Tag: sell

  • Open Text to Sell AMC Business to Rocket Software for $2.28 Billion in Cash

    Open Text agreed to divest its application modernization and connectivity business to Rocket Software for about $2.28 billion in cash. Open Text, which develops and markets enterprise information management software and solutions, said the deal reinforces and expands its focus on the cloud and artificial intelligence and results in more predictable growth. Copyright ©2023 Dow…

  • Activist fund Anson takes Twilio stake, urges board to sell

    Activist investor Anson Funds has built a stake in Twilio and sent a letter to the enterprise software company’s board pushing for the sale of the entire business, a person familiar with the matter told CNBC. Twilio shares rose around 2% on the news in Tuesday morning trading. Anson did not hold any Twilio stock…

  • Unicommerce files draft IPO papers; SoftBank, AceVector, B2 Capital to sell 29.8 million shares

    Gurugram-based ecommerce SaaS firm Unicommerce Esolutions Ltd has filed a draft red herring prospectus (DRHP) for its initial public offering (IPO). Through the offering, its shareholders – AceVector Group, B2 Capital and SoftBank – are together offloading 29.8 million shares. Unicommerce Esolutions is not raising any fresh capital through the IPO. Elevate Your Tech Prowess…