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Reliance Industries Acquires 20% Stake In Israeli Tech Incubator For $25 Mn

Reliance-Industries_RIL

The incubator, JII, will invest in startups focusing on areas like cloud, big data, IoT, fintech, artificial intelligence and storage, areas Reliance Industries too finds interesting

Reliance Industries Ltd (RIL) today said it is investing $25 million in an Israel based technology incubator named Jerusalem Innovation Incubator that will be focusing on startups that are working in the firled of new age technologies like computer vision, IoT, artificial intelligence and fintech etc.

The decision, perhaps, was taken during Prime Minister Narednra Modi’s recent visit to Israel where many Indian enterprises including Reliance Industries had accompanied the PM for bilateral business talks.

The incubator, JII, is licensed by Israel Innovation Authority (IIA) that functions under the ministry of economy of Israel.

For the incubation center, RIL will be co-investing along with Motorola Solutions, Yissuem and OurCrowd. While Motorola Solutions is a global company, the other two are based out of Israel. OurCrowd, a strtaup, is a crowd-fudning platform and Yissum is a part of Israel’s #1 University, the Hebrew University of Jerusalem.

In terms of stake, RIL and Motorola Solutions will hold 20% stake each and OurCrowd will hold the rest 60%. Yissum will not hold any stake as it is not investing in the company but will assist JII to provide R&D and other support.

The incubator, JII, will invest in startups focusing on areas like cloud, big data, IoT, fintech, artificial intelligence and storage.

“Most of these domains align with our businesses and strategic interests,” RIL said in a filing to the BSE, earlier Bombay Stock Exchange.

The incubator will invest in the startups every year upto 8 years. Reliance Industries’ investment will also be in tranches till the license period of 8 years, the company added.

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M&A

Emids Technologies Acquires Healthcare Analytics Firm Encore

emids-technologies

Emids, a firm providing IT services and solutions for the healthcare and life sciences industries, announced today that it has acquired Encore Health Resources, a healthcare information analytics company focused on value-based care and electronic health records for providers.

The details of the transaction were not disclosed.

“As healthcare becomes more integrated and the focus on consumerism grows, payers and providers are working more closely together,” said emids founder and CEO Saurabh Sinha. The Indian market has always been of utmost importance to us. Today, the Indian healthcare industry is also undergoing a major overhaul driven by technology and innovation. Along with business opportunities we also look to expand our India operations and workforce. ”

Encore helps providers plan, implement, manage and optimize clinical and business systems to meet the demands of healthcare reform and improve the quality, cost and coordination of patient care. Rooted in deep operational expertise from working with large and diverse healthcare systems, Encore’s services unleash the power of data to fulfill growing information and reporting needs for providers, as well as help them improve performance, care coordination and population health management.

In addition to the business opportunities this acquisition presents, it also reflects a seamless fit of core values between emids and Encore. Both companies take a partnership approach to serving clients and have a strong emphasis on developing talent.

“We have a similar culture that focuses on helping customers succeed and prioritizing the professional development of people in our organization,” says Tom Niehaus, who will operate Encore as a business unit within emids.

Encore founder Dana Sellers will be joining emids as a member of the Board of Directors.

The acquisition, which was backed by Baird Capital and Council Capital, adds nearly 200 consultants to emids’ base of 1,500 employees in the U.S. and adds Dallas to its expanding geographic footprint. Expansion also includes a newly opened office in London, a long-standing Bangalore, India, presence, and a Nashville, Tenn-based headquarters. It will also add more than 50 health systems to emids’ client portfolio and deepen its healthcare analytics expertise for clients in the payer and provider markets.

The company said the domestic healthcare industry at present has witnessed the rise in demand and usage of humongous amount of data generated every day.

“Hence, data analytics has become a critical need for the healthcare enterprises to understand the needs of their patients and providers equally. Additionally, connected devices and IoT technologies have also seen an increased uptake. In other terms, digitization is an industry priority today,” it said.

