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Plane acquires US-based Sort

EntrackrEntrackr · 1m ago
Plane acquires US-based Sort
Medial

Open-source project management startup Plane has acquired Sort, a US-based engineering team specializing in AI-native enterprise workflows, marking its official expansion into the North American market. The move comes 18 months after Plane raised $4 million in seed funding. The Sort team brings deep expertise in enterprise software and AI systems, using Plane’s capabilities in infrastructure, on-prem deployment, and workflow automation. The acquisition strengthens Plane’s product offering as a modern, self-hosted platform tailored for security-conscious organizations, and accelerates its enterprise go-to-market efforts across North America. Plane is an open-source project management platform built for modern teams, combining task tracking, wikis, and timelines in a unified interface. With advanced features like custom workflows, RBAC, audit logs, and air-gapped deployments, it serves over 100,000 users globally. With its US expansion and a team featuring veterans from MongoDB, PayPal, Elastic, and BitGo, Plane is planning to become a category-defining Work OS that balances openness, control, and enterprise-grade performance.

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Xoriant acquires MapleLabs to expand its platform engineering capabilities

Economic TimesEconomic Times · 1y ago
Xoriant acquires MapleLabs to expand its platform engineering capabilities
Medial

US-based consulting and IT services firm Xoriant has acquired Bengaluru-based product engineering firm MapleLabs. The acquisition aims to enhance Xoriant's capabilities in platform engineering, product development, and cloud native applications. MapleLabs brings expertise in hybrid cloud infrastructure, observability, and Site Reliability Engineering (SRE). The financial details of the deal were undisclosed. Xoriant, backed by private equity firm ChrysCapital, aims to strengthen its position in the digital engineering space and provide innovative solutions to its global clients. This is Xoriant's second acquisition following the acquisition of Bengaluru-based consulting firm Thoucentric in 2023.

Sportskeeda’s parent Absolute Sports acquires assets of SoapCentral.com

EntrackrEntrackr · 1y ago
Sportskeeda’s parent Absolute Sports acquires assets of SoapCentral.com
Medial

Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com and ProFootballNetwork.com, is close to acquire all of the assets of SoapCentral.com, a premier source of entertainment content in the US. The transaction is for an all-cash consideration of $1.4 million about Rs 11.6 crore and is expected to be closed in the next 30 days. In CY23, SoapCentral.com had revenues of $621,000 about Rs 5.2 crore. Absolute Sports will use its cash reserves to fund the transaction. This is the second acquisition for Absolute Sports in the US sports media market. Earlier this year, Absolute Sports had acquired a 73.27% stake in US-based Pro Football Network LLC. Absolute Sports, via its flagship brand Sportskeeda, covers sports and esports subjects and serves more than 100 million fans every month. In 2019, Nazara, listed on the stock exchanges, picked up a majority stake in the company, which was then a 10-year old business. With more than an average of 5 million unique monthly active users, Pro Football Network is widely recognized as one of the NFL-focused sports sites in the country. The company already operates SK Pop (Pop-Culture) and has experience scaling entertainment content under the SK-Pop banner. The company expects to unlock synergies with its content scaling and operating playbooks to establish Soap Central as a leading entertainment content destination for fans in the US.

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