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IT, ITeS & Communications

Paytm-backed logistics management software provider Loginext Solutions Pvt. Ltd is in advanced talks to acquire India- and US-based field-force management company FieldEZ Technologies Inc. FieldEZ is backed by IvyCap Ventures and Chiratae Ventures, formerly known as IDG Ventures. The two venture capital firms, which had invested in FieldEZ five years ago, are looking for an exit […]

L&T Infotech (LTI) is said to be lining up to acquire VG Siddhartha’s stake in Mindtree. The Larsen & Toubro unit is closing in on a potential deal with serial entrepreneur and Café Coffee Day founder Siddhartha, the single largest shareholder in the Bengaluru-based, mid-tier IT company. https://economictimes.indiatimes.com/tech/ites/lt-infotech-seeks-to-log-on-to-mindtree/articleshow/67617735.cms

Private equity firm Apax Partners has signed a definitive agreement to invest as much as $200 million to become the single largest shareholder in Fractal Analytics, India’s second largest big data firm. The transaction, which consists of a secondary stake acquired from existing shareholders such as Malayasian sovereign investor of Khazanah and T.A. Associates besides […]

M12, Microsoft’s rebranded corporate venture fund, will invest in Indian start-ups. Rashmi Gopinath, partner at M12, will be leading M12’s investments in India. As a part of its India foray, M12 (formerly Microsoft Ventures), announced its investment in Innovaccer, a healthcare start-up. https://www.thehindubusinessline.com/info-tech/microsofts-venture-fund-invests-in-indian-healthcare-start-up-innovaccer/article26005916.ece

Microsoft India announced to set up Artificial Intelligence (AI) labs in 10 universities and train five lakh youth across the country in disrupting technologies. The company also said it will upskill over 10,000 developers over the next three years.  https://www.timesnownews.com/business-economy/companies/article/microsoft-to-set-up-10-artificial-intelligence-labs-train-5-lakh-youth-in-india/348484

An initiative to bring Indian IT companies and Chinese enterprises closer on a single artificial intelligence-enabled platform – SIDCOP – was launched. The Sino-Indian Digital Collaboration Plaza (SIDCOP) is a partnership between the National Association of Software & Services Companies (Nasscom) and municipal governments of Guiyang and Dalian in China. https://economictimes.indiatimes.com/tech/ites/govt-launches-initiative-to-bring-indian-chinese-it-firms-closer-on-single-platform/articleshow/67477212.cms

With the aim of detecting, responding and addressing advanced cyber-attacks and risks encountered by organizations today, EY has collaborated with IBM to launch an advanced Security Operations Centre (SOCs) as part of its Managed Services offerings in India. https://economictimes.indiatimes.com/tech/internet/ey-collaborates-with-ibm-to-launch-security-operations-centre-in-india/articleshow/67456083.cms

Digital transformation firm Kellton Tech has announced winning a multi-year project with dormakaba, which is into developing access control and security solutions, for building a future-ready, cloud-based IoT device connectivity solution. https://economictimes.indiatimes.com/tech/internet/kellton-signs-multi-year-cloud-based-iot-project-with-dormakaba/articleshow/67458061.cms

AGC Networks a technology-solution-integrator that it has completed the acquisition of Black Box Corporation, a digital solutions provider in the US. The acquisition will add $600 million to AGC’s revenue, taking the company’s combined revenue to over $750 million, and global headcount to more than 4,000 people. https://economictimes.indiatimes.com/tech/software/agc-networks-completes-acquisition-of-black-box-corporation/articleshow/67455441.cms

Indian IT and ITeS exports may clock 8 to 10 per cent growth during the current fiscal a senior official of Electronics and Computer Software Export Promotion Council (ESC). The export of electronic hardware may also witness positive growth at about seven to eight per cent on the back of newer avenues such as Solar […]