Acquisition | Pixr8 News

Alibaba Acquired 1% More Equity in Paytm, Up Stake to 41%

7Mar By AnkitaNo Comments

ACQUISITION

Alibaba Acquired 1% More Equity in Paytm, Up Stake to 41%

Reliance Capital has sold its nearly 1 percent stake in popular digital payments firm Paytm for Rs 275 crore to China's Alibaba Group in a deal reaping huge gains for the Anil Ambani-led group firm. The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm. The deal gives a valuation of over USD 4 billion to Paytm, which is already backed by Alibaba group as a strategic investor. Sources said that Reliance Capital has retained a stake in Paytm e-Commerce, which it had got free of cost by virtue of the investment in the parent firm. In the latest fund-raising round, Paytm e-Commerce was valued at USD 1 billion. A Reliance Capital spokesperson declined to comment on the deal while Paytm spokesperson also did not comment. Earlier, Reliance C...

11Feb By PriyankaNo Comments

ACQUISITION

Auto Major Peugeot Acquired The Iconic Brand “Ambassador” For Rs 80 Crore

The iconic brand Ambassador, which used to be a symbol of the high and mighty in power corridors, has changed hands, with Hindustan Motors selling it to European auto major Peugeot for Rs 80 crore. The C K Birla group firm has inked an agreement with Peugeot SA to this effect. As things stand, the manufacturing of Ambassador car has been discontinued. "Hindustan Motors has executed an agreement with Peugeot SA for the sale of the Ambassador brand, including the trademarks, for a consideration of Rs 80 crore," Hindustan Motors today said in a regulatory filing. Last month, the PSA Group had inked a partnership with the CK Birla group to re-enter the Indian market and earmarked an initial investment of 100 million euros (around Rs 700 crore) to set up vehicle and powertrain manufacturing...

Leading Indian Dating App Woo Acquires US based DUS Dating App

3Feb By AdityaNo Comments

ACQUISITION

Leading Indian Dating App Woo Acquires US based DUS Dating App

Leading dating app Woo forges ahead in the online dating space by acquiring DUS, a Los Angeles-based dating app focused on the South Asian community. The move will further strengthen its positioning by connecting Indians all over the world. DUS was specifically designed for South Asian singles to provide them a dating opportunity within their community. Woo, which has been the pioneer in the online dating industry of India since its inception in 2014 is now gearing up for a major global push. This acquisition is a natural step in driving its vision of connecting like-minded singles around the world. Woo announced today that they have formally signed an agreement with DUS and now will acquire its platform and brand to increase their foothold in US, one of the largest markets for the o...

Delhi Based OneLoyalCard Acqui-hires Restaurant Deals Startup Pocketin

1Feb By AdityaNo Comments

ACQUISITION

Delhi Based OneLoyalCard Acqui-hires Restaurant Deals Startup Pocketin

OneLoyalCard.com, a Delhi based restaurant reservation & deals platform has acqui-hired Pocketin, a year old startup which was also operating in the same space. Pocketin’s entire team along with its founders will join OneLoyalCard at their office. This move will help strengthen OneLoyalCard’s technology and quicken its expansion plans across major markets in India. Arpit Aggarwal, Vaibhav Garg and Sahil Mendiratta, all Chartered Accountants and 2nd-Generation entrepreneurs, started OneLoyalCard in July 2015 with a vision to enhance diners’ experience and to provide a comprehensive marketing solution to the restaurants. Currently, OneLoyalCard provides 2,000+ deals at over 500+ restaurants in Delhi, Gurgaon, Noida & Faridabad. Customers can use OneLoyalCard’s website or app to...

Cisco to Acquire Software Firm Founded By Former IIT Delhi Student For 25000 Crore

26Jan By AdityaNo Comments

ACQUISITION

Cisco to Acquire Software Firm Founded By Former IIT Delhi Student For 25000 Crore

San Francisco-based software company founded by an IIT alumnus will be acquired by American technology giant Cisco for USD 3.7 billion. Jyoti Bansal founded application intelligence software company AppDynamics in 2008 with a vision to "help modern enterprises embark on their journey of digital transformation with a disruptive approach to managing their software applications." Cisco said it will acquire AppDynamics for approximately USD 3.7 billion in cash and assumed equity awards. It said AppDynamics's cloud application and business monitoring platform enabled the world's largest companies to improve application and business performance. "Applications have become the lifeblood of a company's success. Keeping those apps running and performing well has never been more important," sai...

Wipro Acquired Brazil Based IT Services Provider

26Jan By NitishNo Comments

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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

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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

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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

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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

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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...

Cognizant Acquires Australian Firm Adaptra For ‘Undisclosed Sum’

17Dec By PriyankaNo Comments

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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

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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...