Corporate

Corporate news, corporate developments and various announcements by corporates. Under this we also bring you regulatory developments of corporates and track their financial results including the quarterly as well as annual results. Besides, hiring and appointments by various corporates and enterprises are also featured in this section.

BMC the global leader in software solutions for IT

RAH Infotech, BMC Announce Strategic Partnership

May 26, 2020 at 4:10 pm 0 comments

As a national distributor, RAH Infotech will offer BMC’s entire suite of solutions including SaaS-based and on-premise solutions for cloud computing, automation, service assurance and pre-emptive data analytics New Delhi based technology distributor RAH Infotech has added one more OEM – BMC BMC, a global leader in IT solutions forRead More

ONMOBILE Acquires 25% Stake in AI Firm ROB0

ONMOBILE Acquires 25% Stake in AI Firm ROB0

May 25, 2020 at 1:06 pm 0 comments

OnMobile has acquired a 25% equity stake in rob0, an AI-powered visual retention analytics service created by and for video game developers, through its subsidiary Onmobile Global Solutions Canada Ltd, in exchange for an investment of CAD 1,000,000. This transaction will allow rob0 to accelerate its growth as the mostRead More

Facebook Buys 9.9% Stake In Jio Platforms For Rs 43,574 Crore

Facebook Buys 9.9% Stake In Jio Platforms For Rs 43,574 Crore

April 22, 2020 at 5:08 pm 0 comments

While the whole world is staring at a hitherto unseen economic crisis because of Covid-19 pandemic, India’s richest man Mukesh Ambani sells of little less than 10% stake in its 5-year old startup, Jio Platforms, for Rs 43,574 crore to Facebook. This investment by Facebook values Jio Platforms at ₹Read More

Verizon To Acquire Video Conferencing Firm BlueJeans

Verizon To Acquire Video Conferencing Firm BlueJeans

April 16, 2020 at 8:15 pm 0 comments

Verizon Business today announced that it has entered into a definitive agreement to acquire BlueJeans Network, an enterprise-grade video conferencing and event platform. The acquisition expands Verizon’s immersive unified communications portfolio. BlueJeans’ cloud-based video service currently serves a wide variety of business segments from small organizations to some of the world’sRead More

Ericsson Acquires Push-to-talk Firm Genakar

Ericsson Acquires Push-to-talk Firm Genakar

March 12, 2020 at 4:54 pm 0 comments

Ericsson Thursday said it has signed an agreement to acquire 100 percent of the shares in Genaker, a provider of Mission Critical Push-to-talk (MC-PTT) solutions, based in Barcelona, Spain. The acquisition strengthens Ericsson’s MC-PTT offering as the mission critical communications and private network market is going through a significant technologyRead More

Airtel Acquires Stake In Digital Fitness Firm Spectacom

Airtel Acquires Stake In Digital Fitness Firm Spectacom

March 12, 2020 at 1:52 pm 0 comments

Airtel Thursday announced that it has acquired a strategic stake in digital fitness content platform Spectacom. This is done under Airtel Start-up Accelerator Program, which focuses on supporting growth of early stage Indian start-ups. Spectacom, which has been conceptualised to produce path breaking digital content that allows people across languages, geographies andRead More

Nokia Acquires Silicon Photonics Firm Elenion Technologies

Nokia Acquires Silicon Photonics Firm Elenion Technologies

February 20, 2020 at 3:43 pm 0 comments

Nokia has announced hat it is planning to acquire Elenion Technologies, a U.S.-based company focusing on silicon photonics technology. The financial details, however, are not disclosed. Elenion’s technology expertise and unique design platform and services enable Nokia to expand its market footprint by addressing the critical and rapidly evolving opticalRead More

Insight Partners Acquires Veeam For $5 Bn

Insight Partners Acquires Veeam For $5 Bn

January 10, 2020 at 10:45 am 0 comments

Veeam Software, an expert in the field of cloud data management solutions, has been acquired by Insight Partners, for $5 billion. Under the ownership of Insight Partners, Veeam will become a U.S. company, with a U.S.-based leadership team. The company is currently headquartered in Baar, Switzerland with operations in overRead More

Spyder Facilities Acquired by Digital Colony

Spyder Facilities Acquired by Digital Colony

June 18, 2019 at 9:35 am 0 comments

Digital Colony, a global investment firm dedicated to strategic opportunities in digital infrastructure, today announced further growth of its UK platform through the acquisition of Spyder Facilities Limited, a leading UK wireless infrastructure company with over 5,000 locations available for wireless transmission technologies including the latest 5G rollout. Financial termsRead More

Dassault Systems Acquires Medidata For $5.8 Bn

Dassault Systems Acquires Medidata For $5.8 Bn

June 12, 2019 at 2:18 pm 0 comments

French technology major Dassault Systèmes is acquiring Medidata Solutions, an expert in digital transformation of the Life Sciences industry, for $5.8 billion in an all cash deal at $92.25 per share. The transaction was unanimously approved by the Boards of Directors of both companies and is expected to complete inRead More