wordpress blog stats
Connect with us

Hi, what are you looking for?

Persistent Systems acquires Akumina

Pune based IT company Persistent Systems has acquired digital content management company Akumina for an undisclosed amount, reports IIFL. Akumina is the maker of InterChange software platform that optimizes user experiences for digital businesses using Microsoft SharePoint. Persistent Systems offers solutions in the fields of analytics, big data, cloud, collaboration, mobility and security. In February, it was reported that Persistent Systems launched a $10 million venture capital fund to invest in very early stage startups and the fund would look to invest in up to 40 startups. At the time, the company said that it had already invested in five startups internationally. It mentioned that it would stay invested for typically 3-5 years. Post this, it would acquire it if the startup was doing good. It had also launched an early stage fund called Persistent Venture Fund in December 2013. The fund focused on social, mobile, analytics and cloud computing (SMAC) technologies and provides seed capital for early stage companies in these segments. Its portfolio companies include California-based wearable tech startup Hyginex, video calling iPad app Ustyme and life sciences company DxNow. CloudSquads acquisition: In February 2014, Persistent Systems had also acquired CloudSquads, a consultancy company that has created social communities for 70 global companies, for an undisclosed amount. The terms of the deal were not disclosed, and were subject to certain closing conditions. CloudSquads was founded by Ashish Seth and Henry Bruckstein and has offices in Santa Clara and Pune. It deploys, integrates and runs social communities that uses conversations on social media sites and converts them into actionable insights for marketing, sales and customer service. Its customers include…

Please subscribe/login to read the full story.
Written By

Free Reads

News

With GPS in every car, India's toll collection is going high-tech.

News

Google is currently undergoing the necessary procedures for the leasehold land, which is presently under the ownership of the Maharashtra Industrial Development Corporation.

News

The pilot project for which is being launched in 19 cities this year, with a plan to launch a full-fledged rollout next year.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