L&T Technology Services Limited share price gained more than 5% in intraday trades on Tuesday. L&T Technology announced having signed a definitive agreement to acquire Silicon Valley-based Intelliswift, to...
L&T to acquire 21% stake in AI cloud provider E2E Networks
Larsen & Toubro is buying a 21% stake in E2E Networks, an artificial intelligence (AI) cloud provider, in a Rs 1,327-crore all-cash transaction. In a two-part deal, L&T proposes to acquire a total of 4.17...
French IT firm Atos agrees to sell Worldgrid unit to Alten
Atos said on Tuesday it had signed an agreement to sell its Worldgrid business unit to Alten for 270 million euros ($293.7 million) on an enterprise value basis, in a transaction expected to close before the end of 2024...
Board of Infosys approves merger of subsidiaries
At meeting held on 17 October 2024 The Board of Infosys at its meeting held on 17 October 2024 has approved merger of WongDoody Inc (wholly owned subsidiary) and Blue Acorn iCi Inc, Outbox Systems Inc., d.b.a Simplus...
IBM acquires Bengaluru SaaS firm Prescinto for renewables business
Global software maker IBM has announced the acquisition of Bengaluru-based Prescinto Technologies (Prescinto), a solar monitoring and analytics platform that provides asset performance management (APM) software-as-a...
Bain makes binding offer for Fuji Soft, 7% higher than rival KKR
U.S. buyout fund Bain Capital made a binding offer to buy Fuji Soft for 9,450 yen a share in a deal that values the Japanese software developer at $4 billion and outbids rival KKR by about 7%. Bain said in a statement...
Persistent strengthens its AI-driven services with acquisition of Pune-based Arrka
Persistent Systems announced the intent to acquire Arrka, a Pune-based company renowned for its decade-long data privacy expertise, its pioneering Data Privacy Management platform and growing expertise in AI governance...
Infosys eyes space tech sector with strategic investment in GalaxEye
Global IT services giant Infosys announced on September 19 about its plans to invest up to ₹17 crore (approximately $2 million) in space tech startup GalaxEye Space Solutions. The investment, part of the Infosys...
Cyient approves sale of 14.50% stake worth 1.15 crore shares in Cyient DLM via block deal
Information technology (IT) services company Cyient announced on Tuesday, August 20, that its board approved the sale of a 14.5 per cent stake in its subsidiary Cyient DLM Ltd through a block deal. Cyient plans to close...
HCLTech’s arm to acquire French software firm Zeenea for 24 million euros
HCLSoftware, the software business division of HCLTech, has agreed to wholly acquire Zeenea, a French data catalog and governance solutions company, for 24 million euros (about Rs 220 crore). The acquisition will be...
Infibeam Avenues to acquire 54% stake in Rediff
Gujarat-based fintech company Infibeam Avenues has agreed to acquire a 54% stake in Rediff, one of India’s oldest internet firms. In a filing with the BSE Friday, Infibeam said it invested around Rs 50 crore in Rediff...
The big picture behind Google’s largest acquisition failure
Two weeks ago, the tech industry was abuzz with the news of Alphabet, Google’s parent, trying to acquire cloud security startup Wiz for around $23 billion. It was to be Alphabet’s largest acquisition ever...
