Category: Recent news

Google in discussions to acquire social media startup ShareChat

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googlesharechat

Google is reportedly holding preliminary talks with Bengaluru-headquartered social media startup ShareChat for a likely acquisition at an estimated valuation of around $1.03 billion. According to a report in The Economic Times, both ShareChat and Google have signed a non-binding proposal and appointed investment bankers to take the talks forward. Google has already begun conducting the due diligence of the startup. The startup had last raised $40 million in a pre-series E round at a valuation of $650 million. For the $264 million it has raised so far, Sharechat has…

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STChealth Partners With 1Health.io to Provide COVID-19 Saliva Tests

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stchealth

STChealth, the leading data exchange network for health systems used across the U.S. and internationally, announced it has partnered with 1Health.io, the leading technology company that provides precision testing as a service, to provide saliva-based COVID-19 tests as part of its strategic alliance providing a national comprehensive return-to-work program for employers. STChealth, Bridge Purchasing Solutions, Newmark Knight Frank and CuraLinc Healthcare recently formed The Strategic Actions for Employers (SAFE) Program to empower organizations to create a culture that protects employees and enables them to do their best work in the…

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HCL Technologies to acquire Australian DWS

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hcl

HCL Technologies on Monday said it will acquire Australian IT solutions firm DWS Ltd, a move that will help the Indian company strengthen its position in the Australia and New Zealand market. In a regulatory filing, HCL Technologies said the total equity value pay-out will be 158.2 million Australian dollars after considering a total number of shares at 131.83 million on a fully diluted basis. The shareholders of DWS will also get a dividend of 0.03 Australian dollars per share which was declared by the company in its recent announcement…

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Infosys to acquire European consultancy firm GuideVision

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infosys

IT major Infosys has signed a definitive agreement to acquire European consultancy firm GuideVision for up to 30 million euros including earn-out and bonuses. GuideVision’s training academy and near shore capabilities in Czech Republic, Hungary, Poland, and presence in Germany and Finland will strengthen Infosys’ ServiceNow capabilities for its clients in Europe. Ravi Kumar, President, and Infosys said, “This acquisition is an important milestone in our journey to build capabilities relevant to the digital priorities of our clients. This move reaffirms our commitment to the growing ServiceNow ecosystem.” ServiceNow is…

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TPT South Africa associates with TCS for logistics supply chain revolution

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tpt

Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, announced that it has partnered with Transnet Port Terminals (TPT) in South Africa, part of Transnet SOC Ltd, a state-owned freight transport and handling company. The partnership will help TPT in developing an integrated online marketplace platform by bringing together cargo owners, shipping lines, clearing and forwarding agents, and road/rail haulers, according to the press statement. TPT saw an opportunity to simplify the South African logistics market by creating a connected portal that would provide comprehensive logistics…

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TechEagle partners with Ethiopian firm to deliver healthcare products

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techeagle

Gurugram-based drone delivery startup TechEagle has partnered with Ethiopian ecommerce marketplace Addis Mercato to deliver healthcare products and essentials using drones in the African nation’s urban and suburban areas. The partnership is the first commercial drone delivery service in Ethiopia, the companies said, and the inaugural test flights are likely to be conducted within the next three months. The drones will have the capability of vertical take-off and landing and will be deployed in Zone 5 of Ethiopia’s capital Addis Ababa. The initial route being considered will be 14 kilometres…

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Cognizant Acquires 10th Magnitude

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cognizant

Cognizant announced it has entered into an agreement to acquire Chicago-based 10th Magnitude, a leading cloud specialist focused exclusively on the Microsoft Azure cloud computing platform. The acquisition will expand the Microsoft Azure expertise within Cognizant’s new Microsoft Business Group, adding development and managed services hubs in major cities throughout the U.S. 10th Magnitude will be Cognizant’s sixth cloud-related acquisition in 2020, highlighting Cognizant’s continued acceleration and execution of its cloud strategy. 10th Magnitude – a Microsoft Gold partner with 150 employees – is one of just 70 certified Azure…

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Malaysian fintech firm JurisTech acquires financial comparison site iMoney

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bigcommerce

Malaysia-based fintech company JurisTech today announced that it has acquired personal finance company iMoney for an undisclosed amount. JurisTech specializes in enterprise-level software solutions for banks, financial institutions, insurance providers, and telecommunications companies in Malaysia, Southeast Asia, and beyond. Meanwhile, iMoney provides a platform for consumers to learn about personal finance matters and to compare and apply for financial and utility products. Following the acquisition, the two businesses envision building a platform to offer solutions for both business-to-business and business-to-consumer partners in the finance and banking industry, said Wai Hun…

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BigCommerce Teams Up with Facebook to Unlock Checkout on Instagram

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bigcommerce

BigCommerce a leading open SaaS ecommerce platform for fast-growing and established brands, today announced the availability of checkout on Instagram for eligible US merchants. BigCommerce merchants can be among the first to adopt the new feature, which provides shoppers an intuitive, seamless and secure way to purchase products they discover on Instagram in a few clicks, without leaving the app. This partnership gives customers the ability to buy from their favorite brands directly on Instagram. In contrast to navigating to a brand’s website to make a purchase. Then can the…

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SHARP Introduces World’s First 4K Ultra HD ‘Windows Collaboration Display’

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sharp

SHARP Business Systems has launched the world’s first Windows Collaboration Display. It offers the best in class environment for business meetings with better space utilization and more productive collaboration with minimal setup. Windows Collaboration Display PN-CD701 is specially designed keeping in mind the office and remote working requirements of the large corporates. Shinji Minatogawa, Managing Director SHARP Business Systems (India) Pvt. Ltd, said Sharp has always been renowned for its dedication to constantly developing innovative technologies to support the evolving needs of its customers. Besides offering improved technology and the…

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