Indian startup getting acquired by a Global biggie has been quite rare – however, things are changing and changing fast. Infact, Google, Facebook and Yahoo have all made their first Indian startup acquisition in 2014. Google acquired Impermium and Facebook acquired Little Eye Labs in January of 2014. Yahoo acquired Bookpad last month.
Now, the with Indian startups coming on radar of Global companies, the rate of acquisitions of Indian startups has increased significantly. Now, in this week alone 3 Indian tech startups have been acquired by Global companies. Let us take a look at each of them.
Cigital Inc. Acquires Bangalore based iViz Security
US based Cigital Inc. one of the leading software security services and solution has acquired Bangalore based iViz Security. In an official statement, Cigital Inc has said that they plan to leverage the technology and capabilities from the iViZ acquisition to offer 3D Unlimited Application Security Testing, featuring unmatched flexibility across three dimensions: the number of tests, the depth of tests, and the number of applications tested.
The terms of acquisition have not been disclosed. You can find more detail about the acquisition here.
B2X Care Solutions Acquires Mumbai based TSS
Germany based cloud technology company B2X Care Solutions has acquired Mumbai based software development and technology consultant company The Service Solutions (TSS). B2X has picked up majority share in TSS and post acquisition all services offered by The Service Solutions will be rebranded as B2X Care Solutions.
With this acquisition, B2X plans to spread their footprint in India and plans to transfer TSS’s existing SMARTBAR model into multi-brand service and retail stores in India. Thomas Berlemann, CEO of B2X said, “For us to be successful in India, we know that it will require very strong local capabilities. TSS is a rising star in India and their cloud-based capabilities completes the B2X technology roadmap. In addition, the TSS leadership team has a strong background and is extremely well connected in our industry in India, which opens up great opportunities for future growth.”
Brillio Acquires Bangalore-based Marketelligent
US based Software development company Brillio has announced that they have acquired Bangalore-based data analytics startup Marketelligent. The deal was in form of a all-cash deal, however Marketelligent will continue to operate with the same name.
Marketelligent’s data analytics clients include some of the top brands like Dell, Coca Cola, Amex and others. With this acquisition Brillio will now get access to these clients at the same time Marketelligent data analytics solutions can now be offered to Brillio’s client base.
