Microsoft elevates Karan Bajwa as India MD

Microsoft has appointed Karan Bajwa as the new managing director of its sales and marketing group (SMSG) which means he will be heading Microsoft Corporation India Pvt Ltd. Microsoft also has separate firms which do research and handle offshore services and are headed by different executives. Bajwa ...

Bhawna Gupta

Wipro to invest $30M in US-based Big Data firm Opera Solutions

Azim Premji-led Wipro Ltd, India’s third largest software services provider, has signed an agreement to enter into a strategic partnership with Opera Solutions LLC, a privately held and New Jersey-headquartered Big Data analytics firm. Wipro will invest $30 million in the company to take a minorit...

Bhawna Gupta

Eka Software acquires Canadian tech firm EnCompass

Eka Software Solutions Pvt Ltd has acquired Canada-based ETRM software provider EnCompass Technologies Inc for an undisclosed amount. Through this deal, all the employees of Encompass have joined Eka and two co-founders CEO Andy Bout and COO Stewart Brightman, will take key leadership roles in the c...

Bhawna Gupta

Ericsson sues mobile handset maker Micromax for patent infringement

The world’s biggest telecom network equipment maker Ericsson has sued PE-backed mobile handset firm Micromax Informatics Ltd over alleged patent infringement and refusal to enter into licence agreement related to wireless technology standards such as GSM, EDGE and 3G, according to Delhi High Court...

Bhawna Gupta

HP joins hands with Universal music and Hungama.com to launch Connected Music service

Hewlett-Packard (HP) India has joined hands with Universal Music and Hungama.com to launch HP Connected Music. The service is available from Feb 1, 2013. The service on selected HP notebooks that run Windows 8 will allow users to stream and download unlimited music and video content free for the fir...

Bhawna Gupta

Nokia commits $250M for third venture fund, expands to China

Finnish handset giant Nokia has committed $250 million in the third fund under its venture funding arm Nokia Growth Partners (NGP). NGP targets new age technology firms straddling mobile ecosystem as also digital media and consumer internet and typically invests between $5-15 million in an investee...

Bhawna Gupta

Nexus Venture Partners-backed TalentSprint acquires Axiom Academy

Hyderabad-based skill development and training company TalentSprint Educational Services Pvt Ltd has acquired Axiom Academy, an institute specialising in placement training and engineering coaching, for an undisclosed amount. In April last year, Nexus Venture Partners had invested $4 million in Seri...

Bhawna Gupta

Saxon Global acquires Bangalore-based data analytics firm ISAC Global

US-based data and analytics consulting company Saxon Global Inc has acquired Bangalore-based Ideas Software and Consulting Pvt Ltd (ISAC Global), a boutique big data and web intelligence solutions firm for an undisclosed amount. As a part of the deal, Haricharan S M, CEO and co-founder of ISAC Globa...

Bhawna Gupta

Founder of CBay Systems sets up investment fund to back firms with IP

Venu Raman Kumar, who recently sold his remaining stake in NASDAQ-listed clinical documentation technology solutions firm MModal (formerly CBay Systems) to JP Morgan’s PE arm One Equity Partners in a big ticket deal, has set up two stage-agnostic investment funds to invest in Indian and internatio...

Bhawna Gupta

Chennai-based EdServ acquires Alta Vista’s businesses

Chennai-based education support services company EdServ Softsystems Ltd has acquired the businesses and the content of Alta Vista, UAE, for an undisclosed amount, according to a BSE filing. “It’s a part of our strategy to expand overseas business by providing online learning and career solution...