ACQUISITION | Pixr8 News

Affle to acquire 8 pc stake in Indus OS for $2.86 million

3Jul By PriyankaNo Comments

ACQUISITION

Affle to acquire 8 pc stake in Indus OS for $2.86 million

San Francisco, 3rd July 2020: Mobile advertising company Affle said it will acquire 8 percent stake in smartphone operating system firm Indus OS. "Affle (India) Ltd through its subsidiaries announced the signing of a definitive agreement to acquire 8 percent ownership in OSLabs Pte Ltd, Singapore, (Indus OS). Indus OS operates India's largest independent indigenous app store, with key investment from Samsung Venture Investment Corporation," Affle said in a statement. According to a regulatory filing, Affle will pay USD 2.86 million or about Rs 21 crore to Indus OS for the stake. "We derive significant synergies with the Indus App Bazaar which, through its multi-lingual capabilities, deeply enhances our vernacular scale and the verticalisation strategy. "It strengthens Affle's p...

Marico acquires Men’s Grooming startup Beardo

1Jul By AdityaNo Comments

ACQUISITION

Marico acquires Men’s Grooming startup Beardo

Marico has now fully acquired Beardo, a startup company which operates into the men’s grooming market, by buying 55 percent additional shares, a move which will help FMCG firm to extend its play into the segment. Marico has acquired the remaining 55 percent share of Zed Lifestyle, Beardo’s parent firm, in an all-cash deal, making a step-down company. Founded by Ashutosh Valani and Priyank Shah in 2015, Beardo is Shop for the complete range of Men grooming products for your hair, beard, mustache, skin & face. Shampoo, beard wash, beard oil, facial serum, face lotion etc. “The investment makes the investee company (Zed Lifestyle) a wholly-owned subsidiary of Marico Ltd and gives Marico a complete control over the operations of the investee company,” said Marico in a regulatory ...

Galaxy Semiconductor Acquires Quantix Business from Siemens

29Jun By AdityaNo Comments

ACQUISITION

Galaxy Semiconductor Acquires Quantix Business from Siemens

MENLO PARK, Calif., June 29, 2020 -- Galaxy Semiconductor acquire substantially all of the assets of the Quantix Business from Mentor Graphics Corporation, a Siemens-owned business. The acquisition will allow Galaxy to re-establish itself as the premier independent provider of test data management and analysis solutions for the semiconductor industry. The transaction is expected to close in a few weeks. The terms of the deal are not being disclosed. "We chose to continue with the Galaxy name because of the many years of history and the strong reputation that it enjoys in the semiconductor industry," said Philippe Lejeune, Board Chairman and CTO of the newly formed company. "I'm looking forward to leading this great team to design and build amazing new products that address diffic...

Apple acquires Fleetsmith to improve Mac, iPad, and iPhone performance

25Jun By NitishNo Comments

ACQUISITION

Apple acquires Fleetsmith to improve Mac, iPad, and iPhone performance

iPhone maker Apple has acquired San Francisco-based Fleetsmith to improve business's Mac and iPad devices. Fleetsmith automates device setup, intelligence, patching, and security, for your company's Macs, iPhones, iPads, and Apple TVs. The acquisition by Apple into the mobile device management industry, a category of business software dominated by players such as Microsoft Corp and VMware Inc. Fleetsmith announced the acquisition deal in a blog post. The deal size has not been disclosed. "Our mission from day one was to balance the needs of IT with the experience users love about Macs, iPhones, and iPads. We’re beyond thrilled to continue that work at Apple." Fleetsmith said. Founded in 2016 by Jesse Endahl, Ken Kouot, Stevie Hryciw, Zack Blum, Fleetsmith raises over $40 m...

Clarke Capital and Ikonifi Acquire Softbank’s Former Portfolio Company Brandless.com

25Jun By AnkitaNo Comments

ACQUISITION

Clarke Capital and Ikonifi Acquire Softbank’s Former Portfolio Company Brandless.com

SALT LAKE CITY, June 25th, 2020 -- Utah-based Clarke Capital Partners with Silicon Slopes digital marketing agency, Ikonifi acquire Brandless.com. Brandless.com is the community-driven, direct-to-consumer company that offered a curated assortment of high-quality, fairly priced products. After this acquisition, the partnership intends to aggressively relaunch these products to order it online in the near future. The company that shot to stardom in 2018 under the leadership of Tina Sharkey, shut its doors in February of this year, despite having achieved a $500 Million valuation and having received almost $300 Million from sources including SoftBank's $100 Billion Vision Fund, NEA, Redpoint Ventures, GV, and Sherpa Capital. Celebrity investors had also included the likes of S...

ServiceNow to Acquire Belgium based Data Management Pioneer Sweagle

23Jun By PriyankaNo Comments

ACQUISITION

ServiceNow to Acquire Belgium based Data Management Pioneer Sweagle

SANTA CLARA, Calif., 23rd June 2020-- ServiceNow (NYSE: NOW), the leading digital workflow company making work better for people, has signed an agreement to acquire Sweagle, a Belgium-based configuration data management company. The transaction will extend ServiceNow’s DevOps and IT Operations Management (ITOM) capabilities, giving customers the ability to leverage machine learning to identify and help prevent potential misconfigurations from causing outages in production and speeding up remediation. COVID-19 has magnified the importance for organizations to quickly adapt technology to meet changing customer and employee needs. Sweagle provides a single source of truth for configuration data that is otherwise spread across many tools. With Sweagle, ServiceNow customers can identify ...

