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ND SatCom forms JV with Grintex Communications Ltd
MUMBAI: ND SatCom, a global supplier of satellite-based broadband VSAT, broadcast and defence communication network solutions has announced the formation of a 50-50 joint venture with Grintex India Ltd.
ND SatCom-Grintex Communications Limited will offer the complete ND SatCom product portfolio and is based out of the multinational corporate hub at Gurgaon, just outside New Delhi, a location which will enable ND SatCom to optimally serve its local clients.
The joint venture will boost activities on the Indian subcontinent to meet the growing demand for satellite communication as the region further realizes its economic potential. The main target markets are the government and broadcast sectors of India, Bangladesh, Nepal, Bhutan and Sri Lanka.
ND Sat Com chairman & CEO Dr Karl Classen will also function as the chairman of ND SatCom-Grintex Communications Ltd. Hariharan Gautam heads the new Indian company as CEO and is supported by a highly qualified and experienced local sales and engineering team.
“From a strategic point of view, the joint venture creates a future-oriented starting point to position ND SatCom-Grintex Communications Ltd. prominently in India and the South Asian region. It is a good platform to reach out to other markets in the region,” comments Gautam.
Dr Karl Classen emphasizes, “The official opening of ND SatCom’s India joint venture represents our long term commitment to become a major provider of satellite communication solutions in this important emerging market.”
Over the last three years, ND SatCom has successfully implemented its policy of establishing itself as a global company with strategic local representations.
Headquartered in Germany, ND SatCom has subsidiaries in Abu Dhabi (UAE), Beijing (China), Dallas (USA) and Moscow (Russia). Furthermore, the company operates through its regional sales and service offices around the world, including Mexico City, Miami and Singapore.
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Canva acquires animation and AI startups Cavalry and MangoAI
The deals strengthen Canva’s push into enterprise and AI-led design workflows
AUSTRALIA: Global visual communication platform Canva has stepped up its acquisition drive, buying UK-based 2D animation platform Cavalry and US-based AI startup MangoAI to deepen its AI-powered creative stack.
Cavalry, whose tools are used by brands including Amazon, Meta, Google and Netflix, will strengthen Canva’s motion design capabilities. The deal builds on Canva’s 2024 acquisition of Affinity, which has crossed four million downloads since launch. With Cavalry, Canva now counts seven Europe-based acquisitions, underscoring its global expansion strategy.
MangoAI, an early-stage startup focused on video advertising optimisation, will integrate its reinforcement learning systems into Canva AI. The move aims to enable brands to generate personalised marketing content in real time, cutting production cycles while improving campaign performance. MangoAI co-founder Vinith Misra will join Canva as reinforcement learning lead in its research lab.
Canva co-founder and chief operating officer Cliff Obrecht said the acquisitions reflect the company’s ambition to make professional-grade creative tools more accessible without sidelining human creativity. The goal, he said, is to bring everything from vector to motion design into a single, integrated suite.
The company now reports 265 million active users, including 31 million paid subscribers, and $4 billion in annualised revenue, up 36 per cent year on year. The latest buys further position Canva against rivals such as Adobe and Apple’s Creator Studio as it pushes deeper into enterprise workflows.
Canva head of pro design marketing Liam Fisher, said AI is intended to act as a creative assistant rather than a replacement, reinforcing the primacy of craft and individual design judgement.
