Corporate

Cloud Computing Firm Nutanix Acquires Frame

Cloud Computing Firm Nutanix Acquires Frame

October 4, 2018 at 1:09 pm 0 comments

San Jose, California headquartered cloud computing firm Nutanix has announced the acquisition of Frame, a cloud-based Windows desktop and application delivery firm. With Frame, Nutanix customers will be able to deliver desktops-as-a-service (DaaS) from multiple clouds, combining the consumer-grade simplicity and web-scale design of cloud applications with the functionality ofRead More

Tata Communications Acquires Dutch IoT Firm Teleena

Tata Communications Acquires Dutch IoT Firm Teleena

October 3, 2018 at 1:47 pm 0 comments

Tata Communications hass announced that it is acquiring Teleena, a Netherlands-based Internet of Things (IoT) connectivity specialist and mobile virtual network enabler (MVNE). The company’s technology reduces the operational complexity and cost of mobility and IoT deployments for businesses. Teleena’s solution is a key part of the Tata Communications’ MOVERead More

Adobe to Acquire B2B Marketing Firm Marketo For $4.75 Bn

Adobe to Acquire B2B Marketing Firm Marketo For $4.75 Bn

September 21, 2018 at 1:59 pm 0 comments

Software major Adobe Friday announced to acquire Marketo, a cloud based B2B marketing engagement firm, for $4.75 billion. “The imperative for marketers across all industries is a laser focus on providing relevant, personalized and engaging experiences,” said Brad Rencher, executive vice president and general manager, Digital Experience, Adobe. “The acquisitionRead More

Infosys Pumps In Additional $1.5 Mn In To TidalScale

Infosys Pumps In Additional $1.5 Mn In To TidalScale

September 17, 2018 at 5:15 pm 0 comments

Software behemoth Infosys Monday announced that it has made an additional investment of $1.5 million in TidalScale, a firm that offers software-defined server solutions. The said investment was made through the Infosys Innovation Fund. Infosys has previously invested US$ 1.5 million in the company in 2016 taking the cumulative investmentRead More

Ericsson Acquires CENX To Improve OSS Portfolio

Ericsson Acquires CENX To Improve OSS Portfolio

September 5, 2018 at 10:30 am 0 comments

Ericsson has announced to acquire CENX, an US based software firm, to boost its OSS portfolio and offer better managed services to its customers. The Swedish firm will take over 100% stakes in the firm whose 185 employees will also join Ericsson. Earlier, the telecom gear maker has held aRead More

Vodafone Idea Merger Complete, Creates India’s Largest Operator

Vodafone Idea Merger Complete, Creates India’s Largest Operator

August 31, 2018 at 12:18 pm 0 comments

The over one and half year old merger process between Vodafone and Idea Cellular is finally completed. Both the companies made a joint statement on Friday, 31 August, 2018 as NCLT gives its nod for the Vodafone Idea merger. “Today, we have created India’s leading telecom operator. It is truly aRead More

RCom Sells Media Nodes Worth Rs 2000 Cr To Jio

RCom Sells Media Nodes Worth Rs 2000 Cr To Jio

August 25, 2018 at 11:15 am 0 comments

Reliance Communications or RCom on Friday said it has completed sale of media convergence nodes or MCNs worth Rs 2000 crore to Reliance Jio as part its asset sale plan to the big brother’s telecom firm. “With the successful completion of the MCN monetization transaction, 248 MCNs covering ~5 MillionRead More

Tanla Solutions Acquires Karix Mobile For Rs 340 Crore

Tanla Solutions Acquires Karix Mobile For Rs 340 Crore

August 20, 2018 at 3:27 pm 0 comments

Cloud communication firm Tanla Solutions has acquired Karix Mobile, a mobile based engagement and communication provider, for Rs 340 crore. Karix Mobile was previously known as mGage India Private Limited and it re-branded to the new name in Februrary this year. The Hyderabad born Tanla Solutions will also acquire KarixRead More

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

July 30, 2018 at 6:47 pm 0 comments

Aditya Birla Group owned Idea Cellular today posted a net profit of Rs 257 crore in its first quarter of 2019 after reporting losses in last 6 consecutive quarters. However, this increase of its bottomline is not because of surge in revenue or margins but because of one time saleRead More

While Incumbents Bleed, Reliance Jio Posts 20% Net Profit In Q1

While Incumbents Bleed, Reliance Jio Posts 20% Net Profit In Q1

July 27, 2018 at 6:54 pm 0 comments

Reliance Jio, the newest telecom operator that forced the incumbent telecom operators like Bharti airtel, Vodafone and Idea Cellular, to go red in their balance sheets, however, is reaping the benefits of the competition in the industry. While the incumbents are reporting negative growth and consistent decline in net salesRead More