Acquisitions
Singapore’s Y3 Technologies acquires Ascentis, part of transformation
Singapore-headquartered supply chain management solutions provider Y3 Technologies has acquired Ascentis, also from Singapore, which specialises in CRM, e-commerce and business intelligence.
OneSecure acquired by EvvoLabs, rebranded into Evvo Cybersecurity
Singapore-based cloud, mobile and media solutions provider Evvo Labs has acquired OneSecure Asia Pte Ltd, which specialises in DDoS mitigation solutions.
iFashion officially announces Invade acquisition, for US$1.1mil
iFashion Group has officially announced its acquisition of Invade, and now has also disclosed it was for US$1.1 million, in a combination of cash and shares.
iFashion to go on blogshop-shopping spree
iFashion wants to build its business by acquiring other businesses, and raised S$1 million to do just that.
We’re No 1, claims PropertyGuru
Singapore-headquartered PropertyGuru Group claims to be the top property platform in the region. Lum Ka Kay speaks to its cofounder and group CEO Steve Melhuish to find out more.
Investments: IoT startups are killing it, according to Ovum study
Telco and tech firms spent over US$31 billion on IoT-related investments and acquisitions between 2011 and 2015, according to new research from Ovum.
Alibaba invests US$500mil in Lazada, buys 9.1% stake for US$137mil
Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada to China’s Alibaba for US$137 million. Lazada and Alibaba also entered into a transaction that includes Alibaba’s investment of US$500 million in Lazada.
Garena president Nick Nash sheds some light
Garena group president Nick Nash indirectly shares what the February GMV is for its C2C service Shopee, while explaining to Karamjit Singh that the startup is a ‘consumer Internet platform.’
Singapore’s Chope acquires Indonesia’s MakanLuar
Singapore-headquartered restaurant discovery and booking startup Chope Group has announced its acquisition of MakanLuar, for an undisclosed sum.
CliQr will remain independent, promises Cisco
Cisco’s acquisition of CliQr has all the signs of ‘a perfect marriage,’ says Cisco VP Soni Jiandani, who promises the platform will continue to be agnostic and independent.
