Tag "M&A"

Google acquires AI image processing startup AIMatter

By : CIOL Writers

Google has acquired AIMatter, a startup that uses AI to help detect and process images on mobile devices. Belarus-based AIMatter confirmed the news in a short post on the company’s website on Wednesday. AIMatter is the startup behind Fabby, a mobile application which uses

Microsoft acquires cloud startup Cycle Computing

By : CIOL Writers

Microsoft has acquired Cycle Computing, a twelve-year-old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. Without disclosing the financial details of the transaction, the company said it plans to

Hike acquires Bangalore-based hardware startup Creo

By : CIOL Writers

Homegrown messaging and social media technology company Hike has acquired Creo, a Bangalore-based startup that has in the past released smartphones, media streaming dongles, and an operating system. Hike announced the acquisition in a short statement without disclosing the price of the

WeWork acquires Israeli startup Unomy to bolster its enterprise gross sales efforts

By : CIOL Writers

Global co-working giant, WeWork has acquired Israeli startup Unomy to enable its staff to boost WeWork’s sales by enhancing data collection and providing lists of and leads to potential customers, reports TechCrunch. Unomy, a sales and marketing platform is designed to help

PayPal is acquiring Swift Financial to expand lending business

By : CIOL Writers

Payments firm, PayPal is acquiring online lending company Swift Financial aimed at expanding its business that provides working capital to merchants. Financial terms of the deal were not disclosed. PayPal said the acquisition is to increase small business owners access

Lyft acqui-hires DataScore and YesGraph to boost growth

By : CIOL Writers

Ride hailing company Lyft announced that it has acqui-hired DataScore and YesGraph to ‘help propel growth, attract more passengers and drivers, and help drivers earn more.’ About 25 people from both the companies will join Lyft. As part of the deal, Lyft will

Netflix acquires comic book publisher Millarworld

By : CIOL Writers

Netflix has made its first ever acquisition by purchasing comic book company Millarworld for an undisclosed amount. Two of Millarworld’s best-known comics, “Kingsman” and “Kick-Ass” are not included in this deal. Mark Millar, a Scottish writer, and former Marvel employee

Sheroes acquires online career restart platform, Women Restart

By : CIOL Writers

Women-oriented career platform Sheroes has acquired Bangalore-based online career restart platform, Women Restart, aimed at strengthening its presence in Bangalore. As part of the deal, Women Restart founder and CEO Sheetal Arora will join Sheroes as director of research and resources. “The

Infosys acquiring digital innovation and CX studio, Brilliant Basics

LONDON, UK: Infosys announced a definitive agreement to acquire Brilliant Basics, a London-based product design and customer experience (CX) innovator known for its design thinking-led approach and experience in executing global programs. With Infosys Digital Studios spanning the globe –

Concentrix looks to expands digital services with Tigerspike acquisition

NEW DELHI, INDIA: Business services provider, Concentrix announced the close of its recently announced acquisition of Tigerspike. Tigerspike is a digital products and strategy company founded in 2003 and has a suite of digital competencies (strategy, experience design, platform and

Chip design startup Invecas acquires Lattice’s design team, lab assets

By : CIOL Writers

Invecas, the US-based silicon proven IP Solutions and ASIC Design Services provider optimized for advanced process technologies, embedded software and system-level solutions, has announced that it is acquiring Lattice Semiconductor’s HDMI design team and Simplay Labs subsidiary, which oversees standards compliance and

Amazon acquires GameSparks to boost its gaming portfolio: Report

By : CIOL Writers

Though Amazon did not make any public announcement in its Q2 earnings report, the company, in the last quarter may have quietly acquired a company called GameSparks, a “backend as a service” for game developers, according to TechCrunch. Citing documents from deal analytics firm PitchBook,

Yatra acquires corporate travel service provider Air Travel Bureau

By : CIOL Writers

Gurgaon based online travel agency and search engine, Yatra.com has acquired corporate travel service provider Air Travel Bureau(ATB) for an undisclosed amount. As a part of the deal, Yatra will be taking over all of the ATB’s debts and shares.

Freshworks acquires chatbot startup Joe Hukum

By : CIOL Writers

Freshworks, formerly known as Freshdesk has acquired Joe Hukum, a platform that helps businesses build their own chatbots, the company announced on Thursday. The terms of the deal have not been disclosed. Joe Hukum was founded in July 2015 by Arihant

Samsung acquires Greek text-to-speech startup Innoetics

By : CIOL Writers

With Bixby still awaiting a public release nearly four months after Samsung’s Galaxy S8 and S8 Plus initial launch, the AI-powered voice assistant that had wowed almost everyone at the launch is becoming a liability for the company. But looks like, South Korean giant

Google acquires four month old Bangalore based AI startup Halli Labs

By : CIOL Writers

Google has acquired Bangalore-based Halli Labs that’s barely four months old and specializes in Artificial Intelligence, Machine Learning, and Neuro-Linguistic Programming. Halli Labs announced the acquisition late Wednesday.“We will be joining Google’s Next Billion Users team to help get more technology

Byju’s acquires Pearson’s TutorVista, Edurite for global expansion

By : CIOL Writers

Ed-tech startup Byju’s has acquired TutorVista and Edurite from British media and publishing group Pearson for an undisclosed amount. The acquisition will help Byju’s in its planned international expansion and enhance its product portfolio, the company said in a statement. “This partnership will enhance

Microsoft is acquiring Israeli cloud startup Cloudyn

By : CIOL Writers

Microsoft has confirmed that it is acquiring Israeli cloud monitoring and analytics startup Cloudyn. The deal is thought to be worth between $50 million and $70 million, according to a report back in April from local Israeli business publication, Calcalist. In a company blog

Apple acquires eye tracking company SensoMotoric Instruments

By : CIOL Writers

Adding more arsenal to its augmented reality efforts, Apple has acquired SensoMotoric Instruments (SMI), an eye-tracking firm, MacRumors reports. Though the terms of the deal haven’t been disclosed, the acquisition clearly hints at where Apple is headed in terms of AR.

Tata acqui-hires GrocerMax to make foray into online grocery business

By : CIOL Writers

Tata Group is all set to make a foray into the online grocery business with the acquisition of the management team and technology infrastructure of Gurgaon-based GrocerMax, according to a report in The Economic Times. The new team aims to take