Tag "M&A"

Fortinet completes acquisition of Bradford Networks

BANGALORE, INDIA: Fortinet has completed the acquisition of Bradford Networks, which is trusted by large enterprises worldwide to protect and defend against threats from the ever-increasing digital attack surface. This helps Fortinet in further enhancing the Fortinet Security Fabric by

Walmart confirms investing $16bn in Flipkart for a majority stake of 77pc

US retail behemoth, Walmart announced that it is acquiring approximately 77 percent in Flipkart for $16 billion for a valuation of over $20 billion. The investment includes $2 billion of new equity funding. The remainder of the business will be held

HCL Tech and SEP buying US-based data management co Actian

INDIA: HCL Technologies (HCL) and Sumeru Equity Partners (SEP), a technology and growth-focused private equity firm, have signed a definitive agreement to acquire Actian Corporation. The all-cash deal is valued at US$330 million. HCL will own 80 percent while SEP will

Uber gets into bike-sharing business with Jump

By : CIOL Writers

Uber is buying New York-based electric-bike startup Jump Bikes that operates in 40 US cities. In a blog post, Uber chief executive Dara Khosrowshahi said that the company had reached a deal to acquire Jump adding bike sharing to its transportation options. “We’re committed

RSA to acquire Behavioral Analytics company, Fortscale

RSA announced its intent to acquire Fortscale, a pioneer in embedded behavioral analytics. Terms of the deal were not disclosed. RSA’s acquisition is designed to provide customers with new user and entity behavioral analytics (UEBA) capabilities through the RSA NetWitness

Ola acquires Ridlr to expand public transport business

By : CIOL Writers

Cab hailing firm Ola has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing, and commuting app as the company seeks to improve its navigation technology and potentially expand the range of its services. Bhavish Aggarwal, CEO of Ola, said, “Public transportation serves millions of

Google buys GIF platform Tenor

By : CIOL Writers 1

Google is acquiring the GIF platform Tenor, the company announced today. Tenor will continue to operate as a separate brand within Google which plans to integrate GIFs into Google Images and Gboard, the company’s virtual keyboard. “Most people now use Google Images to find

Foxconn buys PC peripheral maker Belkin for $866M

By : CIOL Writers

The Taiwanese company best known for manufacturing iPhones, Foxconn is buying Belkin, the PC peripherals company, for $866 million in cash. Based in California, Belkin is known for an array of computer and phone accessories, including wireless chargers, laptop docks, and phone cases.

Another retreat for Uber as it sells Southeast Asian biz to Grab

By : CIOL Writers

Uber has agreed to sell its Southeast Asia business to Singapore-based regional rival Grab, marking another retreat for the US company from international operations. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food

Zensar Technologies gets insurance capability with Cynosure

By : CIOL Writers

Zensar Technologies announced that it is acquiring US-based IT firm Cynosure that focuses on mid-tier and smaller insurance clients for $33 million. As a part of the agreement, Zensar will acquire 100 percent stake in Cynosure for $31 million, plus pay earnouts over 24

Salesforce to acquire MuleSoft for $6.5B

By : CIOL Writers

Salesforce has entered into an agreement with MuleSoft to acquire the enterprise for $6.5 billion. MuleSoft makes a platform that helps Fortune 500 companies stitch together disparate software applications, data, and devices. Salesforce will pay $44.89 per share for Mulesoft, a 36

Oyo to tap into corporate segment with Novascotia Boutique Homes

By : CIOL Writers

Gurgaon-based, hotel aggregator Oyo has acquired Chennai-based service apartment operator Novascotia Boutique Homes marking Oyo’s entry into the service apartment and corporate executive stay segment. The development was first reported by ET. According to the report, the negotiations for the deal started last October and

Avaya bolsters intelligent cloud offerings with Spoken acquisition

USA: Avaya has completed the acquisition of Spoken Communications, a leading innovator in Contact Center as a Service (CCaaS) solutions and customer experience management applications built on conversational artificial intelligence. Spoken accelerates Avaya’s growth in cloud-based solutions and brings a

Salesforce is acquiring enterprise e-commerce startup CloudCraze

By : CIOL Writers

Salesforce is acquiring Chicago-based CloudCraze, an enterprise e-commerce solution built on its cloud-based customer relationship management platform. The deal was announced on Monday by CloudCraze on its site without disclosing the financial details. “With the addition of CloudCraze to the Salesforce Commerce Cloud,

Apple acquires digital magazine app Texture

By : CIOL Writers

Apple is acquiring Texture, the digital magazine subscription service by Next Issue Media, which gives users unlimited access to their favorite titles for one monthly subscription fee. Texture will add to Apple’s in-house content and service platform while also filling the gap

WeWork acquires digital marketing company Conductor

By : CIOL Writers

WeWork is acquiring the SEO marketing business Conductor. The terms of the deal were not disclosed. Though from the face of it, the two companies may not look like a perfect match, Conductor should give WeWork a stronger connection to enterprise clients. “Together,

Amazon confirms acquiring cloud-based game development platform GameSparks

By : CIOL Writers

Amazon has confirmed an acquisition in the area of gaming. The company has acquired GameSparks- a cloud-based game development platform for an undisclosed sum. GameSparks announced the acquisition in a blog post. The company notes, “We’re excited to announce that

Amazon acquires Ring to bolster its security portfolio

By : CIOL Writers

Amazon is buying smart doorbell maker Ring making a deeper push into the home security market. Though the terms of the deal haven’t been disclosed, Reuters says that the sale price was more than $1 billion. Ring is best known for a doorbell

Mobile payments app Circle acquires crypto exchange Poloniex

By : CIOL Writers

Mobile payments app Circle is acquiring US-based cryptocurrency exchange Poloniex. Circle is paying $400 million for the acquisition, according to Fortune. The Poloniex exchange offers trades in 68 different coins, and is currently the 14th largest crypto exchange by 24-hour volume on CoinMarketCap,

Eden acquires OrgOrg, a social network for workplace professionals

By : CIOL Writers

Office management and tech support platform, Eden has acquired OrgOrg, a real-time social forum for Workplace professionals. OrgOrg was founded seven years ago by Kim Rohrer, the company’s CEO, who felt that there was no place for those who manage an office