Non-tech companies acquiring tech startups rather than starting a software division from scratch

Sunday, 09 April 2017 - 15:44:27

Harpreet Grover was at a crossroad last year -go it alone or get acquired. His hiring assessment company, CoCubes, which had 600 customers and $2 million in funding from Ojas Ventures, was in acquisition talks with HR consultancy and long-term customer, Aon Hewitt. But a private equity fund was offering a $10 million funding round. "It was a difficult decision -join a big firm or take the funding and stay independent," says Grover.  Read more