Tag "M&A"

Amazon acquires GameSparks to boost its gaming portfolio: Report

By : CIOL Writers

Though Amazon did not make any public announcement in its Q2 earnings report, the company, in the last quarter may have quietly acquired a company called GameSparks, a “backend as a service” for game developers, according to TechCrunch. Citing documents from deal analytics firm PitchBook,

Yatra acquires corporate travel service provider Air Travel Bureau

By : CIOL Writers

Gurgaon based online travel agency and search engine, Yatra.com has acquired corporate travel service provider Air Travel Bureau(ATB) for an undisclosed amount. As a part of the deal, Yatra will be taking over all of the ATB’s debts and shares.

Freshworks acquires chatbot startup Joe Hukum

By : CIOL Writers

Freshworks, formerly known as Freshdesk has acquired Joe Hukum, a platform that helps businesses build their own chatbots, the company announced on Thursday. The terms of the deal have not been disclosed. Joe Hukum was founded in July 2015 by Arihant

Samsung acquires Greek text-to-speech startup Innoetics

By : CIOL Writers

With Bixby still awaiting a public release nearly four months after Samsung’s Galaxy S8 and S8 Plus initial launch, the AI-powered voice assistant that had wowed almost everyone at the launch is becoming a liability for the company. But looks like, South Korean giant

Google acquires four month old Bangalore based AI startup Halli Labs

By : CIOL Writers

Google has acquired Bangalore-based Halli Labs that’s barely four months old and specializes in Artificial Intelligence, Machine Learning, and Neuro-Linguistic Programming. Halli Labs announced the acquisition late Wednesday.“We will be joining Google’s Next Billion Users team to help get more technology

Byju’s acquires Pearson’s TutorVista, Edurite for global expansion

By : CIOL Writers

Ed-tech startup Byju’s has acquired TutorVista and Edurite from British media and publishing group Pearson for an undisclosed amount. The acquisition will help Byju’s in its planned international expansion and enhance its product portfolio, the company said in a statement. “This partnership will enhance

Microsoft is acquiring Israeli cloud startup Cloudyn

By : CIOL Writers

Microsoft has confirmed that it is acquiring Israeli cloud monitoring and analytics startup Cloudyn. The deal is thought to be worth between $50 million and $70 million, according to a report back in April from local Israeli business publication, Calcalist. In a company blog

Apple acquires eye tracking company SensoMotoric Instruments

By : CIOL Writers

Adding more arsenal to its augmented reality efforts, Apple has acquired SensoMotoric Instruments (SMI), an eye-tracking firm, MacRumors reports. Though the terms of the deal haven’t been disclosed, the acquisition clearly hints at where Apple is headed in terms of AR.

Tata acqui-hires GrocerMax to make foray into online grocery business

By : CIOL Writers

Tata Group is all set to make a foray into the online grocery business with the acquisition of the management team and technology infrastructure of Gurgaon-based GrocerMax, according to a report in The Economic Times. The new team aims to take

Adobe acquires Mettle’s SkyBox tools to beef up its VR portfolio

By : CIOL Writers

In a bid to strengthen its VR portfolio, Adobe has acquired all of Mettle‘s SkyBox technologies and plug-ins for building transitions, titles and effects in VR applications and 360-degree videos. As part of the deal, Mettle developer and co-founder Chris Bobotis

Dassault Systèmes buys majority stake in Outscale to bring more agility onto 3DEXPERIENCE platform

FRANCE: Dassault Systèmes has acquired a majority stake in enterprise-class cloud services provider, Outscale, strengthening its position as one of the fastest growing cloud companies in the world that is helping industry innovators to digitally transform their business. Dassault Systèmes

Amazon reportedly in talks to buy Big Basket

By : CIOL Writers

Jeff Bezos-led Amazon may acquire the hyperlocal delivery service Big Basket to get an upper hand in the market, according to a Bloomberg report. The discussions are at an early stage and may or may not lead to a sale,

SoftBank is buying Boston Dynamics and Schaft from Alphabet

By : CIOL Writers

Japanese Internet major, SoftBank has announced that it is acquiring two robotics companies from Alphabet namely Big Dog developer Boston Dynamics and the secretive bipedal robotics firm Schaft to add to its artificial intelligence portfolio. “Smart robotics are going to be a key

WeWork acquires construction tech company FieldLens

By : CIOL Writers

New York-based co-working company, WeWork has acquired the project management application FieldLens, which it will incorporate into its product and construction team. The terms of the deal have not been disclosed. In a blog post, WeWork’s chief product officer David Fano noted that FieldLens

Realty review platform Roofpik acquires product discovery startup Shoppist

By : CIOL Writers

Real estate property and broker review platform, Roofpik has acquired Shoppist that offers personalized product discovery for an undisclosed amount, the company said in a statement. The acquisition aims to strengthen Roofpik’s core team and bring personalized property recommendations to its users. Shoppist’s natural

Snap acquires location-tracking startup Placed

By : CIOL Writers

Snapchat parent Snap has acquired Seattle-based Placed, a startup that operates a consumer location analytics platform. Though the terms of the deal were not disclosed in the Monday announcement, Geekwire reported that it was worth up to about $200 million, which would make it Snap’s

Happiest Minds acquires US-based OSSCube to push digital transformation

By : CIOL Writers

Bangalore-based Happiest Minds Technologies has announced the acquisition of OSSCube, a US-based digital transformation company. This acquisition will expand the company’s portfolio of transformative offerings in the consulting-led digital space, especially around open source platforms. It will also significantly strengthen the company’s

Red Hat acquiring agile and cloud-native development tools provider, Codenvy

USA: Red Hat is set to acquire Codenvy, a provider of cloud-native development tools that enable developers to more easily create modern container-based and cloud-native applications. Historically, software engineers have spent more time each week on administration and other tasks,

Microsoft to acquire cyber security firm Hexadite for $100mn: Report

By : CIOL Writers

Microsoft is acquiring Israeli cyber security startup Hexadite for $100 million, the Hebrew language website Calcalist reported on Wednesday. Microsoft’s new purchase comes on the heels of global wreck courtesy WannaCry ransomware affecting more than 300,000 windows computers in 150 countries since it surfaced

Digital lending platform FlexiLoans acquires Mumbai-based CreditPeriod.com

By : CIOL Writers

In a bid to strengthen its supply chain financial vertical, digital lending platform FlexiLoans has acquired Mumbai-based CreditPeriod.com. Though the financial details haven’t been disclosed, as a part of the deal, the co-founder of CreditPeriod.com, Venkatesh Viswanathan will be joining the