Greek technology fund PJ Tech Catalyst, backed by Piraeus Bank and the European Investment Fund, has agreed to sell its market research unit Pollfish to U.S.-based marketing and consumer insights company Prodege...
Digitisation drives surge in M&A for technology services companies
The growing demand for digitisation projects globally has resulted in a 40% increase in the number of mergers and acquisitions (M&As) for technology services companies in 2021, a new report by industry association...
Elliott, Vista Equity take Citrix private in $16.5 bln deal
Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by affiliates of Elliott Management and Vista Equity Partners, which are seeking to tap the pandemic-driven boom...
Brazilian tech firm says buys financial app company Mobile2you
Brazilian tech firm Totvs said on Monday its Dimensa SA unit had bought financial app developer Mobile2you for 26.9 million reais ($5.07 million). Totvus said in a securities filing that the purchase was aimed at...
Elliott and Vista nears $13 billion deal to buy Citrix – source
Elliott Management Corp and Vista Equity Partners are close to buying Citrix Systems Inc in a deal that values the U.S. cloud computing company at about $13 billion, according to a person familiar with the matter. The...
UK outsourcer Capita to sell IT services firm Trustmarque for $149 mln
Capita Plc said it would sell its IT services and solutions firm Trustmarque to private-equity firm One Equity Partners for 111 million pounds ($148.64 million) as the British outsourcer shifts focus to its core...
SAP to buy U.S. fintech Taulia; eyes metaverse opportunities
SAP said it has agreed to buy a majority stake in privately held U.S. fintech firm Taulia as the German business software group seeks to expand its presence in supply-chain financing and working capital management. SAP...
Nvidia preparing to walk away from Arm acquisition
Nvidia Corp is preparing to abandon its purchase of Arm Ltd from SoftBank Group Corp after offering about $40 billion for the British company in 2020, Bloomberg News reported on Tuesday, citing people familiar with the...
Cyient to sell stakes in units offering low returns in 2022
Cyient, a domestic engineering and technology solution provider for more than two dozen Fortune 500-companies, plans to sell stakes in units that are underperforming. “We are aggressively considering what makes sense in...
Prodapt acquires Silicon Valley-based Synophic Worldwide
Consulting, technology and managed services provider to the Connectedness vertical, Prodapt on Wednesday announced that it has acquired Synophic Worldwide, a global company providing network transformational and managed...
NCLAT issues stay order on insolvency proceedings against HCL Tech
The National Company Law Appellate Tribunal (NCLAT) has put a stay on the insolvency proceedings against India’s third largest IT services player HCL Technologies. The National Company Law Tribunal (NCLT) had on January...
Bain Capital nears $2.27 bln deal to buy French IT services firm Inetum -sources
U.S. buyout fund Bain Capital is in final talks to buy French IT services firm Inetum in a deal worth about $2.27 billion that would boost its presence across Europe’s tech sector, sources familiar with the matter...
