Tag "M&A"

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

ComfortDelGro to acquire 51pc stake in Uber’s Singapore business

By : CIOL Writers

Singapore’s largest taxi company ComfortDelGro has announced that they have entered into a strategic agreement to acquire a 51 percent majority stake in Uber’s local rental business units, Lion City Rentals. Uber will retain the remaining 49 percent. The deal would

Apple said to be buying music recognition app Shazam

By : CIOL Writers

Apple is in talks to acquire Shazam Entertainment, the app which helps users recognize songs by pointing their device towards an audio source. The news first reported by TechCrunch said that Apple could be paying $400 million for Shazam and the

Apple acquires podcast search startup Pop Up Archive

By : CIOL Writers

Apple announced the acquisition of Pop Up Archive an Oakland based online platform focussed on building tools to transcribe, organize and search audio files. The news first reported by Neiman Lab says that Pop Up Archive ended its Audiosear.ch product

Mapbox acquires AR activity tracking app Fitness AR

By : CIOL Writers

Open-source mapping platform Mapbox has acquired activity tracking app Fitness AR. Mapbox will continue to deliver updates to the app, which has since gone free in the App Store. Launched this past September, Fitness AR was the first mapping AR app, allowing Strava users

Dropbox acquires publishing platform Verst

By : CIOL Writers

Dropbox has acquired New York-based publishing platform Verst that helped web publishers and creators make money through features like paywalls. Notably, the acquisition only includes the Verst team, not its assets or intellectual property. Verst’s service will be shutting down on

Samsung buys AI startup Fluenty to improve Bixby

By : CIOL Writers

Samsung has bought South Korean AI startup Fluenty aimed at bolstering its virtual assistant Bixby. The acquisition was first noted by The Korea Herald. Fluenty that specializes in conversational artificial intelligence (AI) was founded by former search giant Naver and Daum developers and