IBM acquires cloud cybersecurity management company Spanugo

16Jun By NitishNo Comments

ACQUISITION

IBM acquires cloud cybersecurity management company Spanugo

ARMONK, N.Y., June 15, 2020-- IT major IBM acquire Spanugo, a US-based provider of cloud cybersecurity posture management solutions. To further meet the security demands of its clients in highly regulated industries, IBM will integrate Spanugo software into its public cloud. Late last year, IBM announced it designed the world's first financial services public cloud to help address the requirements of financial services institutions for regulatory compliance, security and resiliency. Once available, it will provide preventative and compensatory controls for financial services regulatory workloads, multi-architecture support and proactive and automated security, leveraging the industry's highest levels of encryption certification. The addition of Spanugo software will help accele...

Sweden based Sinch acquire ACL Mobile for $70 Million

15Jun By AdityaNo Comments

ACQUISITION

Sweden based Sinch acquire ACL Mobile for $70 Million

Stockholm, Sweden, 15th June, 2020: Sinch AB (publ), a global leader in cloud communications for mobile customer engagement, has acquired ACL Mobile Limited for $70 million. Founded in 2000, ACL Mobile is a leading provider of cloud communications services in India and Southeast Asia. Its platform enables businesses to interact with their customers through multiple channels including SMS, voice, email, IP messaging, and WhatsApp. The company serves more than 500 enterprise customers and is particularly successful in Banking and Financial Services industry, where ACL’s proprietary Axiom platform offers intelligent routing and granular access controls that specifically caters to the stringent security requirements of demanding financial institutions. Leading financial institutions...

Los Angeles based RepairSmith Acquires More Automotive Group

12Jun By AnkitaNo Comments

ACQUISITION

Los Angeles based RepairSmith Acquires More Automotive Group

LOS ANGELES, June 11, 2020 -- RepairSmith announces the acquisition of More Automotive Group, a leading provider of mobile repair and maintenance services for fleets, property managers, and corporate office parks in the San Francisco Bay Area and Sacramento. Founded in 2016, More Automotive Group services thousands of vehicles annually, delivering on-site repair and preventative maintenance including oil changes, filter and wiper blade replacements, tire rotation, brake and suspension repairs and check engine light diagnostics. Concierge service to an off-site repair facility is also available for more complex work. "We look forward to helping RepairSmith through a commitment to trust, quality and exceptional service," said Tim Kennedy, former owner of More Automotive Group, and now,...

Cipla acquired 22 percent stake in GoApptiv

11Jun By Press Trust of IndiaNo Comments

ACQUISITION

Cipla acquired 22 percent stake in GoApptiv

Pharma major Cipla will acquire 21.85 percent stake in GoApptiv on a fully-diluted basis in two phases. The cost of acquisition is Rs 9 crore (Rs 5.80 crore in the first stage and Rs 3.20 crore in the second stage), it said in a regulatory filing. In the first stage, subscription of 15,392 compulsorily convertible preference shares and purchase of 6,927 equity shares is expected to be closed within 30 days from the execution date, subject to certain conditions precedent,.In the second stage, subscription of 12,314 compulsorily convertible preference shares is expected to close by October 31, subject to certain conditions precedent, it added. GoApptiv offers digital solutions for integrated brand sales management, digital marketing and channel engagement for pharmaceutical compani...

Infibeam Acquires Cardpay Technologies for $59k

8Jun By PriyankaNo Comments

ACQUISITION

Infibeam Acquires Cardpay Technologies for $59k

India's first listed eCommerce platform Infibeam registered as Infibeam Avenues Ltd has acquired Bengaluru-based Cardpay Technologies Ltd. Cardpay offers a unified spend management platform to corporates under ''GRIT'' brand name with physical and virtual credit cards, invoice processing and early payment discounting. The deal has taken place at an initial cash consideration of $59,613 (Rs 45 lakh). “There would be a reward incentive mechanism to the management of the target company (Cardpay) up to rupees equivalent to USD 1 million, based on performance parameters of the target company, as mutually agreed," Infibeam said in a statement. "The acquisition of Cardpay strengthens Infibeam's Payments credit services business with a comprehensive credit issuance portfolio including ...

Silver Lake & Co acquire additional 0.9% Stake in Reliance Jio

7Jun By PriyankaNo Comments

ACQUISITION

Silver Lake & Co acquire additional 0.9% Stake in Reliance Jio

New Delhi: Reliance Industries said private equity fund Silver Lake and its co-investors invest an additional $601.40 million (Rs 4,546 crore) in digital unit Jio Platforms. The investment comes on top of the $750 million Silver Lake committed to Jio Platforms earlier this month. With this investment, Silver Lake's stake in Reliance Jio raises 2.08 percent from earlier 1.15 percent. Reliance has now sold nearly 20 percent of Jio Platforms to investors, including Facebook, KKR, UAE based fund, etc. securing around $12 billion in less than six weeks. The deal controlled by India's richest man Mukesh Ambani, including a $7 billion share sale, with plans to eliminate $21.4 billion of net debt by the end of the year. "The investment momentum behind Jio validates a compelling bu...