Tag "M&A"

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

HCL Technologies to acquire US-based mortgage BPO provider Urban Fulfillment Services

HCL Technologies (HCL) is acquiring US-based mortgage business process and fulfilment services provider, Urban Fulfillment Services (UFS). HCL will be acquiring 100 per cent stake in UFS. The total cash consideration for this transaction is up to $30 million, including

Snap acquires Mobli’s ‘Geofilters’ patent for $7.7 million

By : CIOL Writers

Snapchat’s parent company, Snap has reportedly acquired Mobli’s ‘Geofilters’ patent for $7.7 million. Mobli is photo-sharing network, which also happens to be Instagram’s rival. Citing sources and a confidential email sent by Mobli, to its shareholders, TechCrunch report says that

Oracle acquires digital measurement company Moat

By : CIOL Writers

Oracle has announced the acquisition of digital measurement company, Moat better known for its role as an independent third party hired to measure ads across platforms like Facebook, Google’s YouTube and Snapchat. Founded in 2010, Moat helps advertisers and publishers measure whether people

Microsoft boosts openness of Azure cloud by acquiring container platform Deis

By : CIOL Writers

Microsoft has acquired Deis, a company which provides some of the most premium tools that can be utilized for building and managing container based applications. Deis provides a number tools that are essential for building and managing applications on Google’s Kubernetes container service. The

Accenture acquires UK-based automation service provider Genfour

Accenture has acquired UK-based Genfour, a pure play automation service provider with deep domain expertise and industry experience in assessing, implementing and managing automation solutions. Terms of the transaction were not disclosed. Founded in 2012, Genfour has been serving clients across multiple

Uber’s rival Grab to acquire Indonesian payment startup Kudo

By : CIOL Writers

Uber’s arch rival in Southeast Asia, Grab is acquiring  Indonesian online payment startup, Kudo, to bolster its mobile payments platform. Though neither party has disclosed the value of the deal, Reuters in February reported Grab’s plan to buy Kudo for over

Amazon acquires Middle-East e-commerce giant Souq.com

By : CIOL Writers

Amazon has agreed to buy Middle-East’s biggest e-commerce platform, Souq.com. The acquisition had been making a lot of rumours in the past week, but Amazon has now officially confirmed the deal without disclosing its value. SOUQ.com, that is often referred to as the Amazon of

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, according to a Factordaily report. Earlier this week, Bloomberg reported that Flipkart had raised $1 billion and further aimed to

Gurgaon-based Appworks acquires software development startup BigDrop

By : CIOL Writers

In a bid to enhance its capabilities in services, products and digital marketing, IT servicing and consulting company Appworks has acquired BigDrop, a custom software development startup. The financial details of the acquisition are yet to be disclosed. Gurgaon-based BigDrop,

Apple acquires automation app Workflow

By : CIOL Writers

Apple has acquired popular automation app Workflow for an undisclosed sum, reports TechCrunch. Workflow is an iOS app that makes it possible for people to build custom actions involving multiple apps. Some of the examples of tasks for which Workflow can be