Tag "M&A"

Nokia acquires Unium to boost home Wi-Fi portfolio

By : CIOL Writers

Nokia is acquiring Unium, a US-based software company that specializes in solving complex wireless networking problems for use in mission-critical and residential Wi-Fi applications. The Finnish tech giant plans to integrate Unium’s software into its “end-to-end, whole-home WiFi solution.” The acquisition

Bosch acquires Detroit-based ride-sharing startup SPLT

By : CIOL Writers

Bosch has acquired Detroit-based ride-sharing startup SPLT (Splitting Fares Inc.), marking Bosch’s first foray into territory dominated by the likes of Uber and Lyft. Terms of the deal, which was announced Wednesday, were not disclosed. SPLT was founded in 2015, and

Oracle acquires DDoS mitigation software maker Zenedge

By : CIOL Writers

Oracle is acquiring hybrid security startup Zenedge that provides firewalls and denial-of-service mitigation to enterprises. Terms of the deal were not disclosed. Zenedge helps businesses secure applications and databases from malicious web traffic via its web application firewall (WAF) and distributed

Google acquires Xively IoT from LogMeIn for $50M

By : CIOL Writers

Google announced that it is acquiring Xively, a division of LogMeIn for $50 million. Google and LogMeIn said the acquisition is subject to customary closing conditions. “With the addition of Xively’s robust, enterprise-ready IoT platform, we can accelerate our customers’ timeline

Fitbit acquires health management platform Twine Health

By : CIOL Writers

Fitbit, the fitness and activity tracker manufacturer announced that it is acquiring cloud-based health management platform Twine Health. The details of the deal were not disclosed. However, the deal is expected to close in Q1 2018. “When combined with our

GroupM to acquire Indian creative agency The Glitch

By : CIOL Writers

WPP-owned media agency GroupM has agreed to buy a majority stake in the independent digital creative agency The Glitch, which will retain its branding. The Glitch was founded in 2009 and employs around 200 people in Mumbai and Delhi. The

Capgemini to acquire US-based LiquidHub for $500M

By : CIOL Writers

Capgemini announced that it is acquiring US digital IT firm LiquidHub for about $500 million (400 million euros) to accelerate its digital consulting capabilities in North America. The transaction is due to close in a couple of months. Paul Hermelin, the CEO,

Broadcom to now offer $120B for Qualcomm takeover

By : CIOL Writers

Broadcom has decided to increase its offer for chipmaker Qualcomm to $120 billion from the current $103 billion bid that was put on the table last November, and rejected by Qualcomm. The development was first reported by Reuters. The latest offer

Red Hat acquires CoreOS for $250M

By : CIOL Writers

Red Hat has announced the acquisition of CoreOS, an innovator and leader in Kubernetes and container-native solutions for a price of $250 million. With this acquisition, Red Hat aims to combine the technologies of both companies to accelerate the adoption and

Microsoft acquires gaming tool vendor PlayFab to boost Azure platform

By : CIOL Writers

Microsoft has acquired PlayFab, which helps game developers launch their titles online more quickly with simplified back-end services. PlayFab runs backend services for 1,200 cloud-connected games with more than 700 million players, and now Microsoft will integrate PlayFab’s tools into its

HERE Technologies acquire indoor maps provider Micello

By : CIOL Writers

Here Technologies has announced that it has acquired California based Micello, a privately held software company that operates a platform for creating, editing and publishing indoor maps. Ankit Agarwal, CEO of Micello, said, “This is an exciting opportunity for Micello

Nazara acquires majority stake in e-sports gaming firm Nodwin Gaming

By : CIOL Writers

Mobile gaming company Nazara Games has acquired 55 percent stake in Gurgaon based e-sports gaming firm Nodwin Gaming. After this acquisition, Nodwin will become an independent subsidiary of Nazara. With this acquisition, Nazara aims to strengthen its portfolio of offerings in

GoDaddy to acquire social media marketing platform Main Street Hub

By : CIOL Writers

Small business domain host GoDaddy is acquiring Austin-based social media marketing platform Main Street Hub for $125 million. GoDaddy says it plans to integrate Main Street Hub’s services into a new suite of “do-it-for-me” capabilities that SMBs can use to build and manage

Facebook acquires ID authentication startup Confirm

By : CIOL Writers

Facebook is acquiring Confirm, a software firm that specializes in authenticating government-issued identification cards. The Boston-based startup will shut down as both its team and technology will be rolled into Facebook, where it could help users who are locked out of

RailYatri acqui-hires food delivery startup YatraChef

By : CIOL Writers

Noida based RailYatri, a crowd-sourced platform that provides travel-related information to passengers has acqui-hired food delivery technology startup YatraChef. The YatraChef team will now manage pan India supply side of RailYatri’s in transit delivery business. The financials of the deal

Goomo acquires B2B vehicle rental website WagonBee

By : CIOL Writers

Goomo, an omnichannel travel tech firm has announced the acquisition of WagonBee, the Noida based B2B vehicle rental website. The details of the acquisition were not announced by both the companies. Varun Gupta, CEO, Goomo, said, “The acquisition of WagonBee will

Grab acquires Bangalore-based payments startup iKaaz

By : CIOL Writers

On-demand transportation and mobile payments platform in Southeast Asia, Grab has acquired Bangalore-based payments startup iKaaz. iKaaz’ mobile payments platform and its experienced leadership team is expected to accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Launched

Instacart acquires Canada-based Unata

By : CIOL Writers

Instacart has announced the acquisition of Unata, a Toronto-based startup that specializes in making and tracking digital coupons and circulars. The company is also developing a voice-activated tool to allow customers to purchase goods online from midsize retailers using devices

Google acquires UK sound tech startup Redux

By : CIOL Writers

Google has secretly snapped up UK startup Redux, a small team focused on delivering sound and touch feedback via mobile displays, Bloomberg reports. Redux was founded in 2013 out of Cambridge, and built technology that uses vibrations to turn surfaces of phones

Accenture acquiring 3D and immersive content producer Mackevision

INDIA: Accenture has entered into an agreement to acquire Germany-based Mackevision, a global producer of 3D-enabled and immersive product content. Mackevision has earned international acclaim for its work on the HBO Series “Game of Thrones” – for which it was awarded an Emmy for