The Indian Software-as-a-Service (SaaS) market is poised for significant growth, with projections indicating its revenue could grow three times by 2030. This growth is largely driven by the rapid advancement of artificial intelligence (AI) technology. Key points from the document entitled The Rise of Cloud AI in India 2024, include:...
LegalZoom Acquires India’s Revv, a Saas Company
LegalZoom, the American online legal technology company that helps its customers create legal documents without necessarily having to hire a lawyer, acquired Bangalore-based Revv. Dan Wernikoff, CEO of LegalZoom, said, "The acquisition of Revv demonstrates our continued focus on scaling critical engineering and product talent to deliver the best products...
India’s Startups to Benefit from Chinese Crackdown
In an interview with Bloomberg, partner at March Capital Sumant Mandal said, "China’s market is of a size and scale that’s unmatched. But the risk-reward structure around China has changed, and investors from the U.S., Europe, Asia, and the Middle East are now looking to balance their portfolios by re-routing...
Mercer Acquires India's HR Tech Startup Mettl
Headquartered in New York City, global HR consultancy Mercer, a subsidiary of Marsh & McLennan Companies Inc., acquired online assessment platform Mettl based in Gurugram, India. Ilya Bonic, global president of Mercer’s career line of business believes that the acquisition signifies Mercer’s entry into the rapidly-growing global talent assessment market...
Blackstone-Owned Mphasis Acquires Stelligent Systems LLC
Bangalore, India-based Mphasis Limited, an IT company that is majority-owned by private equity firm Blackstone, has acquired Reston VA-based automation company Stelligent Systems LLC in an all-cash deal worth $25 million. "Our engineers will greatly benefit from being part of a larger, complementary tech-centric community; as well as serve enterprises...
India's Spend on Data Center Infra Software to Reach $3.6 Billion
According to Gartner Inc., data center infrastructure hardware enterprise spending in India is on pace to total $2.7 billion in 2018, a 2.6 percent increase from 2017, while enterprise spending on data center infrastructure software will rise to $3.6 billion in 2018, a 10 percent year-over-year increase. "Digital business initiatives are forcing infrastructure...