Tag "M&A"

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

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