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TripAdvisor Acquires Menu Management Company SinglePlatform

6Dec By PriyankaNo Comments

ACQUISITION

TripAdvisor Acquires Menu Management Company SinglePlatform

NEEDHAM, Mass., Dec. 6, 2019-- TripAdvisor, the world's largest travel platform acquired leading menu management company SinglePlatform to help the more than five million restaurants listed on TripAdvisor attract more diners and offer a better guest experience. Today, 93 percent of diners check menus online before choosing a place to eat, but for restaurants, keeping their menus up-to-date everywhere on the Internet is a challenging and time-consuming process. SinglePlatform works with restaurants to easily publish and manage their menus and other key information such as their business name, opening hours and contact information on main search and discovery sites like Google and Facebook. Upon completion of the integration, restaurants will be able to subscribe to the service and conve...

Adani Transmission to Acquire KEC International’s Transmission Project

5Nov By Gauri SinghNo Comments

ACQUISITION

Adani Transmission to Acquire KEC International’s Transmission Project

Adani Transmission has reportedly entered into an agreement with KEC International for acquiring a transmission project, as the billionare Gautam Adani-led company continues to snap up power assets. It has been stated that Adani Transmission will buy KEC Bikaner Sikar Transmission for an enterprise value of Rs 227.5 crore ($31 million) in cash. This particular acquisition is in sync with the company’s strategy to enhance the value for its stakeholders through organic as well as inorganic opportunities as mentioned by the company, and, this transaction is expected to be completed in two to three months subject to all necessary regulatory approvals. Vimal Kejriwal, the managing director and chief executive at KEC International mentioned that the sale is in line with its strategy of ...

IT Company Viithiisys Technologies Acquires a Delhi-based Startup

3Nov By Gauri SinghNo Comments

ACQUISITION

IT Company Viithiisys Technologies Acquires a Delhi-based Startup

A boutique IT consulting and services company called Viithiisys Technologies has reportedly acquired an on-demand application development startup Actiwate. The particular deal will help the company to expand its product portfolio and list of clients. Based in Chandigarh and founded by Gaurav Saini, Viithiisys didn't disclose financial details of the deal. “This acquisition will help us build a robust and experience-oriented product with the potency to give voice to the people in the visitor management platform,” the CEO said. On the other hand, Actiwate was founded in 2016 and is operated by Delhi-based Partiko Services. The company has developed about 60 software products for various multinational companies as well as startups. The company claims to be profitable with more than 20...

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...

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...

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...

USA Based Salesforce Acquires Marketing Firm Rebel

6Oct By Gauri SinghNo Comments

ACQUISITION

USA Based Salesforce Acquires Marketing Firm Rebel

USA’s cloud computing company Salesforce has reportedly acquired Rebel, a startup that develops interactive email services for businesses to enhance their direct marketing services. The startup has claimed that it will be joining Salesforce’s Marketing Cloud operation, which will integrate Rebel’s API-based services into its platform. “With Rebel’s Mail and API solutions, brands, including Dollar Shave Club, L’Oreal and HelloFresh, turn emails into an extension of their website or app – collecting data, removing friction from the conversion process, and enhancing the customer experience. Rebel will enhance the power of Salesforce Marketing Clod and fundamentally change the way people interact with email,” said the founder. Saleforce’s list of acquisitions has been long it competes wit...

WeWork Coworking Acquisitions & Its Growth

1Apr By Sheldan RungasamyNo Comments

ACQUISITION, ANALYSIS

WeWork Coworking Acquisitions & Its Growth

WeWork, the famous co-working space provider was founded in 2010 when it opened two offices in New York. The purpose of the company was to provide workspaces to companies and people where they could expand together. They are also reknown for giving their locations a design face-lift and providing their client-base with dynamic environments that is meant to boost creativity, focus and facilitate connections. Their aim when they opened their first office was to humanize work by making CEOs help each other grow their respective businesses, and provide offices as comfortable as the employees’ home. Eight years since its inception, the company is now present in 56 cities and 18 different countries. Indeed, the company grew very quickly. They opened two locations in 2010 and doubled that ...

27Jan By AnkitaNo Comments

ACQUISITION

Giftxoxo Acquires Mumbai-Based Actizone

BENGALURU: Bangalore-based Giftxoxo a gifting company, has acquired Mumbai-based, Actizone, an online marketplace for extracurricular activities classes for kids for an undisclosed amount. "Actizone will help us cater to the large kids activities market in India. It'll add to our existing portfolio of activities in different categories," said Manoj Agarwal, cofounder of Giftxoxo, owned by Nreach Online Services Pvt. Ltd. Giftxoxo, a four-year-old startup, has an app called Frogo that helps customers discover and book activities, experiences and professionals around their city or a travel destination. This move is expected to help Frogo to cater to the kids activities market in India. As per the deal, Actizone co-founder, Rajat Varma, will join Nreach and will lead the sales and bu...

Practo acquires Qikwell, Hospital appointment scheduling platform

24Sep By No Comments

ACQUISITION

Practo acquires Qikwell, Hospital appointment scheduling platform

Healthcare startup Practo today said it has acquired Qikwell, a company that facilitates appointment scheduling at hospitals, for an undisclosed amount. The buyout makes Practo the world's largest appointment booking platform with nearly 40 million appointments managed every year, it said in a statement. (more…)