Software-as-a-service (SaaS) company Capillary Technologies, which manages loyalty programmes for corporates, is acquiring US payments major Mastercard’s loyalty and rewards business SessionM for $20 million in an...
Happiest Minds’ Ashok Soota shrugs off stake sale reports
Happiest Minds’ founder and chairman Ashok Soota said on Tuesday that he was “very much in charge” at the mid-cap IT firm, amid media reports that he was exploring a stake sale. “There is nothing more important than the...
Uber to acquire delivery business of Turkey’s Getir
Uber said on Monday it agreed to acquire the delivery arm of Turkey’s Getir from Mubadala, its Emirati controlling shareholder, expanding the US-based company’s Turkish footprint. Uber did not give a...
Australia’s Qoria to merge with US-based Aura in $675 million deal
Australia-listed Qoria said on Monday that U.S.-based Aura Consolidated Group would acquire the tech firm at an implied valuation of A$972 million ($675.64 million), and then relist the merged entity on the Australian...
Zensar in talks to acquire promoter stake in Mastek
IT firm Zensar Technologies is in talks to acquire an 18–20% stake from promoters of mid-sized peer Mastek, three people familiar with the matter told Mint. The proposed transaction is expected to be valued at over $200...
Capgemini to Divest US Unit Criticized for Contracts With ICE
French IT services provider Capgemini SE plans to sell a US-based unit that’s facing scrutiny over its contracts with US Immigration and Customs Enforcement. The company said it would initiate the sale process of the...
Coforge sweetens India’s largest IT deal after shareholder pushback
Coforge Ltd’s public shareholders rejected the firm’s decision to give private equity giant Advent International the right to nominate members on the board’s audit, nomination, and remuneration panels, forcing the Noida...
HCLTech to acquire Singapore-based Finergic Solutions for about $14.8 million
HCLTech, India’s third-largest IT services firm, has signed an agreement to acquire Singapore-based boutique wealth consulting firm Finergic Solutions Pte Ltd for 19 million Singapore dollars (about $14.8 million) in an...
Pine Labs unit Setu receives RBI nod to acquire account aggregator Agya Technologies
Digital payments platform Pine Labs has received approval from the Reserve Bank of India (RBI) to acquire full ownership of Agya Technologies, an account aggregator firm, through its fintech infrastructure arm Setu, the...
Micron’s $1.8 billion acquisition boosts Powerchip shares
Shares of Taiwan’s Powerchip Semiconductor Manufacturing Corp rose nearly 10% on Monday after U.S. memory chipmaker Micron Technology said it would buy a fabrication plant from the company. Micron...
India’s tech M&As on a three-year high with deal value touching $29 billion
India’s technology mergers and acquisitions hit a three-year high in 2025, with total deal value expected at $26-29 billion, up 30% from $20 billion in 2024, exclusive data shared by EY showed. Deal activity has...
French IT company Atos to sell Latin American businesses to Brazil’s Semantix
French IT company Atos said on Friday it signed a binding agreement to sell its Latin American operations to Brazilian tech company Semantix as part of a broad restructuring plan. The business to be sold employs...
