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...
Tech Mahindra pays $62 mn cash to buy WFH solutions firm Activus Connect
IT services firm Tech Mahindra announced the acquisition of a 100 per cent stake in Florida-based Activus Connect in an all cash deal worth $62 million. The company had revenue of $17 million for the financial year...
Britain’s Blue Prism agrees to $1.65 billion takeover by SS
Software group Blue Prism agreed to a 1.24 billion pounds ($1.65 billion) takeover offer from SS&C Technologies on Wednesday, withdrawing its backing for a bid from rival suitor Vista. U.S.-based fintech company...
UK software firm Blue Prism agrees to Vista’s $1.63 bln final takeover offer
British robotics software company Blue Prism has agreed to a 1.22 billion pound ($1.63 billion) final takeover offer from U.S. private equity firm Vista Equity, the parties said on Thursday, topping a proposal from...
Eye on IPO, ITC likely to spin off its IT services arm
ITC Ltd is likely to spin off and list its wholly-owned software services business in the coming months at a valuation of ₹20,000-25,000 crore, a person familiar with the matter said, requesting anonymity. ITC Infotech...
Voice assistant maker SoundHound to go public via $2 bln SPAC deal
SoundHound Inc will go public through a merger with a blank-check firm in a deal that values the voice assistant maker at $2.1 billion, the company said on Tuesday. The deal with Archimedes Tech SPAC Partners Co will...
Bain Capital backed Brillio acquires Salesforce cloud service partner Standav
Brillio announced today that it has acquired Standav, a premier Salesforce consulting and system integration firm headquartered in Silicon Valley and Dallas. The acquisition will integrate Standav’s expertise in quote...
Exotel acquires Cogno AI to build a full-stack customer engagement platform
Exotel, a cloud telephony firm, has acquired chatbot developer Cogno AI in a cash-and-stock deal, as part of its plans to build a full-stack customer engagement platform. The financial terms of the deal weren’t...
