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Tag: acquisition (page 1 of 1)

Twitter had talked to acquire ShareChat, Moj

Twitter had talked to acquire ShareChat in order to expand India presence. The American firm is an investor in ShareChat, and offered $1.1 bn in and an additional investment of $900mn for the buyout. Twitter had deliberated to take Moj, a short-form video app with 80mn users, owned by ShareChat, to present it as a global rival to TikTok. ShareChat has raised $260 mn from Lightspeed Partners India, Elevation Capital, India Quotient etc.

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Anarock Group acquires apartment management platform ApnaComplex

Real estate services firm Anarock has acquired a proptech entity NestAway’s society and apartment management platform, ApnaComplex for an undisclosed sum. Goldman Sachs, Tiger Global, UC-RNT Fund, IDG India, Chiratae Ventures and InnoVen Capital have exited the entity. ApnaComplex manages 6 lakh households across 80 Indian cities. It has modules for accounting, security, gate management, community engagement, facility management, etc.

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Cisco to acquire Acacia for $ 4 bn

Cisco had agreed to acquire Acacia, a component supplier and maker of high-speed optical interconnect technology for networking systems for $115 per share in cash or approx $4.5 bn to offer its customer world-class coherent optical solutions to power the Internet for the future. The acquisition would be completed by March 2021. Cisco, in July 2019, offered to acquire Acacia for $70 a share or $2.6 bn.

LG acquires more than 50% stake in Alphonso for $80 mn

LG Electronics had acquired more than 50% stake in US-based TV data analysis startup Alphonso for $80 mn. It aims to boost its software and service capabilities in the TV business to offer enhanced and customised services particularly to its North American customers by utilising Alphonso’s data, TV ad analytics and AI capabilities. Alphonso had shipped 90% smart TVs through which users could enjoy video content with an internet connection.

Atos bids $10 bn to buy DXC Technology: Reports

France’s Atos had made a more than $10 bn takeover approach for New York-listed rival DXC Technology to boost its presence in the US and have access to a wide range of clients, B2B products, analytics, cloud apps, IT outsourcing services and lead to synergies and cost savings. The French firm led by CEO Elie Girard, had recently bought cybersecurity, AI and digital consultancy firms to grow its revenues by 5% to 7% in the mid-term.

HCL completes acquisition of Australian IT firm DWS

HCL Technologies had announced to acquire DWS last year in Sept and hence completed the acquisition on Jan 5, 2021. This would strengthen HCL’s position in the Australian and New Zealand market. DWS provides a wide range of IT services including digital transformation, application development and support, program and project management and consulting. HCL employees 1600 people in major cities, including Canberra, Sydney, Melbourne, Brisbane and Perth.

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VMware to cut off Lastline’s 40% workforce after acquisition

After acquiring firms like Nyansa and Octarine, VMware is now going to acquire another network security firm, Lastline. Deal between the two is expected to close by July and as a part of it, VMware is planning to lay-off Lastline’s 50 employees. While this acquisition will enable VMware for secure cloud deployment, it will allow Lastline to bring wider range of security solutions to the market.

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Intel acquires NIC maker rival Rivet Networks

Intel has acquired Killer-Branded NIC (network interface card) maker, Rivet Networks. With minimal latency, Killer’s products offer excellent gaming experience and this acquisition will exponentially enrich the network sector. Rivet has been a competitor to Intel in the NIC space for the past 10 years. Now Intel can capitalise on the gaming market. The two firms earlier collaborated a few years ago to develop the Killer Wireless-AC 1550 NIC.

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Zoom acquires encryption service Keybase to resolve security issues

Zoom has acquired Keybase, encryption and digital security service provider company, as a part of its 90-day plan to resolve security and privacy issues. Keybase, launched in 2014, specialises in securing message and file-sharing tech. It maps a user’s online identities to encryption keys to verify the identity of an account holder. It is, however, still not known how Zoom will use Keybase’s tech.

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