In the Indian context, the acquisition will be instrumental to align the customer’s orientation towards better care management. Encore brings a team of experts with specialized knowledge in clinical and business applications, and the knowledge of working with large and diverse healthcare systems. This will strengthen emids technical and upstream consulting skill sets which rests with the enterprises/providers. In India emids’s offshore delivery centre is based in Bangalore with a strong team of over 1500 healthcare technologists.

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M&A

Teradata Acquires San Diego-based Cloud Start-up StackIQ

teradata-acquires-stackiq

Data analytics firm Teradata has announced to acquire San Diego based cloud startup StackIQ for undisclosed amount. The deal will leverage StackIQ’s expertise in open source software and large cluster provisioning to simplify and automate the deployment of its solutions.

Offering customers the speed and flexibility to deploy its solutions across hybrid cloud environments, allows them to innovate quickly and build new analytical applications for their business.

In addition to technology assets, the acquisition also includes StackIQ’s team of engineers, who will join Teradata’s R&D organization to help accelerate the company’s ability to automate software deployment in operations, engineering and end-user customer ecosystems.

“Adding StackIQ technology to IntelliFlex, IntelliBase and IntelliCloud will strengthen our capabilities and enable Teradata to redefine how systems are deployed and managed globally,” said said Oliver Ratzesberger, Executive Vice President and Chief Product Officer for Teradata.

“Our incredibly high standards also apply to the people we hire,” continued Ratzesberger. “As Teradata continues to expand its engineering (R&D) skills to drive ongoing technology innovation, we are seeking qualified, talented individuals to join our team. ”

Under terms of the deal, Teradata will now own StackIQ’s unique IP that automates and accelerates software deployment across large clusters of servers (both physical and virtual/in the cloud). This increase in automation will occur across all Teradata Everywhere deployments, dramatically reducing build and delivery times for complex business analytics solutions and adding the capability to manage software-only “appliances” across hybrid cloud infrastructure.

The company said the speed of it’s new integrated solution also allows for rapid re-provisioning of internal test or benchmarking hardware, as well as swift redeployment between technologies to match a customer’s changing workload requirements.

“Joining Teradata, the market leader in analytic data solutions, truly validates the importance of StackIQ’s engineering and the talent we have cultivated over the years,” said Tim McIntire, Co-Founder at StackIQ. “

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AI Startup Halli Labs Becomes First Indian Acquisition For Google

HALLI labs

Four month old startup, Halli labs, which works in the area of Artificial Intelligence (AI) and Machine Learning (MI) has been acquired by Global internet giant Google. It is Google’s first acquisition in India.

Halli Labs, wrote in their blog “Today, we are thrilled to share the news that the Halli Labs team is joining Google. As we wrote in our introductory blog post, Halli Labs was founded with the goal of applying modern AI and ML techniques to old problems and domains — in order to help technology enable people to do whatever it is that they want to do, easier and better. Well, what better place than Google to help us achieve this goal. We will be joining Google’s Next Billion Users team to help get more technology and information into more people’s hands around the world”.
It did not disclose the value of the deal. Halli (village in Kannada) Labs was founded by Pankaj Gupta four months ago soon after he left the now-defunct local Airbnb rival Stayzilla. Gupta has a PhD in Computer Science from Stanford University.

“Welcome @Pankaj and the team at @halli_labs to Google. Looking forward to building some cool stuff together,” said Caesar Sengupta, vice-president, product management, Google.

India has emerged as one of the biggest markets for internet companies such as Google, Facebook and Apple for talent as well as business. The increasing number of start-ups, built by former employees of these and other multinational firms, has helped focus on building products that solve problems of consumers, both in India and abroad.

In the past many startups have been acquired by companies like Facebook, Twitter and Apple. While Facebook bought Little Eye Labs, a startup that tracks and optimises the performance of Android-based mobile apps in January 2014, Twitter acquired another Bengaluru-based startup ZipDial, which built a business through India’s habit of missed calls to connect with others. In 2016, Apple acquired Hyderabad-based AI start-up Tuplejump.

