Tag Archives: M&A

Chitramala gets Rs.50 Lakh PE Investment

Chitramala.in, a portal for Bollywood and Telugu film industry gossip, has received Rs.50 lakh from Confidance Holdings. Moukthik Kiran Reddy from Chitramala said approximately 60% of its readers originate from different parts of India, including some user traffic from foreign destinations such as USA, Australia, Canada and UK. The monthly unique visitors count for Chitramala.in grosses 1 million every month. ...

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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 ...

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Flipkart acquires automation firm Appiterate to strengthen its mobile app

Indian e-commerce portal Flipkart said it has acquired Delhi-based mobile engagement and marketing automation company Appiterate for an undisclosed amount. “Flipkart has been persistently looking to improve and expand its mobile app capabilities to cater to the shifting preferences on its user base,” the company said in a statement. After the completion of the acquisition, Appiterate’s mobile marketing automation platform ...

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Infosys to buy Kallidus Inc for $120 million

Cash-rich information technology bellwether Infosys Ltd said on Friday that it has entered into definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate for $120 million. Announcing the fourth quarter and annual results for 2014-15, the company said it has signed an agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate, a leading provider of digital experience ...

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Bangalore’s Furniture Portal CapriCoast.com Gets Rs.8 Crore in Funding

Bangalore-based online modular furniture solutions provider CapriCoast.com on Monday announced raising of $1.25-million (Rs.8 crore) seed fund from venture capital firm Accel Partners India to expand its operations. “The seed fund will be used to expand our presence beyond Bengaluru to other metros like Ahmedabad, Chennai, Delhi, Hyderabad, Kolkata and Mumbai by this year-end,” CapriCoast founder chief executive Jawad Ayaz ...

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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, ...

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Twitter Buys Bangalore-based ZipDial

A Bangalore-based mobile-based ad software firm ZipDial said on its website that it was taken over by social media giant Twitter. The deal was reportedly in the range of Rs.200 crore ($35 to 40 million) but neither of the companies have confirmed the deal amount. Confirming the M&A deal, Twitter Director Rishi Jaitley said, “India is one of the fastest ...

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Google may buy Softcard but employees not happy

Google has always been on the look out for potential futuristic companies with software prowess and currently it is eyeing the mobile-payments company Softcard. With its almost fading Google Wallet, Google may be setting its sight on the company to use it as an effective interface, to cater the needs of the U.S. wireless carriers setting itself against the more ...

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Samsung Denies Reuters Report on Blackberry Takeover

South Korea’s Samsung Electronics has denied that it had bid to buy Canada-based smartphone-maker Blackberry as reported by Reuters based on sources close to the deal. “Media reports of the acquisition are groundless,” a Samsung spokeswoman said. Samsung recently offered to buy BlackBerry for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate ...

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Vibrant Gujarat? Adanis, SunEdison to invest $4 billion in Gujarat solar park

Gautam Adani-led Adani Enterprises and US-based SunEdison will invest Rs.25,000 crore ($4 billion) to set up a solar park in Gujarat that is expected to create more than 20,000 new jobs. The two companies will set up a joint venture for building the largest vertically integrated solar photovoltaic manufacturing facility in the country, said a statement Sunday by the Adani ...

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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 ...

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 FlipKart Takes Over Embassy Park’s 3-Mln/Sq.Ft Office Space on Rs.300 Crore Lease

Flipkart, online e-commerce giant which has tasted insuffuciency of infrastructure with its Koramangal-based buildings when the “One Billion Deal Day” was held early this month will soon move into 3 million square feet office space at the Embassy Park paying Rs.300 crore per annum rent. The lease deal is also part of Flipkart’s future expansion plans that include 12,000 more ...

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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 ...

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Satyam merger with Tech Mahindra ends an era of IT fraud

Finally, Satyam’s saga will end with the proposed merger with its parent company Tech Mahindra to form one of the top five IT companies in the country. The announced merger will create a behemoth of $2.4 billion company, with more than than 75,000 employees serving about 350 clients in 54 countries. “This would make us a company with an annual ...

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