1. News
July 14, 2016

M&As this week: Infor, Myntra, Pet Valu, StayinFront

Infor has agreed to buy Starmount for an undisclosed sum.

Infor has agreed to buy Starmount for an undisclosed sum.

The terms and conditions of the acquisition have not been revealed and the transaction is anticipated to complete within 30 days.

The acquisition will enable Infor to accelerate the delivery of the cloud-based Infor CloudSuite Retail management solution.

Myntra has completed the acquisition of Cubeit for an undisclosed amount.

Cubeit creates mobile applications that allow users to create content collections from any source.

"The acquisition will enable Infor to accelerate the delivery of the cloud-based Infor CloudSuite Retail management solution."

The deal follows Myntra’s earlier technology-led acquisitions of Native5 and Fitiquette.

Pet Valu and Pet Supermarket have announced their merger to form a leading pet specialty retailer in North America.

Named Pet Retail Brands, the new entity will have more than 930 stores with the potential of generating $1bn in retail sales across the US and Canada.

StayinFront has completed the acquisition of GHI Technologies, a company based in Canada. GHI’s office in Mississauga will be renamed StayinFront Canada, bringing the total number of the company's branches to 12.

StayinFront offers mobile cloud-based customer relationship management (CRM) and sales force automation products and services, while GHI delivers business intelligence (BI) and CRM solutions.

eBay has signed a agreement to purchase Israel-based SalesPredict.

SalesPredict offers advanced analytics to predict consumer behaviour and sales conversion. It is funded by global investors, including AfterDox, Redline Capital Management, Yandex, KGC Capital and Pitango Venture Capital.

Financial details of the agreement have yet to be disclosed.