Acquisition | Pixr8 News

Voonik Acquires Styling, Personalization App Dekkoh

3Sep By NitishNo Comments

ACQUISITION

Voonik Acquires Styling, Personalization App Dekkoh

India’s leading personalization focused fashion marketplace Voonik has announced the acquisition of Dekkoh. Over the last few months, the company has acqui-hired Zohraa, Picksilk, Styl, TrialKart and Getsy. Dekkoh was founded by Aditya Chalsani and Varun Mathew, as a fashion discovery platform that allows users to chat one-on-one with their own personal stylist and buy clothing and accessories that suit them. It connects stylist community of more than 200 stylists to consumers seeking fashion advice and also have a rule based chat bot technology. “Voonik is built around personalised fashion, to provide every customer a solution and opportunity to be fashionable every day. Personalization is what has set us miles ahead of competition. Dekkoh platform is doing the same through an engaged...

Sony Pictures Acquired TEN Sports From ZEE For $385 million

1Sep By AnkitaNo Comments

ACQUISITION

Sony Pictures Acquired TEN Sports From ZEE For $385 million

Sony Pictures Networks India (SPN) today announced that SPN and its affiliates have entered into definitive agreements to acquire TEN Sports Network from Zee Entertainment Enterprises Limited (ZEE) and its subsidiaries for 385 million U.S. dollars. Completion of the acquisition is subject to regulatory approval. The acquisition will add South Asia's leading sports network to SPN's existing portfolio of channels. The TEN Sports channels being acquired include TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket, TEN Sports that operate in several countries including the Indian sub-continent, Maldives, Singapore, Hong Kong, Middle East, Caribbean. "This is a landmark deal for ZEE and a step towards a strategic portfolio shuffle as we grow our general entertainment business both in...

Facility Management Major SBricks Acquires HomeCues.com

31Aug By PriyankaNo Comments

ACQUISITION

Facility Management Major SBricks Acquires HomeCues.com

SBricks (www.sbricks.com) is a facility management & home services start-up HomeCues (www.homecues.com) is into aggregation and providing professional household services The merger is an all-stock deal Entire business of HomeCues merges with SBricks The combined entity will be known as SBricks Castle Care Pvt Ltd acquired Hyderabad-based household services aggregation and facilitation company HomeCues (www.homecues.com). Homecues is a leading provider of facility management, home clean, laundry, repairs, and maintenance services. Announcing the merger, D Nithin Reddy, CEO of SBricks Castle Care Pvt Ltd, has said that the similarity in businesses of the two companies has provided an opportunity for the merger. The combined entity, foresees a g...

Bloomberg Acquires Barclays Risk Analytics

25Aug By AnkitaNo Comments

ACQUISITION

Bloomberg Acquires Barclays Risk Analytics

US-based Bloomberg today completed acquisition of Barclays Risk Analytics and Index Solutions Ltd for an undisclosed sum. The transaction includes the widely-used Barclays fixed income benchmark indices, Barclays Risk Analytics strategy indices, and the intellectual property of the POINT portfolio analytics solution, Bloomberg said in a statement. The benchmark indices will be co-branded Bloomberg Barclays Indices for an initial period of five years. Bloomberg will also act as the calculation agent for the Barclays quantitative investment strategy index business and Barclays strategy indices. The acquisition enables Bloomberg to incorporate sophisticated models and analytics from POINT into Bloomberg PORT and augment these with data, news, alerts, mobile capabilities and Bloomb...

Apple Acquired Health Startup Gliimpse Founded By Indian-Origin Duo

24Aug By NitishNo Comments

ACQUISITION

Apple Acquired Health Startup Gliimpse Founded By Indian-Origin Duo

IANS- Tech giant Apple has quietly acquired personal health data startup Gliimpse founded by two Indian-origin entrepreneurs. The acquisition happened earlier this year but was not publicly announced, according to media reports. An Apple spokesperson has responded, saying: "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans." Founded in 2013 by serial entrepreneur Anil Sethi and Karthik Hariharan, Gliimpse provides a secure platform where consumers can manage and share their medical records and information. Before Gliimpse, Sethi had co-founded several health startups like Xlipstream, Pinch Bio and Dakota Imaging. This acquisition will likely strengthen Apple's efforts to collect or manage health data. In 2014, it had...

Bengaluru Based Messaging Platform Nudgespot Got Acquired By Boomtrain

10Aug By PriyankaNo Comments

ACQUISITION

Bengaluru Based Messaging Platform Nudgespot Got Acquired By Boomtrain

Boomtrain, a marketing platform that uses artificial intelligence (AI) to drive relevant interactions with users at every touchpoint, today announced it has signed a definitive agreement to acquire partner, India-based Nudgespot. Nudgespot has built a best-in-class messaging platform that will integrate into Boomtrain's technology to deliver a seamless experience for businesses to communicate with customers and visitors on websites and in mobile apps. Boomtrain and Nudgespot initially partnered nine months ago, and have been co-developing a product that combines Nudgespot's platform with Boomtrain's AI technology. Terms of the acquisition were not disclosed. "The acquisition of Nudgespot will accelerate our strategy to enable AI-powered communications between bu...

