Business
Bharti Airtel buys around 25% stake in startup Lavelle Networks
Telecom operator Bharti Airtel on Monday announced an agreement to acquire a roughly 25% stake in Bengaluru-based tech startup Lavelle Networks. In addition, ASM Technologies, a global provider of technical engineering and product development services, made a follow-on investment in Lavelle Networks.
In a statement on Monday, Airtel announced the acquisition of a strategic stake of about 25% in SD-WAN startup Lavelle Networks, but did not disclose financial details of the transaction involving the cash consideration.
Lavelle Networks specializes in software-defined wide area network (WAN) solutions that serve a range of industry sectors.
“As more businesses turn to cloud-based applications to serve customers in a digital-first ecosystem, they need on-demand and reliable network connectivity,” Airtel said in the release.
As a result, there is an increasing demand for software-defined solutions that can flexibly serve cloud-based hybrid IT environments.
Airtel Business’ Network as a Service (NaaS) is a digital platform focused on emerging connectivity needs as businesses adopt cloud and digital.
In the NaaS portfolio, Airtel will provide software-defined connectivity solutions from Lavelle Networks and co-create a range of innovations as part of its platform.
“It also aims to bring ‘Made in India’ products and solutions to businesses by providing cutting-edge technology and cost-effectiveness,” said Airtel.
The indicative time period for the completion of the acquisition is February 28, 2022.
Airtel said in a regulatory filing: “The acquisition of the stake in the investee company was done at a pre-financed corporate valuation agreed upon by both parties. For confidentiality reasons, the said valuation is not disclosed here.” Consider cash.
Founded in 2015, Lavelle Networks is a networking software startup that provides cloud-based technology to optimize security and manage enterprise branch offices.
In addition, ASM Technologies, a provider of technical engineering and product development services, has made a follow-on investment in Lavelle Networks, the companies said in a statement, without providing details of the investment.
“ASM Technologies has been a partner of Lavelle Networks since its inception and even co-founded a Software-Defined Networking Center of Excellence (CoE) in Bangalore last year,” it added.
Earlier this month, Lavelle Networks was selected into the latest cohort of the Google for Startups Accelerator (GFSA) India program, which helps high-potential Indian tech startups build and scale in their early years.
Complete News Source : Business Standard
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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