SingPost, through its indirect wholly-owned subsidiary TG Acquisition Corp, is acquiring 96.3% of TradeGlobal Holdings Inc from TradeGlobal Parent LLC, which is owned by the private equity firm Bregal Sagemount, for US$168.6 million (or approximately S$236 million).
Singapore-based satellite communications solutions provider Global Invacom is set for the next technology shift, and plans to grow with it, Benjamin Cher reports.
Japan’s NTT Data sees its acquisition of a majority stake in Kuala Lumpur-based regional online payment systems provider iPay88 Sdn Bhd as marking its serious entry into South-East Asia, while it would be “business as usual” for the Malaysian company.
SingPost, through its indirect wholly owned subsidiary SP Jagged Peak LLC, has entered into an agreement to acquire a 71.1% equity stake in Jagged Peak Inc for US$15.8 million (approximately S$22.5 million).
Ardent Capital has announced that its Sri Lanka-based e-commerce portfolio company Wow.lk (formerly Anything.lk) after Dialog Axiata increased its stake of Wow.lk’s operating company, Digital Commerce Lanka Pvt (DCL), to 100%.
Foodpanda said it has acquired food delivery company Singapore-Dine, its latest after a spate of acquisitions in February. Financial terms were not disclosed.
Online payment systems provider iPay88 has seen its Malaysian operations acquired by Japan’s NTT Data Corp. According to observers, the acquisition puts the Malaysian tech ecosystem on the radar of global players.
Singapore Telecommunications Ltd (Singtel) said it has completed its acquisition of US-based managed security services specialist Trustwave, first announced in April.
In this week’s Tech Talk show on BFM Radio, Karamjit Singh is really struck by how an entrepreneur with no domain expertise was able to raise almost US$200 million for his startup while another, who started around the same time and has deep technical expertise and almost 100 patents, has raised around US$10 million.
In 2012, cybersecurity company Blue Coat Systems Inc – having delisted from Nasdaq – embarked on an acquisition spree. "… it was pretty insane,” Blue Coat CTO and VP Dr Hugh Thompson tells Gabey Goh.