Largest Deal in E-commerce: Wal-Mart Acquired Jet.com For $3 Billion

9Aug By reutersNo Comments

ACQUISITION

Largest Deal in E-commerce: Wal-Mart Acquired Jet.com For $3 Billion

Wal-Mart Stores Inc, vying to better challenge Amazon.com Inc , will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup. The deal disclosed on Monday follows a five-year e-commerce acquisition spree in which Wal-Mart, the world's biggest traditional retailer, has already bought 15 startups, seeking the talent and technology to make it a dominant player online and narrow the massive gap with market leader Amazon. Wal-Mart's online division has underperformed against Amazon, posting its slowest growth in a year in the first quarter as it struggled to gain traction with consumers, especially millennials. Jet.com was launched by internet entrepreneur Marc Lore in July 2015 and includes software that...

How Apple Backing Helped China’s Taxi Aggregator Didi Chuxing To Outrun Uber in China

4Aug By reutersNo Comments

Story

How Apple Backing Helped China’s Taxi Aggregator Didi Chuxing To Outrun Uber in China

Apple Inc's $1 billion investment in car-hailing app Didi Chuxing in May helped accelerate Uber's decision to agree a halt to a costly two-year battle with its rival in China, people close to the companies and analysts said. Didi Chuxing Technology Co and Uber Technologies Inc raised billions of dollars in funding and spent heavily on discounted rides as they slugged it out for drivers, passengers and market share in the world's second-biggest economy. Uber finally ceded this week, realizing it was no match for a cash-rich rival with the backing of three of the world's largest technology giants. It agreed to give up its independence in return for a nearly one-fifth stake in a bigger Didi. Didi raised far more money than Uber China making China the first market where Uber's strategy of...

Cognizant Acquired US-Based Idea Couture

28Jul By AnkitaNo Comments

ACQUISITION

Cognizant Acquired US-Based Idea Couture

Software services major Cognizant has acquired US-based Idea Couture for an undisclosed amount to boost its digital technologies offering. Idea Couture, which specialises in designing and prototyping products, services and business models, will become part of Cognizant Digital Works, Cognizant said in a statement. Terms of the deal were not disclosed. Cognizant Digital Works combines human insight, strategy, design, technology and industry expertise to create innovative solutions at enterprise scale. Based in Toronto, the privately-held Idea Couture has offices in the US, Europe and Latin America. It has over 170 social scientists, strategists, anthropologists, user experience experts, designers and connected product developers. Its customers include companies like Samsung, Pe...

27Jul By reutersNo Comments

Story

Revenue and Identity Crisis of Yahoo

When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The internet pioneer, not yet a teenager, had just finished the prior year with $1.9 billion in profits on $5.3 billion in revenue. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. But for one retreat exercise, everyone was asked to say what word came to mind when a company name was mentioned. They went through the list: eBay: auctions. Google: search. Intel: microprocessors. Microsoft: Windows. Then they were asked to write down their answer for Yahoo. "...

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

25Jul By NitishNo Comments

Story

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

As Verizon Communications Inc announced that it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. CEO and Head of Yahoo, Marisaa Mayer wrote an emotional letter to all search based employees. She mentioned in the blog - Today is a big day for Yahoo! This is the email that I sent to Yahoos around the world today. Given the interest around our journey to this point, I wanted to share more about today’s announcement. –Marissa. Dear Yahoos, Moments ago, we announced an agreement with Verizon to acquire Yahoo’s operating business. This culminates a rigorous, thorough process over many months, and yields a great outcome for the c...

Quikr Acquired Hiree To Step-up in Jobs Market

25Jul By NitishNo Comments

ACQUISITION

Quikr Acquired Hiree To Step-up in Jobs Market

Quikr, India’s category classifieds business has acquired Hiree, an online hiring platform focused on white collar jobs. Hiree which counts world’s largest IT companies and India’s highest valued startups in its customer list will be merged with its jobs vertical QuikrJobs and will operate out of Quikr HQ. Already a leading recruitment platform for blue, grey collar and entry-level jobs across India, the acquisition will further strengthen QuikrJobs’ offerings to address recruitment needs for the entire spectrum of job categories across industries. The combined entity will create a leading recruitment platform that connects over 4mm active candidates with recruiters across the country. The enhanced product portfolio coupled with Quikr’s pioneering missed call service will make...