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GCC consultant ANSR buys majority stake in Summit Consulting Services

Economic Times

Economic Times · 10m ago

GCC consultant ANSR buys majority stake in Summit Consulting Services

Consultancy firm ANSR has acquired a majority stake in Summit Consulting Services in a cash and stock deal worth around $5-8 million. The acquisition will allow ANSR to expand its solutions to mid-sized global capability centres (GCCs) as they scale operations. Summit Consulting specializes in building global centres for growth-stage, mid-sized, and private equity-backed organizations. India is currently home to over 1,700 GCCs, employing 1.9 million professionals, and is projected to have 2,100-2,200 GCCs with a revenue share of $99-105 billion by 2030. ANSR has helped establish 135 GCCs with around $2 billion in investments.

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Karnataka to remain driving force behind India's GCC industry: IT minister Priyank Kharge

Economic Times

Economic Times · 1y ago

Karnataka to remain driving force behind India's GCC industry: IT minister Priyank Kharge

The Karnataka government, in partnership with ANSR, released the Karnataka GCC Landscape Report, focusing on the state's thriving Global Capability Centres (GCC) ecosystem. The report highlights Karnataka's growth, impact, and potential in the digital industry. The government aims to establish a resilient ecosystem for GCCs by implementing strategic interventions and facilitators, including the development of the first GCC Policy in India. With incentives, regulations, and new policies in place, Karnataka is poised to attract enterprises looking to enhance their digital capabilities. Bengaluru remains the preferred location for GCC buildouts, boasting a high concentration of digital talent.

GCC consultant ANSR acquires hrEntries to boost talent solutions

Economic Times

Economic Times · 1y ago

GCC consultant ANSR acquires hrEntries to boost talent solutions

Bangalore-based firm ANSR has acquired hrEntries, the human capital management system (HCM) platform. The deal, which was executed in an all-stock transaction, will enhance ANSR's suite of technology solutions and provide clients with a comprehensive end-to-end platform for global team management. The acquisition aligns with ANSR's strategy to simplify GCC operations and offer transparency, flexibility, and control to its customers. ANSR plans to integrate artificial intelligence into global team management to deliver advanced capabilities like predictive analytics and smart onboarding processes. The financial details were not disclosed.

Wipro inks $66 mn deal to acquire US insurtech firm Aggne

VCCircle

VCCircle · 1y ago

Wipro inks $66 mn deal to acquire US insurtech firm Aggne

Indian IT services major Wipro is set to acquire a majority stake in insurtech firm Aggne Global for $66m in an all-cash deal. Wipro will initially purchase a 60% stake in the Florida-based company and its India-based affiliate, with the option to buy the remaining stake in the future. Aggne, founded in 2019, provides IT, consulting, and managed services to the property and casualty insurance industry. The acquisition is expected to bolster Wipro's position in the insurance market and enhance its range of offerings.

3AI launches integrated marketplace for GCCs

Economic Times

Economic Times · 1y ago

3AI launches integrated marketplace for GCCs

AI and analytics marketplace, 3AI, has launched GCC Sphere, an integrated marketplace and hub exclusively for Global Capability Centers (GCCs). GCC Sphere aims to cater to the consulting, services, solutions, talent, learning and development, academia, workplace, and other requirements of GCCs. The marketplace will offer curated data, AI, and analytics solutions services, and enable the building and improvement of best practices in these areas. It will also showcase select partners from the 3AI ecosystem to help GCCs on their respective journeys.

American PE firm TA Associates strikes control deal for GCC school chain

VCCircle

VCCircle · 12m ago

American PE firm TA Associates strikes control deal for GCC school chain

TA Associates, a global private equity firm, has acquired a controlling stake in a Dubai-based education provider that runs a network of schools in the Gulf Cooperation Council (GCC). The agreement gives TA Associates majority control over the company. With a portfolio of over 120 companies in more than 20 countries, TA Associates aims to tap into the growing demand for quality education in the GCC region. The deal reflects the firm's interest in investing in the education sector.

JetSynthesys buys majority stake in kids' educational content startup KidzByte

Money Control

Money Control · 2y ago

JetSynthesys buys majority stake in kids' educational content startup KidzByte

Jetsynthesys, a digital entertainment and technology company, has acquired a majority stake in KidzByte, a startup focused on educational content for children. The deal allows Jetsynthesys to expand its presence in the kids' edutainment space and enhance its offerings. By investing in KidzByte, Jetsynthesys aims to provide engaging and educational content to children, catering to the growing demand in the market. KidzByte is JetSynthesys's second acquisition this year after buying a majority stake in creator monetisation startup Fanory

India may see 15-20% surge in non-US GCCs in the next two years

Economic Times

Economic Times · 7m ago

India may see 15-20% surge in non-US GCCs in the next two years

India is expected to see a 15-20% rise in non-US global capability centres (GCCs) over two years, driven by UK, Germany, Japan, and Nordic countries, according to ANSR. This trend follows successful US-based GCC outcomes, highlighting India's cost efficiency. ANSR's Vikram Ahuja notes that over 60% of Forbes Global 2000 Japanese firms haven't tapped India yet. GCCs, growing at 7.6% in the UK and 6.5% in Germany, are expanding rapidly.

Nazara’s NODWIN Buys Ninja Global FZCO For $3.57 Mn

Inc42 · 1y ago

Nazara’s NODWIN Buys Ninja Global FZCO For $3.57 Mn

Nazara Technologies, an Indian gaming firm, has acquired a majority stake in NODWIN Gaming, an esports company. The deal was made through a secondary transaction for a cash consideration of $1.32 million, with the remaining stake acquired through the issuance of preference shares. This acquisition will support NODWIN's expansion into global emerging markets, allowing them to provide better solutions to publishers and brands in the Middle East and Turkey.

Wipro buys 60% stake in Aggne for $66 million; Know about the company

IndianStartupNews

IndianStartupNews · 1y ago

Wipro buys 60% stake in Aggne for $66 million; Know about the company

Indian technology company Wipro has acquired a majority stake of 60% in Aggne for around $66 million. Aggne specializes in serving the insurance and Insurtech industries, with a focus on the property & casualty (P&C) insurance space. The acquisition brings a unique set of capabilities and Intellectual Property (IP) to Wipro, allowing for enhanced value, faster speed-to-market, and differentiated services in the P&C sector. This strategic move further strengthens Wipro's presence in the insurance sector and opens up growth opportunities for both companies.

Infra.Market buys majority stake in textilemaker Strata Geosystems

Money Control

Money Control · 2y ago

Infra.Market buys majority stake in textilemaker Strata Geosystems

Infra.Market, an Indian construction materials marketplace, has acquired a majority stake in Strata Geosystems, a textile manufacturing company. The move aims to strengthen Infra.Market's product offerings and expand its presence in the infrastructure sector. Strata Geosystems specializes in manufacturing geosynthetic products used in infrastructure projects. The acquisition aligns with Infra.Market's strategy of enhancing its position in the construction and infrastructure market.

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