Acquisition | Pixr8 News

29Oct By Gauri SinghNo Comments

ACQUISITION

IBM Made the Largest Software Acquisition for $34 Billion

The multinational IT company IBM has reportedly made the largest software acquisition. The company has acquired US-based software company Red Hat for $34 billion, including debt. The company is expecting to diversify its technology hardware and consulting business into higher-margin products and services. This particular acquisition is by far IBM's biggest acquisition. "The acquisition of Red Hat is a game-changer ... IBM will become the world's No. 1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses," IBM chief executive Ginni Rometty stated. IBM, which has a market capitalization of $114 billion, will pay $190 per share in cash for Red Hat, a 62% premium to Friday's closing share price. IBM, which...

Unacademy Acquires Wifistudy to Tap into the Test Prep Market

27Oct By Gauri SinghNo Comments

ACQUISITION

Unacademy Acquires Wifistudy to Tap into the Test Prep Market

Bengaluru-based online education company Unacademy has acquired Jaipur-based online exam preparation platform and career portal Wifistudy in a bid to tap into the test prep market. The amount of the deal was around $10 million, mostly consisting of stock. The following acquisition will assist Unacademy to establish its existence in smaller Indian towns and cities where WiFiStudy has a stronghold. While it is a complete acquisition, Wifistudy will continue to operate independently under the leadership of Dinesh Godara, its co-founder and chief executive. “In the last few years, we have steadily grown with over 5,000 active educators who are imparting education to millions of learners. Getting WiFiStudy on board just seemed like the logical next step,” Gaurav Munjal said. "With over 4.5 ...

26Oct By Gauri SinghNo Comments

ACQUISITION

Korean Razor Giant Dorco Acquires 10% of LetsShave

Korean razor giant Dorco Ltd picks up 10% stake in an Indian startup LetsShave in Series –A funding. The deal is significant investment for the ecosystem as this is for the first time that global giant has invested in an Indian men’s and women’s grooming product range startup. Founded in 2015, LetsShave claims to have more than 4,50,000 customers base and has been growing at 45% YoY ever since. The startup began with about four products and is now selling 22 products and plans to expand to 40 products in the near future. They have a very strong supply chain that delivers almost everywhere in India. LetsShave claims to have a high repeat rate of customers. In recent years, Indian FMCG companies picked up stakes in grooming & cosmetic startups. In 2017, Marico acquired 45% stake...

Adzuna Acquires UK’s #1 Tech Startup Job Board

25Oct By AnkitaNo Comments

ACQUISITION

Adzuna Acquires UK’s #1 Tech Startup Job Board

24th October 2018- Adzuna.co.uk, the global job search engine, today announced its purchase of Work In Startups, a platform which connects an unrivalled community of job seekers and start-ups across the UK’s growing tech scene. Under the deal, Adzuna will take over operation of Work In Startups, which will retain its independent brand and community of tens of thousands of monthly startup job seekers and hundreds of startups. Doug Monro, co-founder of Adzuna said, “We are thrilled at the opportunity to take Work In Startups to the next level, having watched it become an integral piece of the UK startup hiring scene over the past few years. It has been a fantastic resource for our key early hires, and with our experience from Adzuna and Gumtree before, we’re really excited about what w...

US-Based Technology Firm Oracle Acquires DataFox

23Oct By Gauri SinghNo Comments

ACQUISITION

US-Based Technology Firm Oracle Acquires DataFox

The American technology corporation Oracle has announced another acquisition of a startup that has amassed a huge company database called DataFox. Following this acquisition, the company aims to enhance both the kind of data that it can provide to its business customers and its artificial intelligence capabilities. The acquired company currently covers 2.8 million public and private businesses, adding 1.2 million each year. DataFox makes use of AI to analyse that to make larger business predictions. The combination of Oracle and DataFox will enhance Oracle Cloud Applications with an extensive set of AI-derived company-level data and signals and would also enable customers to reach even better decisions and business outcomes. “Together, Oracle and DataFox will enrich cloud applicatio...

Accenture Acquires an Oracle ERP Cloud Services Provider

22Oct By Gauri SinghNo Comments

ACQUISITION

Accenture Acquires an Oracle ERP Cloud Services Provider

Global professional services company Accenture has announced the acquisition of an Oracle ERP Cloud services provider known as DAZ Systems. The amount of the deal has, however, not been disclosed. The company stated that the deal would help them improve its Oracle capabilities and delivers new value for clients on their journeys to the cloud. As a part of the deal, DAZ’s more than 300 professionals will join Accenture’s Oracle Business Group. "DAZ has extensive experience implementing Oracle Cloud solutions, which complements Accenture’s established credentials across the Oracle Cloud portfolio," said Bhaskar Ghosh, group chief executive, Accenture Technology Services. "Organizations demand proven expertise, as well as new innovative solutions and methods to help them transform their b...

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...

Alten Calsoft Labs acquired Bengaluru-based Chip Design Company

16Oct By Gauri SinghNo Comments

ACQUISITION

Alten Calsoft Labs acquired Bengaluru-based Chip Design Company

The subsidiary of the $2.2-billion French IT firm Alten Group known as Alten Calsoft Labs acquired Bengaluru-based chip design company Si2Chip. The basic purpose of this acquisition is to expand its footprint in the VLSI (very large-scale integration) practice and bolster its semiconductor portfolio. Following this acquisition, the company will add 200 engineers to Alten Calsoft's VLSI division. According to the sources, the size of the acquisition is expected to be under $10 million. Talking about Si2Chip, the company has delivered over 200 projects and counts the top ten semiconductor companies as its customers. It was founded in 2013 and has a a deep understanding of IPs, and optimisation of system-on-chip (SOC) designs. “We are poised to deliver excellence in next-generation tec...

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...

Energy Giant Total Acquires Stake in Adani Group

15Oct By Gauri SinghNo Comments

ACQUISITION

Energy Giant Total Acquires Stake in Adani Group

France-based energy giant Total is eyeing to acquire half of the stake of Adani Group in LNG projects in Gujarat and Odisha. Along with this, the company will also purchase stake in an under-construction LPG import facility and in its city gas projects. Total seems to be showing interest on investing in fast growing gas market in India and finds Adani as a suitable vehicle since it owns crucial downstream infrastructure. The company is in talks to acquire 50 percent stake in the under-construction LPG import terminal that Adani is building at Mundra in Gujarat as well as a stake in Adani’s flourishing city gas distribution projects. India is looking forward to increasing the share of natural gas in its energy basket to 15 percent in the next few years. Along with this, the country...

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...