Tag "M&A"

Pegasystems acquires robotic automation co. OpenSpan

USA: Pegasystems has acquired robotic process automation (RPA) and workforce analytics software provider OpenSpan. OpenSpan provides advanced robotic automation and workforce analytics capabilities that complement and enhance Pegasystems’ Customer Relationship Management (CRM) application suite and Business Process Management (BPM) platform.

Will Mphasis be another Blackstone successful exit story in 5 years time?

Thomas George Private Equity major Blackstone Capital Partners along with Marble II Pte. Ltd and Marble I Pte. Ltd has signed an agreement with Hewlett Packard Enterprise (HPE) to buy 50 odd percent of its stake in Mphasis along with

Why HCL Tech is acquiring Geometric Software for $192 million?

Thomas George HCL Technologies has made an announcement to acquire Geometric Software through a share swap deal in 10:43 ratio; making HCL Tech 10 share for every 43 shares of Geometric Software shares. However, this deal excludes Geometric’s 58% stake

Paytm acquires personal assistant app, Shifu

BANGALORE, INDIA: Paytm has acquired consumer behaviour prediction and recommendation platform, Shifu reportedly for $8 million. Shifu is a context-aware personal assistant app owned by Delhi-based The Signals. It is founded by Prashant Singh, Deepansh Jain and Michael Massey. The

RCOM and Aircel in merger talks: Why it makes sense?

MUMBAI, INDIA: Reliance Communications is into a non-binding but exclusive talks for a potential merger of its wireless business with rival Aircel, said the company. It has entered into a 90-day exclusivity period with the shareholders of Aircel- Maxis Communications

Dell to acquire EMC in a record $67bn deal

BANGALORE, INDIA: Dell has inked perhaps the largest deal in the tech history so far, as the privately run PC vendor has agreed to acquire data storage vendor EMC for approximately $67bn. EMC shareholders would receive a total combined consideration

CA extends security portfolio with new acquisition

BANGALORE, INDIA: CA Technologies has signed a definitive agreement to acquire Xceedium, a provider of privileged identity management solutions that protect on-premise, cloud and hybrid IT environments. Xceedium, headquartered in Herndon, Va., was founded in 2000 and has offices in

CDI acquires talent acquisition soln. startup, ScaleneWorks

BANGALORE, INDIA: CDI Corp. to acquire ScaleneWorks People Solutions LLP, a player in talent acquisition solutions in India for an undisclosed amount. CDI is a US based, USD 1.5 Billion organization which has acquired ScaleneWorks People Solutions LLP, a 5

Sonata ups the mobility play with Halosys acquisition

BANGALORE, INDIA: Sonata Software has signed a definitive agreement to acquire California based enterprise mobility enablement technology provider, Halosys. Sonata sees the Halosys acquisition as a key piece in providing an end to end mobile solutions to customers. Halosys provides

BPO service provider, Karvy acquires a portion of Mphasis’ domestic biz

BANGALORE, INDIA: Mphasis signed a definitive agreement to transfer a portion of its domestic business to Karvy Data Management Services Limited (KDMSL) – a provider of business and knowledge process services in India. With this current agreement, over 2000 employees would be transferred

Hinduja Global acquires Mphasis’ India BPO biz for Rs.17cr

BANGALORE, INDIA: Mphasis has signed a definitive agreement to transfer a significant portion of its domestic business, subject to regulatory approvals, to Hinduja Global Solutions (HGS). The business had revenues of about Rs. 140-160 crore and has now been sold

Uber acquires part of Microsoft’s mapping tech, to absorb its 100 employees

BANGALORE, INDIA: Uber is getting serious about building its own mapping tech. The ride service provider, Uber reportedly has acquired some of the mapping technology from Microsoft. The deal size has not been disclosed so far, but it reportedly involves

mGage acquires Bangalore based mobile messaging company, Unicel Technologies

BANGALORE, INDIA: The mobile multi-channel messaging company mGage has acquired Unicel Technologies, a Bangalore, India based mobile messaging company.  Unicel is an integrated cloud communications solutions provider across SMS, Voice, USSD and e-mail platforms in India. mGage now becomes the dominant

Amdocs to acquire Comverse BSS assets for USD 272mn

NEW DELHI, INDIA: Amdocs to acquire a substantial majority of Comverse’s business support systems (BSS) business unit assets for approximately $272 million in cash. The Boards of Directors of Comverse and Amdocs have approved the transaction which, subject to the

Capgemini strengthens North America biz with IGate acquisition

BANGALORE, INDIA: The French IT services company, Capgemini announces plans to buy IGate Corp for $4 billion cash. The acquisition will strengthen its businesses in application and infrastructure services as well as business process outsourcing and engineering services. IGate, an