Gujarat-based fintech company Infibeam Avenues has agreed to acquire a 54% stake in Rediff, one of India’s oldest internet firms. In a filing with the BSE Friday, Infibeam said it invested around Rs 50 crore in Rediff...
The big picture behind Google’s largest acquisition failure
Two weeks ago, the tech industry was abuzz with the news of Alphabet, Google’s parent, trying to acquire cloud security startup Wiz for around $23 billion. It was to be Alphabet’s largest acquisition ever...
Cybersecurity firm Wiz calls off $23 bln deal with Google, memo says
Israeli cybersecurity startup Wiz has ended talks with Google-parent Albhabet on a reported $23 billion deal in which it would have become the U.S. tech giant’s largest-ever acquisition, according to a Wiz memo...
Zensar Technologies acquires BridgeView Life Sciences in $25 million deal, eyes more acquisitions
Zensar Technologies Ltd is set to acquire BridgeView Life Sciences, an American information technology (IT) and operations services firm, in an all-cash deal valued at $14 million, the company said on Wednesday. An...
Google-backed software developer GitLab explores sale, sources say
GitLab, a U.S. provider of cloud-based software development tools whose investors include Google parent Alphabet, is exploring a sale after attracting acquisition interest, according to people familiar with the matter...
L&T’s semiconductor arm acquires Bengaluru-based SiliConch Systems
Larsen & Toubro’s (L&T) whole-owned subsidiary L&T Semiconductor Technologies (LTSCT) signed an agreement on Monday for acquisition of 100% stake in Bengaluru-based SiliConch Systems for a cash consideration...
Accenture acquires Excelmax Technologies to expand semiconductor design services
Global IT services firm Accenture acquired Bengaluru-based Excelmax Technologies, a semiconductor design services firm, to bolster its growing silicon design and engineering capabilities. Financial details of the...
Coforge acquires 17% stake in Cigniti Technologies for Rs 645 crore
IT company Coforge on Friday bought a 17 per cent stake in Cigniti Technologies for Rs 645 crore through open market transactions. According to the block deal data available with the BSE, Coforge purchased a total of...
UK-based IT firm Noventiq scraps SPAC deal to list on Nasdaq
London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The...
Tech Mahindra gains on plan of merger with subsidiaries
Tech Mahindra advanced 1.80% to Rs 1,426 after its subsidiaries, Healthnxt and Tech Mahindra Americas (TMA) approved merger of Healthnxt with the company. Healthnxt and TMA’s businesses are complementary...
Cognizant’s ambitious acquisition of Belcan raises questions
On Monday, Cognizant Technology Solutions Corp. announced it is buying Belcan LLC, a Cincinnati, Ohio-based engineering, research and development (ER&D) service provider, for $1.3 billion. Cognizant would pay $1.19...
France’s Atos to sell Worldgrid unit to Alten for about $290 mln
Debt-laden French tech group Atos said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten...