AI and MI are touted as the next big thing in the IT and Telecom space, the next version of Android is going to feature several AI enabled features and similarly action is hotting up in Autonomous car space which uses these two technologies extensively.

 

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M&A

Microsoft Acquires Israeli Cloud Firm Cloudyn

microsoft-cloudyn_acquisition

Microsoft has announced that it will acquire Israel-based cloud management company Cloudyn and the company has signed a definitive agreement regarding this.

This was announced in the company’s official blog by Jeremy Winter.

“This acquisition fits squarely into our commitment to empower customers with the tools they need to govern their cloud adoption and realize the strategic benefits of a global, trusted, intelligent cloud,” said Jeremy Winter, Director of Program Management, Microsoft Azure Security and Operations Management.

Cloudyn facilitates its customers with software programmed tools that help to identify, measure and analyze consumption on a regular basis, enable accountability and forecast future cloud spending.

As a Microsoft partner, Cloudyn has supported cost management for Microsoft Azure and other public clouds, helping customers continuously improve their cloud efficiency. Its customers have been able to optimize their cloud services usage and costs through automated monitoring, analytics and cost allocation.

Since working with Cloudyn, one U.S.-based Fortune 500 customer has seen a 286 percent return on investment (ROI) with regard to their cloud efficiencies, demonstrating Cloudyn’s ability to help customers accelerate their cloud adoption. Cloudyn capabilities will be incorporated into our product portfolio that offers customers the industry’s broadest set of cloud management, security and governance solutions, the blog mentions.

The blog, however, does not talk about the value of the deal. The acquisition awaits regulatory approval at present.

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M&A

Airtel Secures CCI Nod For Telenor Acquisition

airtel-telenor-acquisition

Country’s largest telecom operator Bharti Airtel today said it has secured approvals from the competition commission of India (CCI) for its proposed acquisition of Telenor

The Telenor acquisition was announced in February this year.

“Competition Commission of India (CCI) vide its letter 5 June 2017 has approved the proposed merger of Telenor (India) Communications Private Limited with Bharti Airtel Limited,” Airtel said in a filing to the BSE India, formerly Bombay Stock Exchange.

In February, when the Telenor acquisition was announced, Airtel had said the deal will be closed in next 12 months. The scheme seems to be in track.

Last week the company had announced to have secured approvals from SEBI and Stock Exchanges for its proposed acquisition of Telenor India.

Because Airtel is a listed company in India, it was mandatory for the telco to get the nod from the exchanges. Now, both National Stock Exchange (NSE) and BSE Limited, earlier Bombay Stock Exchange, have given their approval for the merger besides the Securities and Exchange Board of India (SEBI).

Besides, Bharti Airtel today said that Telenor India and Airtel have today filed the joint company application before the New Delhi Bench of the National Company Law Tribunal for approval of the proposed Scheme of merger.

Both the companies also need approvals including from the Competition Commission of India.

As part of the agreement, Airtel will acquire Telenor India’s running operations in seven circles – Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These circles represent a high population concentration and therefore offer a high potential for growth.

The proposed acquisition will include transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its strong spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band. Airtel will ensure quality services to Telenor India’s customers, while offering them the added benefits of its innovative product portfolio, access to superior voice & data services, mobile banking, VAS and domestic/ international roaming facilities. Telenor India’s operations and services will continue as normal until the completion of the transaction.

After Telenor Acquisition, Bharti Airtel had also announced to acquire Tikona Wireless in March this year.

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Airtel Gets SEBI And Stock Exchange Nod For Telenor Acquisition

airtel-telenor-acquisition

Country’s largest telecom operator Bharti Airtel today said it has secured approvals from SEBI and Stock Exchanges for its proposed acquisition of Telenor India.

The Telenor acquisition was announced in February this year.

