Acquisition | Pixr8 News

Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta

27Sep By AnkitaNo Comments

ACQUISITION

Indonesia Based GO-JEK Acquires Bangalore Based Startup Pianta

Indonesia's based food and grocery delivery startup GO-JEK has acquired Bangalore based Pianta, a marketplace for home healthcare services, for an undisclosed sum. Post the acquisition, Pianta's eight member team will merge with GO-JEK's engineering centre in Bangalore. Founded in 2010, GO-JEK has over two lakh motorbike taxis, known as "ojeks" in its fleet. Since then, the company has diversified into food, grocery and even courier delivery services. GO-JEK raised $550 million in 2016 from the likes of KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. In India, GO-JEK doesn't have any services but has an engineering centre in Bangalore where it employs 60 people."Pianta's core team comes from Ola and Flipkart and their expertise in the logistics and payments s...

23Sep By reutersNo Comments

ACQUISITION

Thomson Reuters Acquired Tech Firm REDI

World's largest international multimedia news agency Thomson Reuters has agreed to acquire trading technology firm REDI Holdings, it said in a statement on Thursday. Thomson Reuters said the REDIPlus execution management system would strengthen its Eikon financial markets desktop by making it easier for institutional customers to trade seamlessly on the platform. The statement gave no details on the cost of the transaction. "Integrating REDI into Thomson Reuters solutions will enable us to transform Eikon into a world-class trading solution for the buy-side," said Michael Chin, managing director, global head of equities at Thomson Reuters. Reuters News is owned by Thomson Reuters. (Reporting by Patrick Graham; editing by Susan Fenton)

Startup Running By an Indian Secretly Bought By Intel at $300 Million (2000 Crore)

18Sep By PriyankaNo Comments

ACQUISITION

Startup Running By an Indian Secretly Bought By Intel at $300 Million (2000 Crore)

Chip design maker Intel Corp. has secretly acquired silicon valley semiconductor startup called Soft Machines Inc about $300 million (cash-cum-stock deal ) to maintain its leadership position. The news was first reported by technology website The Register. The team of Soft Machines have become part of Intel from Thursday. This new deal is on the heals of Intel shedding as part of a spinout their security unit into a new company that will be owned in-part by private equity firm TPG. Intel will retain a 49 percent ownership stake of the entity with TPG taking the majority stake. In exchange, Intel will be receiving $3.1 billion in cash. Soft Machines is a semiconductor company co-developing VISC architecture-based processor and SoC products for all major performance computing platforms a...

SHEROES Acquires Counseling and Support Platform LoveDoctor.in

16Sep By NitishNo Comments

ACQUISITION

SHEROES Acquires Counseling and Support Platform LoveDoctor.in

SHEROES.in, the career platform for women, has acquired love, relationship, and sexual health counseling platform LoveDoctor.in in an aim to broaden the type of support and community offered to over 800,000 platform members. LoveDoctor.in, a counseling service that has been operating for over 2 years via web-based chat, SMS, and WhatsApp has answered over 50,000 questions from young people aged 16-25 across the world, but with a focus on India, East Africa, and Southeast Asia. LoveDoctor.in founder and CEO Avani Parekh joins SHEROES as Director of Community and Empathy with a goal of making SHEROES a one stop shop for women around the world to build their careers, find supportive community, level up their skill sets, and explore new possibilities for their lives beyond the workday. Av...

Reliance Communications, Aircel Merge Will Create Rs 65K cr Asset Base Entity

15Sep By Press Trust of IndiaNo Comments

BUSINESS

Reliance Communications, Aircel Merge Will Create Rs 65K cr Asset Base Entity

Anil Ambani-led Reliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country's 4th-biggest mobile phone operator with asset base of more than Rs 65,000 crore. In the largest consolidation in the countrys telecom sector, RCom and Aircels majority owner, Malaysias Maxis Communications Berhad (MCB), announced signing of definitive documents for the merger of their Indian wireless businesses. RCom and Aircel will hold 50 per cent each in the new company. The board of the new company will have equal representation from the two sides. "The RCom-Aircel combination will create a strong operator clearly ranked amongst Indias top 4 telcos by customer base and revenues, also ranking amongst the top three operators by revenues ...

German Pharmaceutical and Chemical Giant Bayer Agrees to Buy Monsanto For $66 Billion

14Sep By PriyankaNo Comments

ACQUISITION

German Pharmaceutical and Chemical Giant Bayer Agrees to Buy Monsanto For $66 Billion

German pharmaceutical and chemical giant Bayer AG today announced it will acquire global seed major Monsanto for USD 66 billion in an all-cash deal. Both Bayer and Monsanto have presence in India. The deal marks a major consolidation in global seed business. Recently, Monsantos rival Syngenta was acquired by ChemChina. "Bayer and Monsanto today announced that they signed a definitive merger agreement under which Bayer will acquire Monsanto for USD 128 per share in an all-cash transaction," Bayer said in a statement. The board of the two companies have unanimously approved the agreement, it said. The offer of USD 128 per share is 44 per cent higher than the closing price of Monsantos share on May 9, the day before Bayers first written proposal to Monsanto. "USD 128 per share in a...

