M&A: The art of the deal

The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems and what that means for industry.

Gaming: Nazara Technologies Limited Acquires Curve Digital Entertainment Ltd

Nazara Technologies Limited (BSE: 543280 | NSE: NAZARA), Indian publicly listed gaming company, announced the acquisition of 100% ownership in Curve Digital Entertainment Ltd (“Curve Games”), a highly reputed UK-based publisher of PC and console games for INR 247 crores (GBP 21.7 million).

This strategic move strengthens Nazara’s presence in gaming, unlocking access to platforms, genres, and geographies in the US $100 bn+ global PC and console gaming market. The acquisition is consistent with Nazara’s established business strategy of building a diverse portfolio of businesses through targeted acquisitions across interactive gaming and sports media.

Nitish Mittersain, CEO of Nazara Technologies, said, “Curve’s proven expertise in PC and Console publishing makes them an ideal partner as we expand our focus beyond mobile into high-quality, cross-platform gaming. This acquisition deepens our capabilities, brings exceptional IP into our fold, and strengthens our mission in building Nazara as a global gaming powerhouse from India. Curve will also serve as a gateway to the world for Indian game developers.”

Cybersecurity: Check Point® Software Technologies Ltd. Acquires Veriti Cybersecurity

AI-fueled attacks and hyperconnected IT environments have made threat exposure one of the most urgent cybersecurity challenges facing enterprises today. In response, Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, announced a definitive agreement to acquire Veriti Cybersecurity, the first fully automated, multi-vendor pre-emptive threat exposure and mitigation platform.

“The acquisition of Veriti marks a significant step toward realizing our hybrid mesh security vision,” said Nadav Zafrir, CEO at Check Point Software Technologies. “It strengthens the Infinity Platform’s open-garden approach, enabling seamless, multi-vendor remediation across the entire security stack. With Veriti, we’re advancing preemptive, prevention-first security – an imperative in today’s AI-driven threat landscape.”

EdTech: Imarticus Learning Acquires MyCaptain

India’s leading professional education firm, Imarticus Learning, today announced that it has acquired MyCaptain for INR 50 crores. MyCaptain is an Edtech company empowering College Students, Fresh Graduates and Early professionals with skills and jobs in new-age, non-tech careers. MyCaptain has over 5L learners on its platform and witnessed a strong growth, clocking a revenue of INR 27Cr last year, with an EBITDA breakeven. MyCaptain also boasts an  NPS of 70, one of the highest in the Education industry in India. Imarticus Learning is looking to support the company scale by at least 5X over the next 3 years.

Nikhil Barshikar, Founder and CEO of Imarticus Learning, said, “Our collaboration with MyCaptain marks a pivotal step in strengthening Imarticus’ vision to be the lifelong career partner for learners across their journey. What Zeeshan, Ruhan, and Sameer have built with MyCaptain is a company rooted in strong values, vision, and real-world impact. We’re thrilled to welcome them into the Imarticus family as we shape the next phase of growth together.

While previous acquisitions have helped us diversify our portfolio and address evolving learner needs, with MyCaptain, we aim to deepen accessibility in non-tech career domains and significantly expand our reach in Tier 2+ cities. As we set our sights on both India and global expansion, our shared goal is to impact 5 million learners by FY28, driven by innovation, inclusion, and long-term growth.”

Cloud: Zscaler Acquires Red Canary

Zscaler, Inc. (NASDAQ: ZS), the cloud security platform, announced it has signed a definitive agreement to acquire Red Canary, a recognized company in Managed Detection and Response (MDR). With over 10 years of expertise in security operations (SecOps), Red Canary has enabled its extensive customer base to investigate threats up to 10 times faster with 99.6% accuracy, while streamlining workflows through automated remediation. Combined with Zscaler’s massive amounts of high-quality data—derived from the world’s largest security cloud—and global intelligence from its ThreatLabz Security Research team, the combination will deliver a unified, agentic Security Operations Center (SOC) that combines AI-driven workflows with human expertise. These complementary capabilities will redefine how businesses detect, respond to, and mitigate modern cyber threats.

“With our innovative AI-powered risk management services like Risk360 and the acquired data fabric technology from Avalor, we are disrupting legacy security operations just like we did with our Zero Trust ExchangeTM platform,” said Jay Chaudhry, CEO, Chairman, and Founder of Zscaler. “The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. By integrating Red Canary with Zscaler, we will deliver to our customers the power of a fully integrated Zero Trust platform and AI-powered security operations.”

Ecommerce: BLACK by KiranaPro Acquires Likeo

KiranaPro, India’s fully ONDC-integrated, AI-powered quick commerce platform, has announced the acquisition of Likeo (likeo.me), a startup specialising in augmented reality–powered virtual try-on technology. With this strategic move, KiranaPro is bringing Likeo’s immersive trial room experience directly into BLACK, a fashion-forward commerce platform built for Gen Z and tech-savvy shoppers.

“This acquisition is a bold step in our vision to reinvent online shopping in India,” said Deepak Ravindran, Founder & CEO of KiranaPro. He added, “BLACK is not just an app — it’s a cultural movement, and Likeo’s tech allows us to give users a mirrorless shopping experience that’s deeply personal, fun, and frictionless. With Saurav joining us, we’re doubling down on AI and visual intelligence to redefine how Gen Z discovers and shops online.”

“Joining KiranaPro to build for BLACK is the perfect match of vision and velocity,” said Saurav Kumar, Founder & CEO of Likeo. “We’ve always believed virtual try-on can remove hesitation and bring confidence to the online purchase journey. With BLACK, we finally have a canvas to scale this to millions — making shopping more playful, expressive, and real. I’m thrilled to join the leadership team and bring deep AI innovation to the heart of the BLACK experience.”