Japan’s TechnoPro acquires India’s Robosoft for $108 million

Robosoft Technologies, an India-headquartered builder of digital solutions, pronounced on Tuesday it has reached a decisive agreement to sell a business to Japan’s IT services organisation TechnoPro for $108 million.

Founded in 1996, Robosoft Technologies started a tour as a program services organisation specialising on a Mac height and afterwards offering app expansion as a service.

Robosoft was one of a beginning firms globally to be approved as Mac OS developer by Apple and has been famous by a iPhone-maker several times in a decades since.

“We knew mobile was going to be large with a launch of iPhone and a App Store ecosystem. We began building mobile apps for clients opposite a creation and there’s been no looking back,” a companies describes on a website.

Robosoft, that counts Ascent Capital and Kalaari Capital among a investors, has courted clients handling in several categories including games, news, sports, utilities and lifestyle and stretched a offerings to embody product advisory, and collection for design, engineering and analytics.

The strange app for a Indian news network NDTV, for instance, was grown by Robosoft. Some of a other clients embody media hulk Viacom and McDonald’s India. It has clients in a U.S. and Middle East as well.

Since 2017, Robosoft has been attempting to position as a ‘digital solutions’ company.

In a matter on Tuesday, Robosoft pronounced a stream government group will continue to lead a firm. “Robosoft has had a unusual tour over a final dual decades and has grown by leaps and end during this period. The partnership with Ascent Capital and Kalaari Capital heralded a clever expansion epoch for us and we am really happy that we are handing over a reins of a Company to a tellurian actor like TechnoPro,” pronounced Rohith Bhat, Founder and Managing Director of Robosoft.

“We demeanour brazen to a tighten partnership with Robosoft in a company’s subsequent proviso of expansion and see extensive synergies between TechnoPro and Robosoft,” pronounced Takeshi Yagi, President and Representative Director and CEO of Tokyo Stock Exchange-listed organisation TechnoPro.