Tag Archives: acquisition

After IPOs, Acquisitions Dominate Microfinance Sector

Amid rumours of IndusInd Bank acquiring Bharat Financial or former SKS Microfinance, which was the first to go IPO route to successfully raise funds, markets are set to turn their attention to the lucrative market segment again. Private Banks have increasingly turned their attention to microfinance institutions as the IPO route has clearly indicated their potential not only as junior ...

Read More »

Cisco Pays $3.7 Billion, Almost Double to Buy AppDynamics

Cisco Systems is acquiring AppDynamics for a whopping $3.7 billion, almost double the estimated price in its IPO filing that valued the company at $1.72 billion. While AppDynamics is ready to forgo IPO route to profit its promoters, Cisco is keen to add software face under its new market strategy. With the acquisition, Cisco wants end its image as maker ...

Read More »

BioClinica Now Acquires Synowledge, a Pharmaco-vigilance Company

BioClinica Inc., a global specialty clinical trials services provider, has acquired Synowledge, a pharmaco-vigilance firm with offices in India and Japan, as part of its expansion strategy in Europe, Asia and the US. The details of the deal amount were not revealed by the company. Synowledge is a specialized Pharmacovigilance, regulatory affairs and IT services provider to life sciences organizations ...

Read More »

Sony Pictures Television To Acquire Majority Stake In IMS Internet Media Services

Sony Pictures Television (SPT) has signed an agreement to acquire a majority stake in IMS Internet Media Services (IMS), one of Latin America’s largest ad sales and media buying firms in the digital space. Both Andy Kaplan, president of SPT and Gaston Taratuta, CEO, Founder for IMS are expected to sign the deal once the regulatory approval is obtained. “Gaston and his team are experts in the digital space and they have created ...

Read More »

Google Goes Patent Crazy, Seeks one for ‘Creepy’ Toys, Another for Flying Wind Turbine, Even for Anti-Aging

Google has filed an interesting patent application for toys which watch moving objects and interact with other media devices in a room. According to the patent filed before the US Patent and Trademark Office, the toys, say rabbit and bear, fixed with micrphones, cameras, speakers and motors to move their heads, not only make an eye contact but also interact ...

Read More »

Snapdeal Snaps up FreeCharge to Gain Market Leader Image

India’s leading online marketplace Snapdeal on Wednesday announced acquiring mobile transactions platform FreeCharge in a cash-cum-stock deal for an undisclosed amount to become an m-commerce firm. Though both the firms declined to share details of the deal, Snapdeal co-founder and chief executive Kunal Bahl told reporters in Bangalore that most of the transaction took place in cash. “As private entities, ...

Read More »

Why is Microsoft Buying Liveloop to Just Shut it Down?

Microsoft has decided to buy a startup that is not going to add value to its stock of products but gives headache to its overhyped Skype in terms of converting PowerPoint presentations into a URL format and allow office conference online without hitch. The Liveloop allows all offices to come online and share a power-point presentation and conduct office meetings ...

Read More »

NewsCorp Takes Over VCCircle, Star India Acquires Screen, Maa TV

Murdoch-owned News Corp has set its eyes wide on Indian emerging news networks and VC Circle, one of the most successful ventures in business domains, has attracted their attention after similar takeovers in entertainment sector like Screen and MaaTV. The company did not disclose the sum paid to acquire VCCircle that was established in mid-2000s and has been among the ...

Read More »

Google jumps big time into virtual reality race?

A team of engineers at Google is reportedly working to build a version of the Android operating system to power virtual-reality applications. The move comes on the heels of Facebook’s $2 billion purchase of Oculus VR. Wall Street Journal quoted “two people familiar with the project” as saying that Google has “tens of engineers” and other staff working on the ...

Read More »

Snapdeal snaps up fashion portal Exclusively.com

Online shopping portal Snapdeal.com has acquired premium and luxury fashion site Exclusively.com, a company statement by the former said here Wednesday. With this acquisition, Snapdeal.com looks to further strengthen its fashion business and reach $2 billion in gross merchandise value in the fashion category this year. However, the company declined to disclose the deal size. Currently the fashion business contributes ...

Read More »

NRI Business? Hike Messenger acquires Zip Phone

Hike Messenger, a home-grown chat application firm by Indian-origin professionals, has acquired Indian firm based in US called Zip Phone, a voice-calling company, for an undisclosed amount. Hike Messenger said in a statement on Thursday that the acquisition would help its product range in the internet-based communication space. “Zip Phone’s technology will allow us to bring free voice calling to ...

Read More »

Syniverse Opens New Bangalore Office

Syniverse on Thursday opened a new Bangalore office that will consolidate its services in India’s technology hub with a focus on delivering centralized support along with strengthened innovation to customers in India and around the world. The opening further demonstrates the company’s commitment to the India market, bringing together over 500 people from two former offices in Bangalore as the ...

Read More »

Opinion: What Does Penguin-Random House Merger Mean?

By Michael Levin When I saw the word “synergies” applied to the proposed merger of publishing giants Penguin and Random House, I laughed out loud. “Synergies” is Wall Street-speak for “Let’s merge two failing companies, fire half the employees, run the resulting business more cheaply, suck out all the money we can as quickly as we can, and then leave ...

Read More »

Deloitte eyes wider mobile tech services with Ubermind acquisition

Financial services and tech major Deloitte has announced the acquisition of Ubermind, a mobile technology firm for unknown sum. “Mobile technologies are rapidly reshaping the nature of business. This represents a significant opportunity for companies to develop new interaction models with customers, employees and stakeholders,” says Janet Foutty, national managing director, technology, Deloitte Consulting LLP. Based in Seattle, Wash., Ubermind’s ...

Read More »