M&A

Orange Acquires Cloud Firm Basefarm Holding For 350 Mn Euros

Orange Acquires Cloud Firm Basefarm Holding For 350 Mn Euros

July 17, 2018 at 1:17 pm 0 comments

Orange, one of the world’s largest telecom service providers, has acquired Basefarm Holding, one of the major cloud infrastructure and services provider in Europe for 350 million Euros. This acquisition will position Orange among the leading enterprise cloud services provider in European markets. Basefarm is a leading European player inRead More

Broadcom To Buy CA Technologies For $18.9 Bn

Broadcom To Buy CA Technologies For $18.9 Bn

July 13, 2018 at 9:13 am 0 comments

US based semiconductor firm Broadcom has announced to acquire leading software solutions firm CA Technologies for $18.9 billion. The transaction is expected to close in the last quarter of 2018. Broadcom said it is acquiring CA to build “one of the world’s leading infrastructure technology companies.” This is the firstRead More

Ericsson To Sell Off Its Sweden Managed Services Unit To Transtema

Ericsson To Sell Off Its Sweden Managed Services Unit To Transtema

July 11, 2018 at 12:44 pm 0 comments

Ericsson is in the process of selling off its field services business unit in Sweden to Transtema Group, a local firm operating in similar domain. Ericsson’s field services business, Ericsson Local Services AB or LSS, offers managed services operations and maintenance of fixed and mobile networks in Sweden. This businessRead More

Reliance Industries Acquires Radisys To Drive Jio’s IoT Business

Reliance Industries Acquires Radisys To Drive Jio’s IoT Business

June 30, 2018 at 11:47 am 0 comments

Reliance Industries, the parent company of Reliance Jio, is acquiring the US based technology firm Radisys which develop solutions around networking, 5G and IoT. The acquisition will help Jio expand its IoT portfolio, for both consumers as well as for enterprises. “This acquisition further accelerates Jio’s global innovation and technologyRead More

Hero Electronix Acquires Zenatix; Targets Rs 1000 Cr revenue From IoT Business By 2022

Hero Electronix Acquires Zenatix; Targets Rs 1000 Cr revenue From IoT Business By 2022

May 30, 2018 at 8:55 am 0 comments

Hero Electronix, a Hero Group company, has acquired Gurgaon-based Zenatix, an enterprise focused internet-of-things (IoT) solutions company. The details of the financial transaction in the deal are not available at this time. With this acquisition the hero Group firm formally announced its entry to IoT business. The company is targeting toRead More

Airtel’s Telenor Acquisition Completes, Subscriber Base Crosses 330 Mn

Airtel’s Telenor Acquisition Completes, Subscriber Base Crosses 330 Mn

May 15, 2018 at 9:21 am 0 comments

The department of telecommunication has given its approval to Airtel’s acquisition of Telenor India. This approval came barely within a week of the apex court quashing DoT petition of seeking a security deposit of Rs 1700 crore from the parties involved. In February last year, Airtel had announced the acquisitionRead More

Nokia Acquires Machine Learning Firm SpaceTime Insight

Nokia Acquires Machine Learning Firm SpaceTime Insight

May 7, 2018 at 4:42 pm 0 comments

Nokia has acquired California based IoT startup SpaceTime Insight to expand its Internet of Things (IoT) portfolio and IoT analytics capabilities. This will help Nokia accelerate the development of new IoT applications for key vertical markets. Based in San Mateo, California, with offices in the U.S., Canada, U.K., India andRead More

Cisco Sells Off Service Provider Video Business To Permira

Cisco Sells Off Service Provider Video Business To Permira

May 2, 2018 at 4:32 pm 0 comments

Global private equity firm Permira is acquiring Cisco’s Service Provider Video Software Solutions (SPVSS) business. Both the firms have recently signed an agreement on this and announced that once the transaction is closed, the Permira Funds will create a new company for this business. The new company will be focusedRead More

Cisco To Acquire AI Firm Accompany For $270 Million

Cisco To Acquire AI Firm Accompany For $270 Million

May 2, 2018 at 10:52 am 0 comments

Cisco is acquiring Accompany, a California based AI driven firm, for $270 million. The firm offers AI-driven relationship intelligence platform for finding new prospects, navigating the selling process, and strengthening relationships. The acquired firm will be integrated in to Cisco collaboration platform and the founder and CEO of Accompany – AmyRead More

Oracle Acquires Education Financing Firm Vocado

Oracle Acquires Education Financing Firm Vocado

May 1, 2018 at 9:06 am 0 comments

Oracle Monday said it has acquired Vocado, a California based firm that offers student-centric, cloud-based financial aid solution for higher education institutions. Post acquisition, Vocado will be integrated with Oracle Student Cloud platform, the software major said in a statement. Vocado works with thousands of financial aid sources to optimizeRead More