Tag "M&A"

Grab acquires Bangalore-based payments startup iKaaz

By : CIOL Writers

On-demand transportation and mobile payments platform in Southeast Asia, Grab has acquired Bangalore-based payments startup iKaaz. iKaaz’ mobile payments platform and its experienced leadership team is expected to accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Launched

Instacart acquires Canada-based Unata

By : CIOL Writers

Instacart has announced the acquisition of Unata, a Toronto-based startup that specializes in making and tracking digital coupons and circulars. The company is also developing a voice-activated tool to allow customers to purchase goods online from midsize retailers using devices

Google acquires UK sound tech startup Redux

By : CIOL Writers

Google has secretly snapped up UK startup Redux, a small team focused on delivering sound and touch feedback via mobile displays, Bloomberg reports. Redux was founded in 2013 out of Cambridge, and built technology that uses vibrations to turn surfaces of phones

Accenture acquiring 3D and immersive content producer Mackevision

INDIA: Accenture has entered into an agreement to acquire Germany-based Mackevision, a global producer of 3D-enabled and immersive product content. Mackevision has earned international acclaim for its work on the HBO Series “Game of Thrones” – for which it was awarded an Emmy for

InMobi acquires mobile video ad startup AerServ for $90M

By : CIOL Writers

Mobile advertising platform InMobi has announced the acquisition of Los Angeles-based startup AerServ for $90 million. The acquisition of AerServ will help InMobi increase its monetization for publishers globally and also enhance InMobi Exchange, a premium mobile pragmatic platform. We’re excited

Polycom to acquire VoIP audio solutions company Obihai Technology

INDIA: Polycom is acquiring a San Jose-based innovator in VoIP audio solutions, Obihai Technology. The pending agreement demonstrates Polycom’s focus on expanding the availability of high-quality Polycom desktop phones to a broader range of customers and partners. The planned move

Verizon acquires Niddel to boost threat detection capabilities

By : CIOL Writers

Verizon has acquired privately-held company Niddel to boost its security detection and response mechanism for enterprise customers. Terms of the transaction were not announced. Niddel offers machine-learning-based automated threat hunting and its advanced technology and services will soon be integrated into, and

Microsoft acquires Avere System to boost its hybrid cloud strategy

By : CIOL Writers

Microsoft announced the acquisition of Avere Systems for an undisclosed amount in order to further boost its hybrid cloud mission. Avere provides NFS and SMB file storage for Windows and Linux clients running in the cloud, hybrid and on-premises environments. “Our

Mapbox acquires team behind Mapzen’s Valhalla project to boost navigation toolkits

By : CIOL Writers

SoftBank-backed Mapbox that competes with Google Maps, TomTom and Here, has acquired team behind Mapzen’s Valhalla project in a bid to strengthen its navigation toolkits. On January 2, the mapping platform Mapzen announced that they were shutting down. Mapzen made open mapping more viable for developers. Their tools cover the

Didi Chuxing acquires 99 in Brazil to expand in Latin America

By : CIOL Writers

China’s Didi Chuxing has agreed to acquire control of Brazil’s 99, the companies said in a statement on Wednesday. Terms of the deal were not disclosed but according to Reuters (citing a report in Valor Economico, a leading financial newspaper in Brazil), the deal values 99

Apple acquires app development startup Buddybuild

By : CIOL Writers

Apple has acquired Vancouver-based app tools startup, Buddybuild that describes itself as “mobile iteration platform” focused on continuous integration, continuous deployment, and user feedback platform for development teams.”  The acquisition was first revealed in a Buddybuild blog post. The entire Buddybuild team will be

Sheroes acquires Delhi-based child healthcare startup Babygogo

By : CIOL Writers

In a bid to deepen its presence among the female population in the country, women-focused career platform- Sheroes has acquired Delhi-based child healthcare startup Babygogo. “Babygogo has some of the best engagement numbers and a high empathy community. It has also demonstrated

Uber to sell its auto leasing business to Fair.com

By : CIOL Writers

World’s largest ride-hailing firm Uber is selling its auto leasing business Xchange Leasing to automotive Fintech company Fair.com for an undisclosed amount. The news was first reported by Wall Street Journal, citing people familiar with the matter. Xchange Leasing, which partners

Amazon acquires smart-home startup Blink

By : CIOL Writers

Amazon has acquired Blink, a startup that makes wireless home security cameras. Blink announced on its website that nothing will change for its customers at the moment. However, they will continue to operate under Amazon umbrella selling. The financial details

Daimler acquires majority stake in France based Chauffeur Prive

By : CIOL Writers

German carmaker Daimler said that Daimler Mobility Services has acquired a majority stake in France based Chauffeur Prive, a French app that provides that provides ride-hailing services similar to Uber. According to the report in Tech.eu the automaker also intends to complete

Quikr acquires HDFC Developers & HDFC Realty to focus on real estate buying services

By : CIOL Writers

Online classifieds platform Quikr has entered into an agreement with Housing Development Finance Corporation (HDFC) under which Quikr will be acquiring two of HDFC’s subsidiaries HDFC Developers and HDFC Realty for a total of $54.8 million (Rs 350 crore). Renu

Ola acquires Foodpanda India; invests $200M

By : CIOL Writers

Cab aggregator Ola will acquire Foodpanda India from Germany based online food ordering and delivery marketplace Delivery Hero in an all-stock deal that will see the ride-hailing firm invest $200 million into Foodpanda. While the companies did not disclose the details

Alphabet X sells wireless internet tech to Andhra Pradesh

By : CIOL Writers

Alphabet X’s research team announced that the Andhra Pradesh state government would buy its fully developed new technology, as reported by Reuters. The Free Space Optical Communications (FSOC) technology has potential to provide high-speed wireless internet to the rural areas

eBay acquires e-commerce analytics platform Terapeak

By : CIOL Writers

eBay is acquiring Terapeak, a Toronto-based startup that leverages data around supply, demand, and pricing in order to arm merchants with the information to sell their goods. Terms of the deal weren’t disclosed. Founded in 2002, Terapeak’s cloud-based data platform lets sellers track supply, demand

Swiggy acqui-hires 48East to strengthen new supply business

By : CIOL Writers

Food ordering and delivery platform Swiggy has acqui-hired Bangalore-based gourmet Asian food start-up 48East to strengthen its new supply business. Under the deal, 48East founders Joseph Cherian and Nabhojit Ghosh will join Swiggy to build the new supply business with Cherian