Japan’s TechnoPro acquires Indian app advancement studio Robosoft for $108 million

Robosoft Technologies, an India-headquartered app advancement studio, stated on Tuesday it has actually reached a definitive arrangement to offer business to Japan’s IT services firm TechnoPro for $108 million.

Founded in 1996 in Udupi, a small town in the Southwest Indian state of Karnataka, Robosoft Technologies began its journey as a software advancement firm.

It was one of the earliest companies worldwide to be accredited as Mac OS designer by Apple and has actually been recognized by the iPhone-maker several times in the decades given that.

“We knew mobile was going to be huge with the launch of iPhone and the App Shop community. We started constructing mobile apps for clients around the world and there’s been no looking back,” the companies describes on its website.

Robosoft, which counts Climb Capital and Kalaari Capital among its investors, has actually courted customers running in a number of categories including video games, news, sports, energies and way of life and expanded its offerings to include product advisory, and tools for style, engineering and analytics.

The initial app for the Indian news network NDTV, for example, was established by Robosoft. Some of its other clients consist of media huge Viacom and McDonald’s India. It has customers in the U.S. and Middle East too.

In a statement on Tuesday, Robosoft said its present management team will continue to lead the company. “Robosoft has actually had an extraordinary journey over the last two decades and has grown by leaps and bounds throughout this duration. The collaboration with Climb Capital and Kalaari Capital declared a strong growth era for us and I am really pleased that we are handing over the reins of the Company to a worldwide player like TechnoPro,” stated Rohith Bhat, Founder and Managing Director of Robosoft.

“We look forward to a close partnership with Robosoft in the company’s next phase of growth and see remarkable synergies between TechnoPro and Robosoft,” said Takeshi Yagi, President and Agent Director and CEO of Tokyo Stock Exchange-listed company TechnoPro.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.