlets to bolster its presence in the high-margin fashion business. Billionaire Kumar Mangalam Birla's retail business will issue preference shares to Flipkart, giving it a 7.8 percent stake, Aditya Birla Fashion said in a stock exchange filing on Friday. Aditya Birla Fashion's current owners will hold a 55.1 percent stake after the allotment. While Flipkart will gain from Aditya Birla Fashion's range of international and Indian brands, the deal will help the company cut down debt, which stood at Rs 2,776 crore as of March 31, 2020. The investment will give it a big...

BitTorrent acquire DLive, Launched BitTorrent X Ecosystem

23Oct By PriyankaNo Comments

ACQUISITION

BitTorrent acquire DLive, Launched BitTorrent X Ecosystem

SAN FRANCISCO, 23rd Oct 2020-- BitTorrent Inc., the leader in peer-to-peer (P2P) technology acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. BitTorrent X represents the transformation of BitTorrent, a world-renowned peer-to-peer service from a software company into a conglomerate of decentralized storage and data protocols and content distribution platforms. The entirety of BitTorrent X’s utilities and services will be powered by the BTT cryptocurrency. BitTorrent started as a data transferring protocol used not long by over 2 billion users but also some tech giants such as Facebook, Twitter, and Blizzard. It also inspired the design of Bitcoin and the movement of decentralization. Acquired by Justi...

Alibaba acquire Controlling Stake in Sun Art For $3.6 billion

19Oct By AnkitaNo Comments

ACQUISITION

Alibaba acquire Controlling Stake in Sun Art For $3.6 billion

HANGZHOU, China, 19th Oct 2020-- Alibaba Group acquired 72% stake in China-based leading hypermarket and supermarket operator Sun Art for USD3.6 billion. This transaction demonstrates Alibaba’s new Retail strategy by further integrating online and offline resources in China’s retail sector. Following the transaction, Alibaba will consolidate Sun Art in its financial statements. Additionally, Peter Huang has been appointed Chairman of Sun Art in addition to his current role as Chief Executive Officer. Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group, said, “Alibaba’s strategic investment in Sun Art in 2017 was an important step in our New Retail strategy. The alliance we formed with Auchan Retail and Ruentex was instrumental in building a robust infrastructure t...

Stripe Acquire Paystack for $200+ Million to Enter into Africa Region

15Oct By Ankita SinghNo Comments

ACQUISITION

Stripe Acquire Paystack for $200+ Million to Enter into Africa Region

Nigeria, 15th Oct 2020: US-based online paymnet firm Stripe acquire Nigeria based payments firm Paystack for more than $200 million to enter into africa region. Earlier in 2018, Stripe invested $8 million in a Series A funding round for Paystack. With this acquisition Stripe will control more than half of online payments in Nigeria. Also, Paystack has already started a pilot with businesses in South Africa. Like Stripe, Paystack is a technology company powering growth for businesses in Africa through the API process in the payment system.More than 60,000 businesses in Nigeria and Ghana use Paystack to collect online and offline payments. The team has developed APIs enabling developers to create online custom checkout experiences, build automated recurring billing systems, instant...

Twilio to Acquire Segment for $3.2 billion

12Oct By PriyankaNo Comments

ACQUISITION

Twilio to Acquire Segment for $3.2 billion

SAN FRANCISCO, 12th Oct 2020-- Twilio (NYSE: TWLO) to acquire Segment for approximately $3.2 billion in stock and cash deal. The transaction is expected to close in the fourth quarter of 2020. “Data silos destroy great customer experiences,” said Jeff Lawson, co-founder, and CEO of Twilio. “Segment lets developers and companies break down those silos and build a complete picture of their customer. Combined with Twilio's Customer Engagement Platform, we can create more personalized, timely, and impactful engagement across customer service, marketing, analytics, product, and sales. We are thrilled to welcome Segment to the Twilio team.” The businesses that deliver the best experiences are the ones that know their customers well and use customer data to provide more relevant interactio...