Alphabet Inc-owned Google said on Thursday it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog. Google...
GGV Capital invests in Vedantu
Interactive online tutoring platform Vedantu on Thursday said it has raised $24 million as part of a Series C extension round. The funding round was led by global venture capital firm GGV Capital with participation from...
Infosys to acquire US-based Salesforce partner Simplus in $250 mn deal
IT major Infosys said on Monday that it will acquire Simplus, one of the fastest growing Salesforce Platinum Partners in the US and Australia, in an up to USD 250 million deal. According to a regulatory filing, the cost...
Cognizant acquires EI Technologies, Code Zero Consulting
In a bid to strengthen its Salesforce practice, Nasdaq-listed Cognizant Technology Solutions Corp. has made two strategic acquisitions this week, ahead of its fourth quarter earnings tomorrow. The IT services major on...
Bain Capital buys controlling stake in Italy’s Engineering
Bain Capital has agreed to buy a controlling stake in Italian IT services provider Engineering, the U.S. private equity firm said on Wednesday, in a deal one source said valued the company at about 1.6 billion euros ($1...
Atos to sell a 13% Worldline stake via private placement
French IT company Atos plans to sell a 13.1% stake in Worldline through a private placement after the payments company agreed to buy French rival Ingenico. Atos said in a statement that it would keep a 3.8% stake in...
Tech Mahindra to pick 70% stake in Cerium Systems
IT services major Tech Mahindra on Friday said it will acquire 70 per cent stake in Bengaluru-based Cerium Systems at an enterprise value of up to Rs 245 crore. The acquisition will boost Tech Mahindra’s...
Infosys divests stake in Unsilo for $800,000
IT services firm Infosys on Tuesday said it has divested its shares in Unsilo A/S for about USD 8,00,000 (over Rs 5.70 crore). “…the minority investment made by the company during 2016 in Unsilo A/S…...
Xerox seeks control of HP Board
Xerox Holdings Corp. is preparing to seek control of HP Inc.’s board after the personal-computer maker rejected efforts to negotiate an acquisition, according to people familiar with the matter. The iconic printer maker...
Skylo raises $103 million in round led by SoftBank
Internet of Things (IoT) solutions firm Skylo Technologies, co-founded by Indian-origin entrepreneur Parthsarathi Trivedi, has raised $103 million in a Series B round led by SoftBank Group. The round also saw the...
Change to state land laws may make M&As in IT parks smooth
A recent amendment to Karnataka’s land laws is expected to help developers of technology parks, industrial estates and special economic zones (SEZs) as well as investors as it opens up opportunities in mergers and...
France’s Capgemini slightly raises bid on Altran after Elliott battle
French consulting and IT services provider Capgemini slightly raised the price of its friendly bid for smaller rival Altran Technologies on Tuesday, in a last-ditch effort to win a six-month battle against U.S. activist...
