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...
Tech Mahindra acquires Com Tec, invests in two insurtech platforms
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...
