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TeamLease Acquire 30% Stake in Freshersworld.com

30May By PriyankaNo Comments

ACQUISITION

TeamLease Acquire 30% Stake in Freshersworld.com

Staffing services firm TeamLease Services will acquire 30 per cent stake in job portal Freshersworld.com at an enterprise valuation of Rs 18 crore, a move that will accelerate its hiring strategy. "Freshersworlds enterprise valuation is Rs 18 crore and we have taken 30 per cent stake towards that valuation and the acquisition of further stake in Freshersworld or complete exit is linked to future performance and key product milestones over the next three-year period," TeamLease Services executive vice-president Rituparna Chakraborty said. Generally, enterprise value is a measure of a companys value. The deal is structured as an all-cash tender financed with the existing cash reserves of TeamLease, a company release said, adding the transaction is subject to regulatory approvals and is...

Facebook Officialy Introduces New Tool For Enterprises – Workplace

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Google names VMware co-founder Diane Greene to lead cloud push

Reuters | 20 November 2015, 6:29 PM IST Google Inc, a unit of Alphabet Inc, said it appointed VMware Inc co-founder and industry veteran Diane Greene to run its cloud business, as CEO Sundar Pichai pushes ahead with efforts to gain share in the fast-growing market. Pichai has made selling cloud storage space to enterprises a growing priority for the company to take on rivals Amazon.com Inc and Microsoft Corp. "Every business in the world is going to run on cloud eventually," Pichai said on a post-earnings call in October. Amazon's cloud business is now its fastest-growing business, while Microsoft is banking on cloud computing to make up for slowing sales of personal computers. Greene, a Google director for three years, will lead a new team combining the compan...