The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems and what that means for industry.
Cybersecurity: F5 acquires SurePath AI
F5 (NASDAQ: FFIV), the a platform in delivering and securing every app and API, today introduced the F5 AI Security Platform to give CISOs continuous visibility, governance, and protection across enterprise AI applications, models, agents, and the APIs connecting them. F5 also announced the acquisition of SurePath AI, a pioneer in network-based AI discovery, intent classification, and shadow AI detection, as a key component in the launch of the new F5 AI Security Platform to safeguard enterprise AI deployments.
“Most AI security today is a wrapper around a chatbot. That is not security,” said Kunal Anand, Chief Product Officer, F5. “Enterprises run AI inside regulated networks, behind APIs, and across agents that authenticate and act on their own. The F5 AI Security Platform gives CISOs and security leaders what they have been missing: continuous control over every model, agent, and API, wherever the AI runs, delivered on the same F5 platform that has secured and delivered enterprise applications for three decades.”
EdTech: Indian Toy Manufacturer KV Toys India Limited Enters Binding Agreement to Acquire 50% Stake in Educational & STEM Toys Brand Play Panda for Up to INR 45 Million
KV Toys India Limited, one of India’s leading toy makers with a strong Made-in-India range, has entered into a binding term sheet to acquire a 50% stake in Play Panda Private Limited, for a consideration of up to INR 45 million. The transaction, which remains subject to the execution of definitive agreements and customary closing conditions, marks KV Toys’ strategic entry into the fast-growing educational and STEM toys segment. Once completed, the deal aims to combine Play Panda’s product innovation capabilities with KV Toys’ manufacturing and distribution strength.
“The toy market in India is changing. More parents now want toys that combine learning with play. Educational and STEM toys are growing fast because families care about overall child development. This investment in Play Panda fits our long-term plan to expand into high-growth categories and keep building quality products for children. We’re excited about what both teams can do together.”
“This partnership marks an exciting new chapter for Play Panda. KV Toys’ manufacturing scale and nationwide distribution network will allow us to bring our educational, DIY and STEM-focused toys to many more children across India. We’ve always believed that learning through play can shape how kids think and grow, and this collaboration gives us the platform to do that at a much larger scale,” said Tushar Saigal Founder, Play Panda.”
CleanTech: Vertiv Completes Acquisition of ThermoKey, Expanding Heat Rejection Portfolio for AI Data Centers
Vertiv (NYSE: VRT), a global company in critical digital infrastructure, announced the completed acquisition of ThermoKey S.p.A., a leading provider of heat rejection and heat-exchange technologies with long-standing relationships across original equipment manufacturers (OEMs) and system integrators.
“Customers are scaling AI infrastructure at an unprecedented pace, and thermal performance is now a critical enabler of capacity and efficiency,” said Giordano Albertazzi, CEO at Vertiv. “With ThermoKey, we are strengthening our capabilities to deliver differentiated, integrated, high-performance heat rejection solutions that help customers deploy faster, operate more efficiently, and scale with confidence.”
Enterprise Software: Cygnet.One Acquires Majority Stake in TechPoint Business Solution, Strengthening SAP Practice
Cygnet.One, a global enterprise technology solutions provider, announced the acquisition of a majority stake in TechPoint Business Solution Pvt. Ltd., a specialized SAP Gold Partner based in Pune, India.
“This acquisition strengthens Cygnet’s SAP practice and expands our ability to deliver end-to-end enterprise transformation programs at scale,” said Keval Hutheesing, CEO, Cygnet.One. “TechPoint’s implementation depth and industry focus are exactly what our global clients need as they navigate ERP modernization and cloud migration. We are excited to build on their strong foundation.”
“Joining Cygnet marks a transformative milestone for TechPoint” said Sandeep Rai, Head of Digital Transformation at TechPoint Business Solution. “We have always believed in delivering outcomes, not just technology. With Cygnet’s global reach and resources, we can do that at a much greater scale for our clients” said Amit Kumar, Business Head at TechPoint Business Solution.
Pharma: HAB Pharmaceuticals Targets INR3,000 Crore Revenue by 2030 Following Strategic Merger
HAB Pharmaceuticals and Research Limited announced an ambitious growth roadmap following the successful completion of its strategic merger with Signature Phytochemical Industries. The merger, finalized in March 2026 through a slump sale transaction, brings both businesses under a single consolidated entity with an estimated turnover of approximately INR600 crore.
