022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 20 November 2012

Polaris Plans To Divest IdenTrust Biz

by Charmi Gutka
Polaris Plans To Divest IdenTrust Biz
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi

Polaris Financial technology is planning to divest the business of American company – IdenTrust Inc which it acquired last April.

According to BSE filings, the business of IdenTrust Inc is classified by the US Government as critical to its security infrastructure. The technology and several patents owned by IdenTrust over the last few years have given cutting edge differentiation to the business of IdenTrust.

For these reasons, the US Government imposed that the company must be controlled by US entities only.

Polaris FT has therefore decided to enter into negotiations with interested parties in the US within the next 12 months.

Affine Analytics Raises Angel Investment From FinAKS

Affine Analytics Raises Angel Investment From FinAKS

Data Analytics startup – Affine Analytics has secured angel investment from Bangalore’s Financial Consulting firm FinAKS Advisory.

Read More...

Mirah Hospitality Acquires Stake In Hopping Chef

Mirah Hospitality Acquires Stake In Hopping Chef

Restaurateur Gaurav Goenka owned Mirah Hospitality, has acquired about 30% stake in Mumbai based food tech startup Hopping Chef, for a consideration of R3 Cr.

Read More...
Subscribe
Enter your Email address
to receive all the news