Tech Mahindra Ltd. has acquired European IT firm Com Tec Co IT Ltd. for €310 million, including earnouts and synergy-linked payouts. CTC is an IT solutions and services provider catering to the insurance and financial...
Eclerx to remain aggressive about acquisitions
Inorganic growth through acquisitions will remain an integral part of the business as the need for digital solutions grows for Eclerx, said a top executive at the company that provides business process management...
HCL Tech to acquire Hungary-based Starschema in a $42.5-mn deal
HCL Technologies announced that it has signed a definitive agreement for the acquisition of Starschema, a leading provider of data engineering services, based in Budapest, Hungary in a $42.5 million deal. The...
Zendesk sticks to Momentive takeover plan as activist investors protest
Software firm Zendesk Inc on Thursday reiterated the benefits of its proposed acquisition of Momentive Global Inc and asked shareholders to vote in its favor, right after two activist investors opposed the deal. In a...
HCL Tech completes acquisition of 51% stake in German IT company GBS
HCL Technologies on Thursday said it has completed the acquisition of a 51 per cent stake in German IT consulting company Gesellschaft fr Banksysteme GmbH (GBS). In December, HCL Technologies had announced that it will...
Ad-tech company smartly.io to buy Google-focused firm for over $100 million
Advertising technology provider Smartly.io Solutions Oy said it is buying Ad-Lib.io, a company that offers creative tools for various Google platforms, for more than $100 million, as it seeks to widen its offerings...
Google buys Israeli security startup Siemplify for $500 million: Report
Alphabet Inc-owned Google said on Tuesday its cloud division had acquired Israeli cybersecurity startup Siemplify, as the U.S. tech giant expands its security offerings amid rising cyber attacks. Financial details of...
Tech Mahindra to acquire 100% stake in US-based Allyis Group
IT major Tech Mahindra on Friday announced that the company approved the proposal to acquire 100% equity shares in Allyis India Private Limited and the company’s wholly-owned subsidiary viz., Tech Mahindra (Americas)...
Microsoft to win antitrust approval for $16-billion Nuance deal
US software giant Microsoft is set to secure unconditional EU antitrust approval for its $16-billion bid for artificial intelligence and speech technology firm Nuance Communications, three people familiar with the...
Software firm Corcentric to go public via $1.2 bln SPAC deal
Software firm Corcentric on Friday agreed to go public through a merger with a blank-check firm in a deal valuing the combined company at about $1.2 billion. Corcentric provides payments network software solutions to...
Prodapt acquires UK-based SLR Dynamics
Consulting, technology and managed services provider to the Connectedness vertical, Prodapt announced that it has acquired SLR Dynamics, a UK-based company focussed on digital engineering and automation services in the...
HCL Tech, apoBank to acquire German IT Consulting firm
IT firm HCL Technologies and Deutsche Apotheker- und Ärztebank eG (apoBank) – the largest cooperative primary bank in Germany – have signed an agreement to acquire IT consulting company Gesellschaft für...
