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Salesforce.com signs Definitive Agreement to acquire Heroku
Salesforce.com has announced that it has entered into a definitive agreement to acquire Heroku, the cloud application platform for writing Ruby-b…
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Spice acquires NewTel Corporation
Spice i2i Limited, Southeast Asia's premier mobile internet company, mobile handset distributor and IP communication solutions provider of voice,…
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Foxconn to increase investments in China subsidiaries
Foxconn Electronics (Hon Hai Precision Industry) has announced that it will invest an additional US$349 million in its component manufacturing su…
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Foxconn signs MOUs with Silicon Valley firms
Aiming to integrate Silicon Valley's innovation capabilities with Foxconn's product R&D and manufacturing strength, Foxconn (Hon Hai Precision In…
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PricewaterhouseCoopers To Double Headcount
PricewaterhouseCoopers (PwC) is strengthening its audit and other business practices and plans to invest $100 million over the next three years a…
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Maran May Chair Spicejet
Kalanithi Maran, SUN TV Group promoter is likely to take over as chairman of SpiceJet. Official confirmation is expected to come in the board mee…
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Prism acquires IMT
Prism Informatics has acquired 51% stake in Saudi Arabia-based Information Management Technologies (IMT), a unit of Al-Suwaidi. IMT is in the bus…
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VenSat to form as VenSat America
IndoUS Venture Partners has invested in Hyderabad-based animation firm VenSat Tech Services. The firm, set up by former Satyam BPO employees, pro…
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Salesforce to take over Dimdim
According to sources, Salesforce.com is close to acquirjng Dimdim. Salesforce people have already moved into Dimdim's development centre in Hyder…
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Oracle to acquire ATG
Through a cash merger for $6.00 per share, or approximately $1.0 billion, Oracle has agreed to acquire Art Technology Group. The transaction is s…
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Betul invests in Sanovi Technology
To expand the sales presence of DRM product in the market and increase its R&D activities, Sanovi Technologies India has received investments fro…
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Wipro Considers Listing on Tokyo Stock Exchange
Wipro Ltd, India's leading information technology services firm, is aiming to list on Tokyo Stock Exchange (TSE) in Japan, the world's second lar…
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Satish Mandhana Set to become IDFC PE Head
IDFC Private Equity has elevated Satish Mandhana, a Managing Director, to the head of one of the country's largest alternative asset management f…
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Partnering with Matrix, VerSe Innovation raised Rs.20 crore, last year
According to sources, OnMobile Global has sold 8% of its 35% stake in VerSe Innovation for about Rs.10 crore. VerSe Innovation has raised Rs.20 c…
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Qualcomm to sell Indian BWA Business
The broadband wireless spectrum (BWA) winner, Qualcomm, is exiting the business. The company had won the spectrum for four circles at Rs.4,912 cr…
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British Telecom to sell Tech Mahindra Stake in Market
BT Group may reduce its 30% stake in India’s Tech Mahindra by selling shares through the stock market. The company may also seek to sell ab…
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Barclays and HDFC get back into the company
Blackstone-controlled outsourcing player, Intelenet Global services is selling a 12.75% stake to British banking major Barclays Bank, according t…
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