The Venture Intelligence Blog

Cognizant to pay about $135 million in cash as Sequoia Capital India reaps fourth exit in almost as many months from its WestBridge Capital avatar investments. Edited extracts from Cognizant's press release : Nasdaq-listed Cognizant Technology Solutions Corporation , a leading provider of global IT and business process outsourcing services, today announced that it has signed a definitive agreement to acquire marketRx , a India- and US-based provider of analytics and related software services to global Life Sciences companies in the pharmaceutical, biotechnology and medical devices segments. Cognizant will pay approximately $135 million in cash, which will be funded from current cash reserves. marketRx combines analytics, market research and software services to provide scalable, web-based solutions in three functional areas for Life Sciences companies: Sales Management & Operations, Brand Marketing & Product Management and Market Research. marketRx's client base includ...

Edited extracts from the press release: Moser Baer to raise $100 million in its wholly owned photovoltaic subsidiary • $100 million to be raised from a consortium led by IDFC Private Equity, consisting of GIC Special Investments, IDFC & CDC Group plc. • Proceeds to partially fund Moser Baer’s overall plans to expand photovoltaic (PV) capacity to 500MW by 2010 • A structured transaction to position the PV subsidiary for a potential IPO on an international exchange. New Delhi-based Moser Baer, India's largest and the world’s second largest optical storage media manufacturer announced today that it has received the approval of its Board of Directors to raise $100 million (Rs. 400 crores) in its wholly owned photovoltaic subsidiary. The investment will be made by a consortium of investors led by IDFC Private Equity, a private equity fund focused on the infrastructure space in India; together with GIC Special Investments, a private equity arm the Singapore's foreign reserves; C...