Larsen & Toubro Ltd. is weighing a merger between two of its publicly traded software firms, according to people familiar with the matter, as the Indian conglomerate seeks scale to compete with global digital giants...
Zendesk working with Qatalyst on its potential sale – source
Software company Zendesk Inc has hired advisory firm Qatalyst Partners to explore a potential sale, a source familiar with the matter told Reuters on Monday. Zendesk declined to comment and Qatalyst did not immediately...
Wipro acquires consulting firm Convergence for $80 million
Wipro has acquired Convergence Acceleration Solutions (CAS), a US-based consulting and program management company that specialises in driving large-scale business for Fortune 100 communications service providers, the...
AMD to buy cloud startup Pensando for $1.9 billion in data center push
Chip designer Advanced Micro Devices said on Monday it would acquire cloud startup Pensando for $1.9 billion to bolster its data center products and capitalize on booming demand from cloud and enterprise sectors. AMD...
Telecom Italia, CDP start network talks as KKR bid falters
Telecom Italia (TIM) has signed a non-disclosure agreement with Italian state lender CDP to start formal talks on potentially combining the phone group’s network with that of smaller broadband rival Open Fiber...
Infosys to acquire German digital marketing firm Oddity for Euro 50 mn
Infosys announced the acquisition of oddity, a Germany-based digital marketing, experience, and commerce agency for a consideration of Euro 50 million, including earn-outs, management incentives and bonuses. The move...
Software maker Anaplan to go private in $9.65 bln deal with Thoma Bravo
Software maker Anaplan Inc said on Sunday it had agreed to be taken private by Thoma Bravo LP for $9.65 billion in cash, another sign of rising private equity interest in the cloud-based software space. The deal would...
Perfios to acquire fintech platform Karza for Rs 600 crore
Perfios Software Solutions, a Bengaluru-based fintech software firm backed by Warburg Pincus and Bessemer, is buying Karza Technologies, a banking and financial intelligence solution provider, for around Rs 600 crore...
Persistent Systems to acquire US cloud player MediaAgility for $71.71 mn
Persistent Systems announced the acquisition of Princeton, New Jersey-based MediaAgility, a global cloud transformation services provider with expertise building scalable, cloud-based solutions as a Google Cloud Premier...
Tech Mahindra to acquire Thirdware Solutions in all-cash deal for $42 mn
IT Company Tech Mahindra will acquire 100% stake in Mumbai-based Thirdware Solutions Ltd in all-cash deal for $42 million, according to an exchange filing. The acquisition will bolster Tech Mahindra’s digital solutions...
Beefing up its cybersecurity, Google buys Mandiant for $5.4-billion
Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday. The acquisition is the first of many that analysts foresee in the cyber...
CredAvenue acquires majority stake in Spocto Solutions
Debt marketplace CredAvenue on Monday said it has acquired a 75.1% stake in digital collections company Spocto to expand its product offerings. The acquisition will help CredAvenue include digital collection solutions...
