Nov 28, 2018

Photo: Pixabay November 28, 2018 Japan’s NTT Data Tuesday announced that it is acquiring a controlling stake in Mumbai-based Atom Technologies while IFL Securities Ltd is in the process of acquiring a 15 per cent strategic stake in Bangalore-based fintech startup Trendlyne. In another development, Dineout said that it has acquired Torqus, a SaaS-based restaurant management software provider. NTT picks majority stake in Atom Tech Japanese technology firm NTT Data  on Tuesday announced that it is acquiring a controlling stake in Mumbai-based Atom Technologies , an end-to-end payment service owned by 63 Moons Technologies. NTT will pick a 55.35 per cent stake in Atom for $9.24 million and invest $1.5 million in primary equity to take its total holding in the company to 60 per cent. 63 Moons will continue to hold the remaining stake in Atom, said a statement. NTT Data said, the acquisition will help the Tokyo-based infotech company to strengthen its business presence in South Asia. The deal marks NTT DATA’s foray into India’s growing payments market. IIFL to acquire 15% in Trendlyne IIFL Holdings Ltd  on Tuesday said that its subsidiary IIFL Securities Ltd is in the process of acquiring a 15 per cent strategic stake in Bangalore-based fintech startup Trendlyne. Trendlyne, operated by Giskard Datatech Private Ltd, is a stock market analytics platform for retail investors, analysts, fund managers and advisors. Financial terms of the deal were not disclosed. The investment will allow IIFL and Trendlyne to mutually partner and integrate user features like superstar portfolios and stock screeners. Trendlyne will use the funds to expand to international markets such as the US, the UK and Canada, The Economic Times reported. Dineout buys software firm Torqus Dining out platform Dineout on Tuesday said that it has acquired Pune-based Torqus , a SaaS-based restaurant management software provider, to further strengthen its position as a full stack technology service provider in the online restaurant-booking space. The acquisition of Torqus, will further enhance Dineout’s bouquet of services to the restaurant industry and along with inResto, a one-stop CRM platform for recognising, personalising and re-engaging diners, will provide an end-to-end tech solution for the restaurant industry as a whole covering a wide range of use cases, it said in a statement. Post acquisition, Dineout will have a combined client base of nearly 10,000 restaurants across over 70 cities in India. Also Read: