Tag "M&A"

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

Lyft acquires Q&A startup FinitePath to improve its services

By : CIOL Writers

In a bid to improve its large-scale infrastructure and services, Lyft has acquired FinitePath for an undisclosed amount. With this acquisition, FinitePath is shutting down. Startup’s iOS and Android app Trail Answers too will be shutting down in the next

Vodafone India & Idea Cellular heading to be the largest telco of India after merger

By : CIOL Writers

Finally, the speculations have come to an end. Vodafone India and Idea Cellular have officially announced the merger, becoming the largest telecom operator in the country. Vodafone India and Idea Cellular are joining hands to give a stiff competition to

IT services firm eZest Solutions acquires SmarterMe

By : CIOL Writers

Detroit-based IT services firm e-Zest Solutions has acquired SmarterMe, a machine learning powered personal sales assistant for an all cash deal. Devendra Deshmukh, CEO, eZest Solutions said, “SmarterMe is a strategic fit as it aligns perfectly with e-Zest’s mission 2020

Pinterest acquires human-powered search engine Jelly

By : CIOL Writers

After acquiring Instapaper, Pinterest has acquired Jelly Industries, maker of the question-and-answer app Jelly. Jelly, founded in 2014 by Twitter co-founder Biz Stone and Ben Finkel allows users to ask questions and then uses an algorithm – human-powered search engine

AWS has acquired meeting productivity startup Do to boost Chime

By : CIOL Writers

Amazon’s new communications suite for businesses may only be a month old, but Amazon is already devising ways to enhance the product that it offers through Amazon Web Services (AWS). The company has acquired Do.com, a startup that specialises in making meetings more productive with services

HPE to acquire Nimble Storage for $1.2bn to strengthen flash storage portfolio for hybrid IT

USA: Hewlett Packard Enterprise (HPE) has entered into a definitive agreement to acquire Nimble Storage for $1.2 billion. Nimble was founded in 2007 and has approximately 1,300 employees worldwide. Nimble’s strong application performance in its entry to midrange flash storage

Google is acquiring data science platform Kaggle

By : CIOL Writers

In a bid to further boost its machine learning capabilities, Google is acquiring Kaggle, a platform that hosts competitions for researchers and data scientists, reports TechCrunch. Though at the moment, there are little details available about the acquisition but Google is expected to

AWS acquires media rendering solution company Thinkbox

By : CIOL Writers

Amazon Web Services, a public cloud infrastructure provider, has acquired Thinkbox Software, a company that offers software for managing media rendering workloads. Financial terms of the acquisition weren’t disclosed, and Amazon is yet to comment on the acquisition. Thinkbox, founded

Healthcare startup CureFit acquires online food delivery platform Kristys Kitchen

By : CIOL Writers

Healthcare platform CureFit has acquired Bangalore-based premium online food delivery startup Kristys Kitchen in a cash and equity deal, for an undisclosed amount. Launched in September 2016 by Cristina Maiorescu, Sumit Sinha and Cedric Carvalho, Kristys Kitchen is a full-stack

Udacity acquires CloudLabs to enable collaborative programming for students

By : CIOL Writers

Marking its first ever acquisition, online education platform Udacity has acquired CloudLabs, a small five-person firm building interactive coding environments that let groups collaboratively code from within their browsers. Interestingly, Cloud Labs also creates platforms where others can come up with interactive computer programming courses. For instance,

Airbnb to buy social payments startup Tilt

By : CIOL Writers

In a bid to become one-stop destination for all the travel related services, Airbnb is acquiring social payments platform Tilt. Apparently, the two companies had been discussing the acquisition for over a month but it has now been confirmed by

Apple reportedly acquires facial recognition startup RealFace

By : CIOL Writers

In a bid to take its security and Artificial Intelligence services a notch higher, Apple reportedly has acquired Israeli cyber security firm RealFace that specialises in facial recognition technology. The Times of Israel reported on Sunday that the startup, founded

SoftBank is acquiring Fortress Investment Group for $3.3bn

By : CIOL Writers

In a bid to broaden its business strategy, and its portfolio of investments, Japan’s SoftBank has announced that it is buying asset manager, the Fortress Investment Group for $3.3 billion in cash. The investment group has significant holdings in Lyft,

Airbnb in talks to acquire Montreal-based Luxury Retreats

By : CIOL Writers

Airbnb is planning to move upmarket by buying Montreal-based Luxury Retreats International Inc., according to a TechCrunch report. Citing people in the know of the things, the report said that though the terms of the deal haven’t been finalized as

Hootsuite acquires social media ads manager AdEspresso

By : CIOL Writers

After relaunching Hootsuite Ads, the social media management company Hootsuite has acquired AdEspresso. The financial details of the acquisition are yet to be disclosed. Founded in 2013, AdEspresso offers users a set of tools to create, A-B test, and post advertisements

LogMeIn completes merger with Citrix’s GoTo business

BANGALORE, INDIA: LogMeIn has completed its merger with Citrix Systems‘ GetGo, a wholly owned subsidiary consisting of Citrix’s GoTo family of service offerings. The transaction is valued at approximately $1.8 billion. The combination brings together two innovators with a shared belief in simplifying the way people connect to customers, colleagues

Woo acquires Los Angeles-based dating app DUS to bridge the Indian diaspora

By : CIOL Writers

Dating app Woo has acquired DUS, a Los Angeles-based dating application focused on the South Asian community to connect Indians all over the world. The move will increase Woo’s foothold in one of the largest markets for the online dating