PayU Acquires Indian Payments Technology Citrus Pay For $130 Million

14Sep By AdityaNo Comments

ACQUISITION

PayU Acquires Indian Payments Technology Citrus Pay For $130 Million

PayU, a global online payment service provider has acquired Indian payments technology Citrus Pay for $130 million in an all-cash deal, a joint-statement said here on Wednesday. The agreement is due to close in the third quarter of 2016. The statement described $130 million transaction as the largest ever merger and acquisition cash deal in the Indian fintech sector. "Today's announcement is a significant milestone for both businesses, as well as the fintech industry in India. It is exciting for everyone across the PayU and Citrus teams as we bring together new capabilities that will help us to better serve our collective clients." said Laurent le Moal, CEO of PayU. The deal will grow PayU India customers to more than 30 million, processing a forecasted 150 million trans...

OneTrust Acquires Uk Based Data Privacy Compliance Service Optanon

14Sep By AnkitaNo Comments

ACQUISITION

OneTrust Acquires Uk Based Data Privacy Compliance Service Optanon

OneTrust, the leading software platform designed to operationalize data privacy compliance and Privacy by Design, is pleased to announce its acquisition of U.K.-based data privacy compliance service, Optanon. "The acquisition of Optanon uniquely positions OneTrust to serve the needs of enterprise customers around the world with our rapidly expanding global presence and broad solution set," said OneTrust CEO, Kabir Barday. Optanon's software-based solutions are used by organizations globally for website auditing, EU E-Privacy Cookie Compliance, and GDPR readiness. "In today's complex data privacy regulatory environment, it is critical for organizations to select a partner like Optanon with a strong commitment to global growth and a comprehensive product offering to simplify privacy pro...

QuikrServices Acquires StayGlad to Further Scale AtHomeDiva

13Sep By NitishNo Comments

ACQUISITION

QuikrServices Acquires StayGlad to Further Scale AtHomeDiva

Quikr, India’s No. 1 cross category classifieds business today announced the acquisition of StayGlad, a leading marketplace for beauty services. The strategic move will further strengthen the market leadership of its beauty service brand, AtHomeDiva, by enabling it to take on even more beauty services requests under its services vertical, QuikrServices. AtHomeDiva currently offers on-demand, in-home beauty services across six cities including Bangalore, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad. Talking about the acquisition, PD Sundar, Head of QuikrServices, said, “On-demand beauty is one of our fastest growing service categories. With well more than half of our consumers coming back to us with bigger ticket sizes, the demand is clearly very strong. As a service provider we want t...

HP to Acquire Samsungs Printer Business For $1.05 Billion

12Sep By PriyankaNo Comments

ACQUISITION

HP to Acquire Samsungs Printer Business For $1.05 Billion

IT major HP today said it will acquire Samsung Electronics printer business in a deal valued at USD 1.05 billion, a move that will allow the US-based company further consolidate its position in the USD 55 billion A3 copier industry. The acquisition will bring an intellectual property portfolio of more than 6,500 printing patents and a workforce of about 6,000 employees globally, including nearly 1,300 researchers and engineers. Samsung has key engineering centre in South Korea with operations in the US, India, China, Japan, Russia, Canada, Brazil and other countries. HP, created as part of the breakup of Hewlett-Packard Co. last year, sells personal computers. However, it gets a significant chunk of its profit from supplying ink and toner for the printers it sells. However, HPs printi...

Google to Buy Software Developer Apigee in $625 Million Deal

8Sep By reutersNo Comments

ACQUISITION

Google to Buy Software Developer Apigee in $625 Million Deal

Alphabet Inc's Google is acquiring software developer Apigee Corp in a deal valued at about $625 million, as it strengthens its cloud business. San Jose-based Apigee's software helps a company's backend services interact with mobile and web-based apps used by customers and partners. "Companies are moving beyond the traditional ways of communicating like phone calls and visits and instead are communicating programmatically through APIs (Application Programming Interface)," said Dianne Greene, who runs Google's cloud computing division. Google will pay Apigee shareholders $17.40 for each share held, a 6.5 percent premium to the stock's Wednesday close. Apigee's shares were trading above the offer price at $17.45 on Thursday morning. This is the latest from the highly regarded ente...

QuikrCars Acquires Stepni, Adds Vehicle Maintenance Services

7Sep By NitishNo Comments

ACQUISITION

QuikrCars Acquires Stepni, Adds Vehicle Maintenance Services

Online classifieds platform Quikr today said it has acquired Stepni, a platform that connects vehicle owners with neighbourhood service providers, for an undisclosed amount. The move strengthens Quikrs service offerings under QuikrCars and also opens cross-selling opportunities for QuikrServices, it said in a statement. Stepnis founders and team will join QuikrCars with immediate effect, it added. Since last year, Quikr made several acquisitions. QuikrHomes acquired Realty Exchange (IRX), Realtycompass and CommonFloor and made a strategic investment in A N Virtual Tech. Under QuikrServices, it acquired beauty services companies Salosa and Zapluk, while QuikrJobs acquired Hiree to expand into white collar jobs. Founded by Vinay Singh and Nikhil Nair in October 2015, Stepni ha...