Business, News

Dealwire – L&T Infotech to Acquire AugmentIQ for Rs 7Cr & 5 Other Deals


L&T Corporation, Navi Mumbai Center

Dealwire is your dose of notable M&A and partnership deals in business and technology space. Firms covered in this segment include L&T Infotech, AugmentIQ, IBM, Sanovi, Qualcomm, NXP Semiconductors, Scandid, Snabar, Google, Eyefluence, Wipro & Appirio.

L&T Infotech to Acquire Analytics Firm AugmentIQ for Rs 7Cr

Larsen & Toubro Infotech is acquiring Pune-based data analytics startup AugmentIQ, in an all cash deal worth Rs 7 crore. The deal is aimed at L&T including AugmentIQ’s big data analytics platform MAXIQ among its own solutions for enterprises. AugmentIQ was founded in November 2012 by Sachin Vyas. Read More

IBM Acquires Cloud Services Firm Sanovi

IBM has announced that it’s acquiring Bangalore-based cloud solutions firm – Sanovi Technologies. The financial details of the deal remain undisclosed, it is expected to get completed by end of 2016. Sanovi was founded by Chandra Sekhar Pulamarasetti in 2003. It has clients worldwide. Read More

Qualcomm to Buy NXP Semiconductors for $47B in Cash

Chipset maker Qualcomm is acquiring Netherlands-based NXP Semiconductors for $47 billion in an all-cash deal. NXP has over 25,000 customers globally, including in India where it has a development centre as well. The combined entity aims to generate over $30 billion in annual revenues in 2020. NXP was founded in 2009, with Richard L. Clemmer being the CEO since. Read More

Scandid Acqui-hires Hyperlocal Commerce Platform Snabar

Pune-based price comparison app startup, Scandid, has acquired hyperlocal O2O commerce platform, Snabar. The details of the deal haven’t been disclosed. Snabar was founded in June 2016 by Onkar Bhagwat. Scandid was founded in 2013 by Sushil Choudhari and Bhaskar Thakur. Read More

Google Buys Eye Interaction Tech Firm Eyefluence

Google has added another tech startup to its list of acquisitions, this time it’s AR-VR tech firm Eyefluence. The company is working on technology that enables eye movements to control digital screens. The financial details of the deal haven’t been disclosed. Eyefluence was founded in 2013 by Jim Marggraff, and had raised $21.6 million to date. Read More

Wipro Acquires Cloud Services Firm Appirio for $500M

Wipro has acquired US-based cloud services company Appirio, in a deal worth $500 million. The deal is expected to close by the end of 2016, and Appirio’s brand name would be maintained. The company offers cloud management centre for analytics, and consultations to enterprises. Read More

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