XDuce acquisition of SANS Consulting : Global technology services partner XDuce has acquired a majority stake in New York-based IT staffing services provider SANS Consulting for an undisclosed price. SANS Consulting, which is specialized in banking and financial services, is expected to further bolster XDuce’s presence and ability to offer IT services to clients. Commenting […]
Humach, an agent and technology outsourcer, has acquired Colorado-based InfinitAI, which is engaged in providing purpose-built artificial intelligence (AI) technology and conversational design interface for contact center agent assistance. InfinitAI is expected to fast track Humach’s vision for intelligent contact centers that club together with the strengths of humans and machines for offering enhanced customer […]
Analog Devices (ADI), a US-based Semiconductor manufacturing company, has agreed to acquire Maxim Integrated Products, a manufacturer of analog and mixed-signal integrated circuits, in an all-stock deal worth about $21 billion. Based in California, Maxim Integrated Products caters to the automotive, industrial, consumer, communications, and computing markets with its integrated circuits. On the other hand, […]
Qualcomm Ventures, the investment arm of US semiconductor company Qualcomm, has agreed to acquire a stake of 0.15% in Jio Platforms, the digital services platform of Indian conglomerate Reliance Industries, for INR 7.3 billion ($97 million). The deal represents an equity value of INR4.91 lakh crore and an enterprise value of INR5.16 lakh crore for […]
Taulia, a US fintech company that provides working capital technology solutions, has raised $60 million in a funding round led by the Ping An Global Voyager Fund. Other entities that took part in the funding round include J.P. Morgan, Prosperity7 Ventures, and existing investors such as Zouk Capital, and others. Taulia said that the new […]
Alpine Investors’ portfolio company ASG has acquired Homebot, a mortgage lending and real estate software solution, for an undisclosed price. Homebot’s software solution is said to maximize repeat business for lenders and agents by helping consumers to build wealth via homeownership. The deal marks the 25th acquisition for ASG and the second in the ASG […]
US software company Novetta has acquired Maryland-based WaveStrike, which provides software engineering services, data analytics, and technology solutions to national security customers. Financial terms of the deal were not disclosed. Novetta said that the acquisition of WaveStrike will deepen its capability development expertise for shared customers and generate new growth opportunities for employees. Anne Wagner […]
US fintech company Cleareye.ai has acquired Indian artificial intelligence company AIWare.ai for an undisclosed price. Based in Kerala, AIWare.ai is a technology start-up that has been engaged in transforming large enterprises by enhancing their throughput efficiency by deploying artificial intelligence, cognitive automation, cloud computing, and advanced analytics. The company, which is headquartered in Trivandrum, is […]
Panzura, a California-based cloud file system maker, has been acquired by Profile Capital Management, an investment management firm that makes growth investments in the IT sector. Financial terms of the transaction were not revealed. The computer data storage will utilize the financial resources and extensive business networks offered by Profile Capital Management to speed up […]
Meriplex acquisition of Vergent : Meriplex Communications, a managed IT and SD-WAN solutions provider, has acquired Vergent Communications, a Dallas-based telecommunications company, for an undisclosed price. Founded originally in 1992 as Fluent Systems, Vergent Communications is claimed to be among the top 10 providers of system integration services. The company is said to have expanded its […]