January was a month that saw some recent mergers and acquisitions and boosted hopes for the months ahead. First, let’s understand Merger and Acquisition in a layman’s language.
Mergers And Acquisitions:
The process of combining two businesses into one involves mergers and acquisitions. The aim of merging two or more firms is to seek to create synergy. If two companies come together in agreement on mutually negotiated terms to start a partnership, a merger takes place.
An acquisition happens when one company buys another company and folds it into its operations by purchasing all or most of the other company’s shares to gain control of that company.
List of merger and acquisition in Jan
- BYJU’S acquired Aakash Educational Services
BYJU’S is back in news for a billion-dollar deal. As per sources, Blackstone backed Aakash Educational Services (AES) was acquired by BYJU’S for $1 billion, making it the highest pegged deal so far there in the ed-tech space. Reports have it that Aakash Education services have half a million students enrolled in its programs.
- GOOGLE acquired Fitbit
Google has taken over Fitbit for $2.1 billion, a step that will help the internet company grow even stronger as US government regulators mount an antitrust case to undermine its strength.
- CABDOST merged with Dvara Capital
Founded in 2018, CabDost merged with Dvara Capital. A neo-bank that caters to rising Indian urban gig economy employees and the blue-collar segment. Cabdost makes it possible for taxi drivers and other gig economy workers to file taxes and handle finances in a simpler way.
- CURE.FIT has acquired Onyx
Health and fitness startup Curefit announced, that it has acquired Onyx, a California-based digital fitness company, for an undisclosed amount. Onyx, which was created in 2018, specializes in body tracking technology and workout feedback personalization. It offers highly accurate rep counts, correction of form, and detailed monitoring of results.
- UNIPHORE acquired Emotion Research Lab
Speech analytics software company Uniphore has announced the acquisition of the Spanish-based Emotion Research Lab for an undisclosed sum. Emotion Research Lab uses Artificial Intelligence and machine learning to identify stages of emotion and engagement over video-based in real-time interactions.
- EMBEE Software has been acquired by Softline Group
Softline Group has acquired a majority stake in Kolkata-based Embee Software, a leading provider of digital transformation services. For years, Embee has been a Microsoft LSP and Cloud solution partner in India, and the Softline Group looks forward to using the experience of Embee in its Main Strategic Sector in India.
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