TextLocal’s mobile messaging platform for SMBs has served over 120,000 businesses. MUMBAI, INDIA: IMImobile, a global technology company providing software and services which help businesses capitalise on the growth in mobile communications, announced the acquisition of TxtLocal Limited (TextLocal), a self-service, cloud based, mobile messaging business.
Telstra will acquire Brisbane-based network solutions and information security specialist Bridge Point as part of an ongoing effort to bolster its network applications and services business. The 14 year-old Telstra partner counts 75 employees on its books and services government and enterprise clients including Queensland Health, Transport and Education, as well as Suncorp, Virgin Australia, Tatts Group and BP, according to its website.
Japan’s Softbank plans to acquire Korean TV show portal DramaFever, according to a press release published on Business Wire . The five-year-old startup has raised US$12 million up to this point, some of that coming from YouTube co-founder Steve Chen. The site has a wide range of international TV shows, but is mostly known for its Korean dramas.
Taiwan-listed gaming company XPEC Entertainment plans to invest NTD5.34 billion, which is about CNY1.068 billion, to acquire the entire stake of the mainland mobile game platform Tongbu Technology Limited. According to reports in Taiwanese local media, XPEC will hold a shareholder meeting in November 2014 to discuss the acquisition, which will then be reviewed by the Taiwanese government. The deal is expected to be closed in the first half of 2015.
Red-hot Chinese startup Xiaomi has long since ventured out from its initially territory of smartphones, getting involved in everything from blood pressure monitors to game controllers – and that’s just in the past few weeks! But according to a Tencent Tech report , the company is also expanding into the world of GPS and mapping via a planned investment in Careland.
China Huaxin Post & Telecommunication Economy Development Center formally announced that the company has completed the acquisition of Alcatel-Lucent Enterprise, a subsidiary of Alcatel-Lucent. China Huaxin and Alcatel-Lucent have jointly established a controlling company, which will be responsible for the global operation of Alcatel-Lucent’s enterprise business. China Huaxin holds a 85% stake in the joint venture, while Alcatel-Lucent owns the remaining 15% stake.
DeNA added new punch to its business today, announcing acquisitions of Iemo and Peroli . Total cost was not disclosed but a DeNA representative confirmed to Tech in Asia that the two deals are worth US$50 million. Both are news curation services. Iemo is focused on home-design whereas Peroli’s key product, Mery , targets ladies fashion. “[This is] part of DeNA’s previously-announced strategy to bring digital innovation to offline industries,” a company spokesperson told Tech in Asia.
Chinese telecom device maker Huawei acquired Neul, a Britain-headquartered Internet of Things technology provider, for USD25 million. As a company focusing on the research and development of Internet of Things technologies and products, Neul is known for its “Weightless” platform, which offers super-low energy consumption air interfaces for products like smart testers and street lights. It is a new wide-area wireless networking technology designed specifically for the Internet of Things, achieving coverage, battery life, module cost and efficiency goals that far out-reach today’s GPRS, 3G, CDMA and LTE WAN solutions.
BANGALORE: Yahoo confirmed on Monday that it has purchased Bookpad, an Indian document viewing tech startup, in a bid to bolster its email service. The US internet giant didn’t disclose the purchase price, but two people with direct knowledge of the development said it paid around Rs 50 crore ($8.3 million) for Bookpad. “We have acquired Bookpad, the company behind the Docspad product,” said a Yahoo spokeswoman in response to a query from ET.
Just days after business intelligence provider Nielsen (NYSE:NLSN) acquired Indicus Analytics, another Indian startup got netted by a global company. Yahoo has bought one-year-old Bookpad, which built an end-to-end document handling technology for the cloud, for about US$15 million (INR 90 crore) The Times of India reported. It is the first Indian tech startup acquisition by the internet giant.
BANGALORE: Bangalore-based Bookpad has become the first Indian tech startup to be bought by Yahoo, going from creation to acquisition in just one year. The deal comes some eight months after Facebook snapped up Bangalore’s Little Eye Labs. The US internet giant, which is in line to reap about $9.5 billion (Rs57,000 crore) from Alibaba’s initial public offering, has bought the firm in a deal worth around Rs50 crore ($ 8.3 million), according two people with direct knowledge of the development.
At a press conference in Tokyo today, Hiroshi Mikitani, founder and CEO of Rakuten, Inc. (TYO:4755 ), confirmed reports that his company will acquire American online coupon firm Ebates . The ticker price comes in at JPY 105 billion (US$1 billion). Founded in 1998, Ebates offers coupons or cash-back incentives to drive online shopping. Stores register on Ebates and post coupon codes or cash-back terms. Shoppers registered at Ebates can then copy the coupon link, click on the product they want to buy, and make the purchase. For cash-back offers, Ebates will send the user a check four times a year or more.
Leading Japanese ecommerce firm Rakuten (TYO:4755 ) released a statement today admitting the company’s involvement in an acquisition bid for American online coupon firm Ebates . This comes after Nikkei reported on Saturday morning that Rakuten had nearly finalized a deal worth over JPY 100 billion (US$951 million). Ebates offers coupons or cash-back incentives to drive online shopping. Stores register on Ebates and post coupon codes or cash-back terms.
Internet service provider iiNet has purchased a 60 percent stake in privately-owned technology service provider Tech2 Group to bolster its IT support division. The transaction provides iiNet access to the Sydney-based Tech2 Group’s 650 staff and to the company’s operations in field and call centre technology, over the phone tech support, on-site home entertainment set-up, as well as infrastructure build, connection and installation services for the NBN.
FreeCharge, one of India’s hottest startups, has just acquired Preburn, a Bangalore-based offline app distribution network which has been in stealth mode. This is the second acquisition by Sequoia-backed FreeCharge, which allows users to recharge their prepaid mobile phones, direct-to-home satellite television connections, or data cards instantly, and rewards them with discount coupons. Like its acquisition of social wish-list Wishberg in July 2013, this too is an acquihire – acquisition of a startup where the acquirer is not interested in the startup’s product, technology or user base, but only in its employees.
TOKYO–Japanese mobile carrier SoftBank’s failed bid for T-Mobile marked a rare defeat for its brash billionaire founder, but few expect it to sideline a man intent on building “the world’s number-one company.” After years of scooping up companies big and small, Masayoshi Son’s voracious appetite for acquisitions hit a snag amid reports earlier this month that the firm’s U.S. unit had abandoned a US$32 billion offer for T-Mobile in the face of regulatory opposition.
NEW YORK: IBM said on Friday (Aug 15) that US authorities had cleared a US$2.3 billion (S$2.86 billion) deal allowing China-based Lenovo to take over its server unit after a national security review. The Committee on Foreign Investment in the United States (CFIUS), which reviews takeovers which could have national security implications, notified IBM “of the successful conclusion of the committee’s review,” the company said in a statement.
PETALING JAYA: Information technology (IT) services and solutions provider Hitachi Sunway Information Systems Sdn Bhd has allocated RM50 million to RM100 million as seed fund for merger and acquisition activities in the next 12 months, said its group CEO and director Cheah Kok Hoong. “We’re looking at acquiring a variety of companies that can complement our business, it could be (companies related to) infrastructure and managed services (IMS) and end-to-end security solutions,” he told reporters at a press conference here yesterday.
Exclusive Networks Group today announced its acquisition of Sydney-headquartered WhiteGold Solutions, the leading independent value added distributor of IT security, networking, converged infrastructure and datacentre solutions for the Australia/New Zealand enterprise channel. The acquisition is the Group’s first outside EMEA reflecting the continuing success of its business model, and signalling its long-term strategy to expand operations throughout the Asia-Pacific market.