Because Airtel is a listed company in India, it was mandatory for the telco to get the nod from the exchanges. Now, both National Stock Exchange (NSE) and BSE Limited, earlier Bombay Stock Exchange, have given their approval for the merger besides the Securities and Exchange Board of India (SEBI).

Besides, Bharti Airtel today said that Telenor India and Airtel have today filed the joint company application before the New Delhi Bench of the National Company Law Tribunal for approval of the proposed Scheme of merger.

Both the companies also need approvals including from the Competition Commission of India.

In February, when the Telenor acquisition was announced, Airtel had said the deal will be closed in next 12 months. The scheme seems to be in track.

As part of the agreement, Airtel will acquire Telenor India’s running operations in seven circles – Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam. These circles represent a high population concentration and therefore offer a high potential for growth.

The proposed acquisition will include transfer of all of Telenor India’s assets and customers, further augmenting Airtel’s overall customer base and network. It will also enable Airtel to further bolster its strong spectrum foot-print in these seven circles, with the addition of 43.4 MHz spectrum in the 1800 MHz band. Airtel will ensure quality services to Telenor India’s customers, while offering them the added benefits of its innovative product portfolio, access to superior voice & data services, mobile banking, VAS and domestic/ international roaming facilities. Telenor India’s operations and services will continue as normal until the completion of the transaction.

After Telenor Acquisition, Bharti Airtel had also announced to acquire Tikona Wireless in March this year.

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M&A

Red Hat To Acquire Cloud Platform Firm Codenvy

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Open source solutions firm Red Hat is acquiring Codenvy, a provider of cloud-native development tools that enable developers to more easily create modern container-based and cloud-native applications.

By adding Codenvy to its existing portfolio of developer tools and application platforms, including Red Hat JBoss Middleware and Red Hat OpenShift, Red Hat continues its efforts to provide solutions that enable developers to create applications for hybrid cloud environments. Red Hat plans to make Codenvy an integral part of OpenShift.io, Red Hat’s recently announced hosted development environment for building hybrid cloud services on OpenShift.

Historically, software engineers have spent more time each week on administration and other tasks, including environment management, than actual coding. And often, developers can find themselves working on multiple projects concurrently, but in different programming languages. As more IT organizations move to continuous delivery with DevOps and containers to speed the delivery of modern, cloud-native applications, developers have turned to new tools like Codenvy that can enable development teams to build complex applications faster with fewer inconsistencies across environments.

Codenvy, founded in 2013, is the first enterprise offering based on Eclipse Che, the popular open source cloud integrated development environment (IDE) and developer workspace server. Codenvy combines runtimes, projects and an IDE into a cloud-native developer tool that allows multiple developers to collaborate in the same workspace. Codenvy’s portable universal workspaces and cloud IDE address the configuration and sharing challenges created by localhost developer workspaces to allow contributions to a project without having to install software.

Codenvy runs in lightweight Linux containers, enabling instant startup and offering elastic scalability for building and running millions of workspaces. Codenvy’s containerized workspaces are easily accessible via a browser without creating, maintaining and managing development environments.

Codenvy and Red Hat have already been working together to help developers accelerate cloud-native application development. Last year, Codenvy, Red Hat and Microsoft announced a collaborative effort to provide a common way to integrate programming languages across code editors and IDEs. The protocol was aimed at extending developer flexibility and productivity by enabling a rich editing experience within a variety of tools for different programming languages.

In 2016, Red Hat also joined the Eclipse Che community, adding contributors and committers focused on improvements around workspace runtimes, supporting orchestration and composition formats for workspaces and improving the edit / build / test lifecycle of container images from within the IDE. And, Codenvy is already embedded in Red Hat OpenShift, Red Hat’s award-winning container application platform, to make developing, debugging and deploying apps simple.

Now, with Codenvy as part of its Developer portfolio, Red Hat plans to make Eclipse Che and the Codenvy enhancements central to its tooling strategy and extend and integrate the workspace management technology across tools and platforms.

