Tag "M&A"

Airbnb in talks to acquire Montreal-based Luxury Retreats

By : CIOL Writers

Airbnb is planning to move upmarket by buying Montreal-based Luxury Retreats International Inc., according to a TechCrunch report. Citing people in the know of the things, the report said that though the terms of the deal haven’t been finalized as

Hootsuite acquires social media ads manager AdEspresso

By : CIOL Writers

After relaunching Hootsuite Ads, the social media management company Hootsuite has acquired AdEspresso. The financial details of the acquisition are yet to be disclosed. Founded in 2013, AdEspresso offers users a set of tools to create, A-B test, and post advertisements

LogMeIn completes merger with Citrix’s GoTo business

BANGALORE, INDIA: LogMeIn has completed its merger with Citrix Systems‘ GetGo, a wholly owned subsidiary consisting of Citrix’s GoTo family of service offerings. The transaction is valued at approximately $1.8 billion. The combination brings together two innovators with a shared belief in simplifying the way people connect to customers, colleagues

Woo acquires Los Angeles-based dating app DUS to bridge the Indian diaspora

By : CIOL Writers

Dating app Woo has acquired DUS, a Los Angeles-based dating application focused on the South Asian community to connect Indians all over the world. The move will increase Woo’s foothold in one of the largest markets for the online dating

Razer acquires Nextbit and its Robin ‘cloud phone’

By : CIOL Writers

Looks like, Razer is steadily moving beyond the confines of hardware and software for the gaming community. So, three months after acquiring legendary audio tech company THX, the company is now making a dive in the mobile segment with the

On-demand cleaning service provider MyDidi acquires rival TimeMyTask

By : CIOL Writers

On-demand cleaning services provider MyDidi has announced an acquisition of its rival TimeMyTask in an all-stock deal. TimeMyTask’s entire team will now be joining MyDidi and the Mumbai-based company will also absorb the startup’s technology stack. The terms of the

Wipro buying InfoSERVER, an IT services provider for BFSI in Brazil

BANGALORE, INDIA: Wipro today signed an agreement to acquire InfoSERVER, an IT services provider focussed on the Brazilian market for $8.7mn. InfoSERVER provides custom application development and software deployment services. Two-decade old InfoSERVER, which counts some of the largest Brazilian

Cisco buys AppDynamics for $3.7 billion just before its IPO

By : CIOL Writers

Cisco has announced that it would be acquiring application intelligence software company AppDynamics that had filed to go public just last month, for $3.7 billion in cash and assumed equity awards. This is Cisco’s second big acquisition after Jasper Technologies

Chan Zuckerberg Initiative acquires AI-powered search engine startup, Meta

By : CIOL Writers

The Chan-Zuckerberg Initiative has acquired an AI-powered research engine startup, Meta to make it easier for researchers to get access to all the content they need in order to work upon some of the most challenging technologies of our time.

Google buys Twitter’s developer platform Fabric

By : CIOL Writers

Google is acquiring Twitter’s app development platform Fabric, along with its developer team. Not just this, the search engine company is also taking over Twitter’s Crashlytics crash reporting system, Answers mobile app analytics, Digits SMS login system and FastLane development

Microsoft acquires 3D optimization platform Simplygon

By : CIOL Writers

Barely days after acquiring deep learning startup Maluuba, Microsoft has announced a new purchase- Simplygon, a Swedish startup that develops 3D-optimization solutions for game developers and other industries that need to visualise 3D data. “Simplygon’s technology and talent will strengthen

HPE to acquire data-management platform SimpliVity for $650mn

By : CIOL Writers

Hewlett Packard Enterprise has announced a $650 million cash deal to acquire data-storage startup SimpliVity. SimpliVity was founded in 2009 and combines storage, computing and networking into a single system. This category of hardware, known as hyper-converged infrastructure, is a

Fitbit acquires smartwatch startup Vector Watch

By : CIOL Writers

After acquiring Pebble last month, fitness wearables brand Fitbit has made yet another acquisition in the form of European smartwatch maker Vector Watch. Though the terms of the deal haven’t been disclosed, the year-old startup has been acquired for its

Practo acquihires BI startup Enlightiks to boost its offerings for healthcare enterprises

BANGALORE, INDIA: Online healthcare platform, Practo has acquihired Bangalore-based Enlightiks that offers business intelligence (BI) solutions to healthcare enterprises for an undisclosed amount. Enlightiks’ primary offering is called Querent, which is a business intelligence and predictive analytics platform that provides actionable insights

Google acquires smartwatch startup, Cronologics to help improve Android Wear

By : CIOL Writers

Google has acquired a smartwatch startup, co-founded by former Google employees, Cronologics aimed at improving its capabilities in the Android Wear division. The specific financial details of the purchase were not disclosed but Cronologics’ team will now be working on

Delivery Hero acquires rival Foodpanda

By : CIOL Writers

Online food takeaway service Delivery Hero is acquiring rival foodpanda that should help the Berlin-based company to consolidate its position in the European market and add 20 new Asian, MENA and East European countries to its arsenal. Though the terms

GoDaddy acquires WordPress services startup WP Curve

By : CIOL Writers

Web-hosting firm GoDaddy has acquired bootstrapped startup WP Curve as it continues to increase focus towards WordPress services. Though the transaction details of the deal remain undisclosed but GoDaddy will now pick up the customer base of WP Curve along

Uber acquires AI startup Geometric Intelligence, creates Uber AI research lab

By : CIOL Writers

This was expected sooner than later with AI currently ruling the roost in the tech industry. US cab-aggregator, Uber has acquired a two-year-old artificial intelligence startup Geometric Intelligence whose team will provide the core for a new central AI lab

Hyderabad-based Next Education acquires edutech startup Xolvr

By : CIOL Writers

Marking the third acquisition in past 12 months, the Hyderabad-based learning solution provider for K-12 students, Next Education has acquihired edutech startup Xolvr for an undisclosed amount. Xolvr is a Gurugram-based education technology startup founded by Aamir Mojeeb and Mohammed

AngelList acquires Product Hunt for an undisclosed amount

By : CIOL Writers

AngelList, the company that helps investors find startups to invest in has bought Product Hunt, the platform where people vote on startup products, for an undisclosed amount. Product Hunt was rumored to be looking to raise its next round, however,