Cognizant acquires Digital Marketing Agency Cadient Group
Cognizant announced it has acquired Cadient Group, a full-service digital marketing agency that serves a broad spectrum of life sciences companies in the pharmaceutical, biotechnology, consumer health, and medical device industries.
This acquisition further strengthens and expands Cognizants digital marketing capabilities, enabling brand marketing leaders to transform the way they position their offerings in the digital landscape as they design, develop and introduce multi-channel marketing initiatives, launch brands, build communities, drive insights and analytics, and create a compelling customer experience. The terms of the transaction were not disclosed.
Life sciences companies around the world have significantly increased their emphasis on web, mobile, and social engagement with all of their stakeholders, while increasingly leveraging enterprise-level analytics to drive a customer-centric approach to marketing and sales. Pennsylvania-based Cadient Group has more than a decade of experience in providing digital strategy, marketing, and technology and analytics solutions to industry leaders and emerging companies in the life sciences industry.
As part of this acquisition, more than 100 digital specialistswith expertise across brand strategy and planning, content development, user-centered design, multi-channel analytics, and digital, social and mobile marketingwill join Cognizant. This acquisition also brings to Cognizant digital assets and intellectual property including Reveal, an insights and analytics platform; Immerse, an experiential marketing platform; and OneVoice, an advocacy campaign management platform.
L&T Technology plans to acquire Dell's Engineering Services business
L&T Technology Services, the wholly owned subsidiary of $14.3Bn Larsen & Toubro group announces the intent to acquire the assets of U.S.-based Dell Product and Process Innovation Services (formerly eServ), the Engineering Services division of Dell (Dell Engineering Services). The Competition Commission of India (CCI) has approved the proposed transaction. The company is awaiting US regulatory approvals which are expected shortly.
The proposed transaction will significantly drive forward L&T Technology Services position as a premier Engineering Services provider by adding local delivery centers in North America. Dell Engineering Services also has delivery centers in Hyderabad and Bangalore in India,. This enhances L&T Technology Services ability to offer differentiated technology solutions and full program management services by leveraging global-local talent base at any point in the product development cycle.
Headquartered in Peoria, Illinois, Dell Engineering Services has over 15 years of extensive experience in Mechanical Design & Analysis, Embedded Engineering, Applied Engineering, and Manufacturing Consulting across multiple industries and has long term relationships with marquee clients in North America, especially in the transportation industry.
ICICI Bank buys 5.15% stake in Hindustan Motors
Hindustan Motors said ICICI Bank has acquired 1.07 crore shares of the company, totalling to 5.15 per cent stake, on September 29.
"ICICI Bank has received 1,07,43,600 equity shares of Hindustan Motors Ltd in lieu of settlement of Right of Recompense (RoR) payable to the lenders on the exit of HML from the purview of corporate debt restructuring (CDR)," the filing said.
On September 29, the board of Hindustan Motors had allotted securities on a preferential basis to the lenders, banks and financial institutions, in accordance with approval of corporate debt restructuring process.
Jindal Steel & Power to acquire remaining stake in JB Fabinfra
Jindal Steel & Power Ltd has announced that the Board of Directors of the Company at its meeting held on October 09, 2014, has approved the acquisition of remaining 10,20,000 equity shares of Rs. 10/- each for an aggregate amount of Rs. 1.02 crore only representing 51% equity stake in ‘JB Fabinfra Private Limited’ (JBFAB) from its existing shareholders.
JBFAB is a Joint Venture Company in which the Company holds 49% of equity share capital and after the proposed acquisition it will become a wholly owned subsidiary of the Company.
JB Fabinfra Private Limited is engaged in the business of manufacturing of pre-fabricated structures out of light guage steel (LGS) for residential constructions. JSPL also has Construction Materials business vertical bringing all construction materials under one umbrella and acquiring JBFAB manufacturing business will strengthen the existing portfolio.
ArcelorMittal and Gerdau complete sale of Gallatin Steel
Further to the previous announcement made on 15 September 2014, ArcelorMittal and Gerdau jointly announced today that they have completed the sale of their respective 50% interests in Gallatin Steel Company ("Gallatin") to Nucor Corporation.
The sale was completed for a total cash consideration of US$770m.
Gallatin is a flat rolled mini-mill located in Gallatin County, Kentucky, USA that melts scrap, pig iron and hot briquetted iron from various sources, and processes the material to produce flat rolled steel. Gallatins high quality assets produce a wide range of steels from low to high carbon grades with an annual capacity of around 1.8 million tons.
PeopleStrong acquires Webpay
PeopleStrong HR Services Pvt. Ltd., a leading multi-process HR outsourcing and HR technology company announces the acquisition of Webpay; a leading HR and payroll product provider. This acquisition is expected to add to the capability of PeopleStrongs cloud-based technology product suite PeopleStrong ALT and strengthen the presence of the company in the small and medium enterprise segment.
Pankaj Bansal, Co-Founder and CEO, PeopleStrong said, In present times when cloud-based solutions are increasingly used for various HR functions, the key to success lies in reinventing capabilities and acquisition of Webpay is one such step for us.
Webpay-the smart payroll solution, would be part of PeopleStrong Alt product suite and Vikas Sapra, Founder, Bigbyte Solutions would join the executive management team at PeopleStrong. This is the third strategic investment for PeopleStrong, after Summit HRs frontline business and IL&S(Wheebox), leading talent assessment company in India, where the company owns majority stakes .
Nihilent Technologies acquires GNet Group LLC
As part of its global expansion, Nihilent Technologies, a global consulting and solutions integrations company announced its acquisition of GNet Group LLC (www.gnetgroup.com), a leading US based services and solutions company specializing in business intelligence and collaboration and content, for an undisclosed amount. An agreement has been reached between the companies wherein Nihilent will acquire full ownership of GNet Group.
GNet Group is a Minneapolis headquartered company, with operations in Midwestern and South Central United States, and has deep expertise in business intelligence services, SharePoint and application development.
We are excited for the opportunities that this acquisition brings both Nihilent and GNet Groups customers, said L.C. Singh, Vice-Chairman and CEO of Nihilent. This acquisition is a result of GNet Groups profitability and growth, and its extensive expertise in the business intelligence and analytics space.