Tag "M&A"

Spotify may acquire SoundCloud to expand its services

By : CIOL Writers

Spotify is currently the market leader in the music-streaming market with 40 million paying subscribers per week, whereas its arch-rival, Apple’s figure stands at 17 million. And to further strengthen that lead, Spotify is reportedly in talks with SoundCloud for

Google to acquire API technology & services provider Apigee

By : CIOL Writers

Google has announced that it will acquire Apigee, the API technology and services provider for enterprises and developers, to further strengthen its cloud offerings. Founded in 2004 by Raj Singh, Apigee is based out of Palo Alto. The transaction is

Pinterest acquires Instapaper

By : CIOL Writers

Pinterest has acquired Instapaper but says that the app would continue to operate as a separate entity. The Instapaper team including CEO Brian Donohue will join Pinterest where they will work both on the core Pinterest experience and updating Instapaper.

Snapchat to buy mobile search and discovery app Vurb for $110 million

By : CIOL Writers

Snapchat is acquiring mobile search and discovery app Vurb for $110 million, according to The Information. The report says that the purchase of Vurb will give the ephemeral messaging app company more resources to bolster its messaging and search features.

Walmart ups Amazon rivalry with Jet.com acquisition

USA: To take on its biggest e-comm rival- Amazon, Walmart is  acquiring a hardly one-year old fast-growing e-comm co. Jet.com for approximately $3 billion in cash. Walmart and Jet will maintain distinct brands, said Walmart. The deal is expected to close

Softbank reportedly buying ARM for $32 billion

Japanese telecommunications and Internet giant, SoftBank Group is reportedly buying  UK-based chipmaker, ARM Holding, as per The New York Times report. The deal is not officially announced yet. ARM, which designs chips and parts of chips, has a market capitalization

Myntra acquires mobile-based content aggregator Cubeit

BANGALORE, INDIA: Online fashion portal, Myntra has acquhired Cubeit, a Bangalore based tech start-up focused on content aggregation on mobile. Financial details of the deal is not disclosed. Cubeit team has been inducted into Myntra. Cubeit is Myntra’s third technology

Microsoft acquires chat app Wand Labs

USA: Microsoft has acquired messaging app developer Wand Labs– a startup founded in 2013 by CEO Vishal Sharma that specializes in chatbots and messaging apps, for an undisclosed amount. The acquisition accelerates Microsoft’s vision and strategy for Conversation as a

VMware NSX operational visibility set to get a boost with Arkin acquisition

USA: VMware announced the intention to acquire software-defined data center security and operations company, Arkin Net. VMware and Arkin are already collaborating to meet the needs of mutual customers such as Columbia Sportswear, California Department of Water Resources (CDWR) and

Microsoft buying LinkedIn for $26.2bn

USA: Microsoft has agreed to buy the largest professional networking site LinkedIn in $26.2 billion all-cash deal. Microsoft will acquire LinkedIn for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash. LinkedIn will retain

Symantec buys Blue Coat for $4.65bn

USA: Symantec has agreed to buy Blue Coat Systems in a $4.65 billion all-cash deal. The deal is expected to close in Q3. Blue Coat CEO Greg Clark will become Symantec’s new CEO once the deal closes. Symantec was scouting

Fortinet strengthens Security Fabric with AccelOps acquisition

BANGALORE, INDIA: Fortinet has acquired network security monitoring and analytics solutions company, AccelOps. AccelOps currently serves hundreds of clients across numerous vertical industries, including a strong presence in the Enterprise, Government, and Managed Service Provider segments. AccelOps solutions will become

Axis acquires store optimization solution co, Cognimatics

BANGALORE, INDIA: Network video solutions provider, Axis Communications has acquired Cognimatics, a leading company of store optimization solutions targeting the retail sector. Cognimatics’ technology is used for people counting, queue measurement and occupancy estimation. Cognimatics is a privately owned Swedish

ARM buys imaging & embedded computer vision tech firm, Apical in $350mn

BANGALORE, INDIA: ARM has acquired imaging and embedded computer vision technology firm, Apical in $350 million all-cash deal. Apical is one of the UK’s fastest-growing technology IP companies and its advanced imaging products are used in more than 1.5 billion

Dell & EMC’s combined enterprise biz will be called Dell EMC

USA: Dell Chairman and CEO Michael Dell said that the Dell and EMC combined family of businesses will be called Dell Technologies, after the merger. Dell Technologies will comprise the combined enterprise infrastructure businesses of Dell and EMC, the PC

FireEye now helps cos identify risks in M&A

BANGALORE, INDIA: FireEye along with its law firm partner, Pillsbury Winthrop Shaw Pittman has launched Mandiant Mergers & Acquisitions (M&A) Risk Assessment to identify threats earlier in the M&A process. It is a week-long service evaluating key security components utilizing

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