IT services and consulting firm Tech Mahindra, announced on Tuesday, February 20, that it has completed the acquisition of a 100% stake in Orchid Cybertech Services (OCSI) through its wholly-owned subsidiary for a total...
Wipro acquires US insurtech firm Aggne Global for $66 million
Wipro, India’s fourth largest information technology (IT) services firm, said it will acquire US-based insurtech firm Aggne Global Inc and its Hyderabad-based affiliate Aggne Global IT Services for $66 million. Wipro...
Kaynes Technology acquires Oakland-based Digicom Electronics to expand in US market
Mysuru-based Kaynes Technology is expanding its presence in the US. The company recently acquired Digicom Electronics, an electronics manufacturing services (EMS) company based in Oakland, California. “This will help us...
Zendesk acquires AI-led quality management platform Klaus
Software-as-a-service (SaaS) platform Zendesk announced that it has signed a definitive agreement to acquire AI-powered quality management platform Klaus. The acquisition of Klaus is likely to close in the first quarter...
Synopsys seeks to acquire engineering software company Ansys
Synopsys Inc, a maker of software used in chip design, has submitted an offer to acquire Ansys Inc., an engineering software vendor with a market value of $30 billion, people familiar with the matter said on Friday. The...
Qlik acquires AI data management firm Mozaic
Swedish data analytics company Qlik said it has acquired AI-driven data management provider Mozaic Data for an undisclosed sum. Sharad Kumar, founder of Mozaic Data, will join Qlik as regional head of data integration...
Salesforce acquires automated commission management platform Spiff
Enterprise software major Salesforce has announced plans to acquire Spiff, a provider of a new class of incentive compensation management (ICM) software, for an undisclosed sum. Once the acquisition closes, the Spiff...
IBM to buy Software AG’s enterprise integration platforms for $2.3 bn to bolster AI, hybrid cloud biz
IBM said that it would buy Software AG’s enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software...
Bain Capital last bidder in race for SoftwareOne – sources
Bain Capital is the last remaining bidder for software company SoftwareOne Holding AG after other interested parties, including private equity firm Apax Partners, dropped out, three people familiar with the situation...
Tech Mahindra board approves merger by absorption of 3 subsidiaries
The board of directors of Tech Mahindra has approved the merger by Absorption of 3 subsidiaries of the firm and their respective shareholders. This announcement came alongside the company’s September quarter...
Wipro announces merger of 5 subsidiaries with parent, cites 4 reasons
Bengaluru-based top IT services major Wipro announced the merger of five of its wholly-owned subsidiaries with and into parent entity Wipro Limited. The decision to merge Wipro HR Services, Wipro Overseas IT Services...
NCLAT dismisses insolvency plea against Wipro
The National Company Law Appellate Tribunal has dismissed a call for insolvency proceedings to be initiated against Wipro. The dispute pertains to the supply of goods for a government project implemented by the tech...
