Tag "M&A"

Adobe acquires Mettle’s SkyBox tools to beef up its VR portfolio

By : CIOL Writers

In a bid to strengthen its VR portfolio, Adobe has acquired all of Mettle‘s SkyBox technologies and plug-ins for building transitions, titles and effects in VR applications and 360-degree videos. As part of the deal, Mettle developer and co-founder Chris Bobotis

Dassault Systèmes buys majority stake in Outscale to bring more agility onto 3DEXPERIENCE platform

FRANCE: Dassault Systèmes has acquired a majority stake in enterprise-class cloud services provider, Outscale, strengthening its position as one of the fastest growing cloud companies in the world that is helping industry innovators to digitally transform their business. Dassault Systèmes

Amazon reportedly in talks to buy Big Basket

By : CIOL Writers

Jeff Bezos-led Amazon may acquire the hyperlocal delivery service Big Basket to get an upper hand in the market, according to a Bloomberg report. The discussions are at an early stage and may or may not lead to a sale,

Softbank is buying Boston Dynamics and Schaft from Alphabet

By : CIOL Writers

Japanese Internet major has announced that it is acquiring two robotics companies from Alphabet namely Big Dog developer Boston Dynamics and the secretive bipedal robotics firm Schaft to add to its artificial intelligence portfolio. “Smart robotics are going to be a key driver of

WeWork acquires construction tech company FieldLens

By : CIOL Writers

New York-based co-working company, WeWork has acquired the project management application FieldLens, which it will incorporate into its product and construction team. The terms of the deal have not been disclosed. In a blog post, WeWork’s chief product officer David Fano noted that FieldLens

Realty review platform Roofpik acquires product discovery startup Shoppist

By : CIOL Writers

Real estate property and broker review platform, Roofpik has acquired Shoppist that offers personalized product discovery for an undisclosed amount, the company said in a statement. The acquisition aims to strengthen Roofpik’s core team and bring personalized property recommendations to its users. Shoppist’s natural

Snap acquires location-tracking startup Placed

By : CIOL Writers

Snapchat parent Snap has acquired Seattle-based Placed, a startup that operates a consumer location analytics platform. Though the terms of the deal were not disclosed in the Monday announcement, Geekwire reported that it was worth up to about $200 million, which would make it Snap’s

Happiest Minds acquires US-based OSSCube to push digital transformation

By : CIOL Writers

Bangalore-based Happiest Minds Technologies has announced the acquisition of OSSCube, a US-based digital transformation company. This acquisition will expand the company’s portfolio of transformative offerings in the consulting-led digital space, especially around open source platforms. It will also significantly strengthen the company’s

Red Hat acquiring agile and cloud-native development tools provider, Codenvy

USA: Red Hat is set to acquire Codenvy, a provider of cloud-native development tools that enable developers to more easily create modern container-based and cloud-native applications. Historically, software engineers have spent more time each week on administration and other tasks,

Microsoft to acquire cyber security firm Hexadite for $100mn: Report

By : CIOL Writers

Microsoft is acquiring Israeli cyber security startup Hexadite for $100 million, the Hebrew language website Calcalist reported on Wednesday. Microsoft’s new purchase comes on the heels of global wreck courtesy WannaCry ransomware affecting more than 300,000 windows computers in 150 countries since it surfaced

Digital lending platform FlexiLoans acquires Mumbai-based CreditPeriod.com

By : CIOL Writers

In a bid to strengthen its supply chain financial vertical, digital lending platform FlexiLoans has acquired Mumbai-based CreditPeriod.com. Though the financial details haven’t been disclosed, as a part of the deal, the co-founder of CreditPeriod.com, Venkatesh Viswanathan will be joining the

Spotify acquires music AI startup Niland

By : CIOL Writers

Spotify has acquired an artificial intelligence-based music startup called Niland to help improve its personalization and recommendation features for users. “Niland has changed the game for how AI technology can optimise music search and recommendation capabilities and shares Spotify’s passion for surfacing

VMware acquires app analytics startup Apteligent

By : CIOL Writers

VMware has acquired app analytics startup Apteligent, that provides mobile app performance and analytics data to customers in real time. Terms of the deal were not disclosed. “Apteligent adds to VMware’s portfolio of management and monitoring technologies and will offer customers end-to-end

Apple acquires ‘dark data’ AI company Lattice Data for $200mn

By : CIOL Writers

Apple has acquired Lattice Data, a company that uses AI enabled reference engine to turn unstructured “dark data” into structured data, reports TechCrunch. The deal reportedly cost the Cupertino giant somewhere around $200 million, closing a few weeks ago, with nearly 20 engineers from Lattice

Flipkart reportedly makes an offer of $1bn to acquire Snapdeal

By : CIOL Writers

While SoftBank and other key shareholders continue to negotiate the terms of the deal, Flipkart has in the meanwhile made an informal offer of $1 billion to buy Snapdeal in an all-stock deal, reports Livemint. Flipkart’s offer is a non-binding one and

Verizon outbids AT&T to acquire Straight Path Communications for $3.1bn

By : CIOL Writers

With AT&T and Verizon at the centre of a bidding war, the battle for 5G wireless spectrum has officially begun. And as for the first round, Verizon reportedly has won it. According to a Wall Street Journal report, Verizon Communications

Paytm reportedly to buy FreeCharge at 80pc discount

By : CIOL Writers

Snapdeal may have finally found a buyer for its payments solution arm, FreeCharge. Paytm has signed a ‘non-exclusive agreement’ to acquire FreeCharge in an all-cash deal, reports Economic Times. Citing people in the know of the things, the report said that Alibaba-backed

Google places its bet on the most successful VR game studios, Owlchemy Labs

By : CIOL Writers

Google now backs one of the most successful VR game studios, Owlchemy Labs. Yes, Google has acquired the game studios that is best known for developing popular HTC Vive launch game Job Simulator and Rick and Morty: Virtual Rick-ality. In

Apple acquires sleep tracking firm Beddit

By : CIOL Writers

Apple has acquired sleep tracking hardware and software company, Beddit for an undisclosed amount. Though the specifics of the details aren’t out as yet, Beddit has updated the privacy policy on its website to announce the acquisition and note of a privacy policy

Cisco to buy SD-WAN startup Viptela for $610mn

By : CIOL Writers

Cisco has announced that it is acquiring Viptela, a privately held software-defined wide area network (SD-WAN) company based in San Jose in a deal worth $610 million. Founded in 2012 by former Cisco engineers Amir Khan and Khalid Raza, Viptela has