Japan’s TechnoPro acquires Indian app growth studio Robosoft for $108 million – TechCrunch

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Robosoft Applied sciences, an India-headquartered app growth studio, stated on Tuesday it has reached a definitive settlement to promote the enterprise to Japan’s IT providers agency TechnoPro for $108 million.

Based in 1996 in Udupi, a small city within the Southwest Indian state of Karnataka, Robosoft Applied sciences began its journey as a software program growth agency.

It was one of many earliest companies globally to be licensed as Mac OS developer by Apple and has been acknowledged by the iPhone-maker a number of occasions within the many years since.

“We knew cell was going to be huge with the launch of iPhone and the App Retailer ecosystem. We started constructing cell apps for purchasers throughout the globe and there’s been no trying again,” the businesses describes on its web site.

Robosoft, which counts Ascent Capital and Kalaari Capital amongst its traders, has courted purchasers working in a number of classes together with video games, information, sports activities, utilities and life-style and expanded its choices to incorporate product advisory, and instruments for design, engineering and analytics.

The unique app for the Indian information community NDTV, for example, was developed by Robosoft. A few of its different purchasers embrace media large Viacom and McDonald’s India. It has purchasers within the U.S. and Center East as properly.

In a press release on Tuesday, Robosoft stated its present administration crew will proceed to guide the agency. “Robosoft has had an exceptional journey over the past 20 years and has grown by leaps and bounds throughout this era. The partnership with Ascent Capital and Kalaari Capital heralded a powerful development period for us and I’m very comfortable that we’re handing over the reins of the Firm to a worldwide participant like TechnoPro,” stated Rohith Bhat, Founder and Managing Director of Robosoft.

“We look ahead to a detailed collaboration with Robosoft within the firm’s subsequent section of development and see great synergies between TechnoPro and Robosoft,” stated Takeshi Yagi, President and Consultant Director and CEO of Tokyo Inventory Trade-listed agency TechnoPro.

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