OpenShift.io, which includes Eclipse Che, delivers application development tools and environments needed to help organizations maintain relevancy in a digitally transforming marketplace. OpenShift.io is designed to enable development teams, whether in the same building or across the globe, to more effectively collaborate and create containerized, microservices-based solutions, deployed to hybrid cloud environments.

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M&A

Cisco Acquires Artificial Intelligence Firm MindMeld For $125 Mn

cisco-vs-arista-conflict

This will strengthen the company’s new conversational interfaces for collaboration suite

Cisco has announced that it will acquire San Francisco based artificial intelligence firm MindMeld for $125 million. The transaction will be done in cash as well as equity and is expected to be closed by fourth quarter of the current fiscal.

MindMeld has developed a unique AI platform that enables customers to build intelligent and human-like conversational interfaces for any application or device. Through its proprietary machine learning (ML) technology, MindMeld delivers accuracy to help users interact with voice and chat assistants in a more natural way.

“The workplace of the future is one powered by AI,” said Rowan Trollope, senior vice president, Cisco IoT and Applications Group. “This is a significant step toward making that workplace a reality. Integrating MindMeld into the Cisco Spark platform will transform how users interact in Cisco Spark Spaces, Cisco Spark Meetings, and Cisco Spark Care.”

With ten patent assets to its name, MindMeld brings industry-coveted AI, software and engineering talent and expertise to further the evolution of Cisco’s collaboration suite. The MindMeld team will join the Cloud Collaboration group under the leadership of Jens Meggers, senior vice president and general manager, as the Cognitive Collaboration team.

Cisco has been using artificial intelligence (AI) and machine learning (ML) technology in various of its product portfolio including Stealthwatch, Cisco Spark Board, and Cisco Spark Room Kit and features like SpeakerTrack and VoiceTrack across our video portfolio.

As chat and voice quickly become the interfaces of choice, MindMeld’s AI technology will enable Cisco to deliver unique experiences throughout its portfolio, starting with collaboration. This acquisition will power new conversational interfaces for Cisco’s collaboration products, revolutionizing how users will interact with our technology, increasing ease of use, and enabling new cognitive capabilities. For example, users will be able to interact with Cisco Spark via natural language commands, providing an experience that is highly customized to the user and their work. Together, Cisco and MindMeld can bring voice AI to meeting rooms throughout the world, where Cisco’s near-ubiquitous presence of video and telephony hardware will help increase adoption of AI technology across the workplace.

This story is first published in M2MCafe.

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M&A

Siemens To Acquire Transportation Firm HaCon

siemens_hacon

Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017. HaCon is a leading international provider of planning, scheduling and information systems for public transportation, mobility and logistics.

Financial details of the transaction were not disclosed.

The company has been a successful player in the mobility business for 30 years. Trip planning software from HaCon is used in more than 25 countries and comprises the center piece of the travel information systems in operation at more than 100 transport companies and associations.

“The acquisition of HaCon will enable us to enter a completely new business area that complements our current portfolio, expanding it to include timetable scheduling as well as trip planning by passengers,” said Jochen Eickholt, CEO of Siemens’ Mobility Division. “With this move, we’re rigorously implementing our digitalization strategy and opening up new growth opportunities for our company along our customers’ value chain,” he added.

“Together with a strong partner like Siemens AG, we’ll be even better equipped to drive the mobility software business, particularly in the global market,” said Michael Frankenberg, CEO of HaCon.

Siemens is already a leading rail automation provider, offering systems up to and including complete driverless operation. A leader in road mobility solutions as well, Siemens plans to expand its intermodal digital offerings with the acquisition of HaCon.

Together with HaCon, Siemens will be able to serve rail infrastructure operators and public transportation companies as a single-source supplier of innovative software solutions for train and route planning, timetable information systems, cutting-edge payment systems and intermodal mobility platforms. In addition, apps for use on passengers’ mobile devices will enhance trip planning, transparency and thus acceptance.

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