TECHNOLOGY

CMAI Announces $100 Million Fund To Invest In ICT Industry

August 18, 2008 | Madhav A Chanchani

CMAI announced $100M venture capital fund to promote environment friendly research and manufacturing projects.

ChrysCapital Buys Infosys, HCL Shares Worth $200M; Already Up 25%

July 11, 2008 | Sahad P V

Chrys Capital has has picked up shares worth $100M each in Infosys & HCL, resulting into Infy scrip 25% higher.

WNS Acquires Aviva BPO For $230M; ICICI Lends $200M, Warburg $30M

August 10, 2008 | Madhav A Chanchani

WNS has bought Aviva Global Services, Aviva's BPO in India & Sri Lanka for $230M from ICICI Bank & Warburg Pincus.

Online Tax Filer Taxshax Gets BCCL Support

July 04, 2008 | Madhav A Chanchani

BCCL Group has bought a stake in First Altus Resources & Networks, owners of Taxshax.com, online ITR filing co.

Times Group Acquires Failed Jobsite, Stake In Online Book Store

July 31, 2008 | Madhav A Chanchani

Thought the size of acquisition of CyberMedia Careers is not known, industry sources put the deal at about $500,000.

PE-Backed SemanticSpace Makes A $40M Acquisition In The US

July 02, 2008 | Madhav A Chanchani

Hyderabad-based software solutions provider SemanticSpace has acquired 100% in US-based Prolifics for $40 mn.

Quatrro BPO Acquires UK-based Gaming Outsourcing Firm Babel Media

July 01, 2008 | Pallavi S

Raman Roy-led Quatrro BPO has acquired UK firm Babel Media, an outsourcing firm in gaming industry.

Cambridge Solutions Being Eyed By UK’s Xchanging; Will They Sell?

July 01, 2008 | Madhav A Chanchani

UK based BPO giant Xchanging is making bid to acquire Indian IT Solution provider Cambridge Solutions.

TrueBridge Capital To Invest 25% Of $310-M Fund in India and China

August 14, 2008 | Shrija Agrawal

The fund will invest in venture capital and growth equity managers, principally in the early stage IT and life sciences sectors.

Scrabulous Pulls Off Facebook In US, Canada; Can They Continue?

July 30, 2008 | Madhav A Chanchani

Scrabulous is facing legal action for intellectual property infringement by Hasbro which owns the rights for the game.

DFJ To Diversify Into Mid-to-Late Stage, Non-Tech, Closes 17 Deals

July 30, 2008 | Shrija Agrawal & Madhav A Chanchani

DFJ set for a tech-agnostic approach (high tech, mid tech, low tech, no tech).

Nokia Growth Partners Gets $150M From Nokia; Plans Office In India

July 31, 2008 | Madhav A Chanchani

Nokia launches a $150m private equity arm, Nokia Growth Partners

Greater Pacific To Pick Up 38% In Outsourcing Co Azure For $33 Million

August 13, 2008 | Madhav A Chanchani

Azure plans to deploy $15 million of the funds raised from Greater Pacific for inorganic growth.

Australia’s IPGA Buys Into Real Estate Portal RealAcres.com

August 12, 2008 | Madhav A Chanchani

IPGA plans to bring its print, exhibition and online luxury products to Indian market through RealAcres.

Voice Search Firm Ubona Gets Series A Funding From Capital18

August 05, 2008 | Shrija Agrawal

Banglore's voice-based search company has received an undisclosed amount in Series A investment from Capital18.

Essar Group’s Aegis Acquires PeopleSupport For $250 Million

August 05, 2008 | Madhav A Chanchani

Aegis will pay $12.25 per share, a 29% premium to PeopleSupport's closing price on Friday of $9.53.

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