Divestiture • Internet Software and Services

Gaia Smart Cities Solutions Pvt. Acquires netCORE Solutions - Internet of Things Business

On June 13, 2016, Gaia Smart Cities Solutions Pvt. acquired internet software and services company netCORE Solutions - Internet of Things Business from netCORE Solutions Pvt.

Acquisition Context
  • This is Gaia Smart Cities Solutions Pvt.’s 1st transaction in the Internet Software and Services sector.
  • This is Gaia Smart Cities Solutions Pvt.’s 1st transaction in India.

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M&A Deal Summary

Date June 13, 2016
Target netCORE Solutions - Internet of Things Business
Sector Internet Software and Services
Buyer(s) Gaia Smart Cities Solutions Pvt.
Sellers(s) netCORE Solutions Pvt.
Deal Type Divestiture

Target Company

netCORE Solutions - Internet of Things Business

Mumbai, India
netCORE Solutions - Internet of Things Business is an Internet of Things (IoT) marketplace.
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Buyer Overview 1

Buyer

Gaia Smart Cities Solutions Pvt.

Mumbai, India

Category Company
Founded 2015
Sector Internet Software and Services
DESCRIPTION

Gaia Smart Cities Solutions Pvt. Ltd. is a provider of Internet of Things (IoT), and is creating a public Network as a Service (NaaS) in India for low-cost/long-range IoT applications.


Deal Context for Buyer #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
Country: India 1 of 1
Year: 2016 1 of 1

Seller Profile 1

SELLER

netCORE Solutions Pvt.

Mumbai, India

Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

netCORE Solutions Pvt. Ltd. is a marketing technology company that offers solutions for enterprises that redefine digital marketing & enterprise communication.


Deal Context for Seller #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
Country: India 1 of 1
Year: 2016 1 of 1