With competition increasing in the videoconferencing sector Zoom Video Communications Inc announced a $14.7 billion all-stock deal to acquire Five9 Inc, a cloud-based call center operator, its largest-ever acquisition. With the Coronavirus-induced COVID-19 pandemic resulting in the closures of schools and businesses, Zoom has become a household name and an investor favorite this year with…
A draft prospectus filed by the Indian digital payments firm Paytm shows that the company plans to raise as much as 166 billion rupees ($2.2 billion) through an initial public offering in Mumbai. It was just two days ago that the online food delivery giant Zomato began raising a targeted $1.3 billion through a share…
In a statement UK-based cybersecurity firm Avast Plc said, it was in advanced talks over a potential merger with NortonLifeLock Inc. If the negotiations are a success, it will result in a cash-and-share deal, said Avast. The company however cautioned thar there is no certainty that a deal will be agreed. Late on Wednesday, NortonLifeLock…
On Thursday Toyota Motor Corp’s research arm said, it had acquired US based map and driverless vehicles data provider Carmera. The acquisition underscores Toyota’s push to bulk up its self-driving arsenal as traditional automakers compete with tech giants in the emerging autonomous vehicles sector. The acquisition will provide Toyota access to real-time, high-definition maps and crowdsourced…
Market sentiment could be boosted by the move by Chinese authorities to bring down the amount of funds banks need to hold in reserve, and it could also be beneficial for stocks in some sector, said a report from the investment bank UBS. Reduction of the reserve requirement ratio (RRR) by 50 basis points for…
In a statement database software company Couchbase Inc said, it plans on raising $161 million through an initial public offering, which could see the company valued at more than $900 million. As per its regulatory filing, Couchbase, whose investors include GPI Capital, North Bridge Venture Partners and Accel, plans on selling 7 million shares in…
U.S. social media giant Twitter Inc has finally appointed a resident grievance officer for its unit in India days after designating a chief compliance officer to meet the country’s new IT rules. According to its website, Twitter has appointed Vinay Prakash as its new grievance officer along with his contact details; it has also listed…
In a statement cloud security firm Netskope said, it was valued at $7.5 billion in its latest funding round led by existing investor ICONIQ Growth, wherein it raised $300 million. Other large existing investors of the company, including Accel, Lightspeed Venture Partners, Base Partners, Sequoia Capital Global Equities, Geodesic Capital, and Sapphire Ventures also participated…
On Friday, chemicals giant INEOS said, it will collaborate with the Acorn carbon capture and storage project to help develop Scotland’s first carbon capture storage system. According to scientists, technology to capture and store carbon dioxide (CO2) emissions will be key in meeting climate goals set by the Paris agreement designed to limit global warming…
London-based fintech companies have increased their funding from venture capital investors in the first six months of this year compared to any year in the past signaling the British capital’s resilience as a fintech hub post-Brexit. nvestors have sunk $5.3 billion into London fintech startups in the first half of 2021. compared to $2.1 billion…
