Japan’s TechnoPro Acquires Indian App Development Studio Robosoft for $ 108 Million – TechCrunch

Japan’s TechnoPro Acquires Indian App Development Studio Robosoft for $ 108 Million – TechCrunch

Robosoft Technologies, an India-based application development studio, said on Tuesday that it reached a definitive agreement to sell the business to Japanese IT services firm TechnoPro for $ 108 million.

Founded in 1996 in Udupi, a small town in the state of Karnataka, in southwestern India, Robosoft Technologies started life as a software development company.

It was one of the first companies in the world to be certified as a Mac OS Developer by Apple and has been recognized by the iPhone maker several times in the decades since.

“We knew that mobile devices were going to be important with the launch of the iPhone and the App Store ecosystem. We began to create mobile applications for clients around the world and we have not looked back ”, describe the companies on their website.

Robosoft, which counts Ascent Capital and Kalaari Capital among its investors, has courted clients operating in various categories including gaming, news, sports, utilities and lifestyle and expanded its offerings to include product advice and design tools. , engineering and analysis.

The original app for the Indian news network NDTV, for example, was developed by Robosoft. Some of his other clients include media giant Viacom and McDonald’s India. It also has clients in the US and the Middle East.

In a statement Tuesday, Robosoft said its current management team will continue to lead the firm. “Robosoft has had a phenomenal journey over the past two decades and has grown by leaps and bounds during this period. The partnership with Ascent Capital and Kalaari Capital heralded an era of strong growth for us and I am very happy that we are handing over the reins of the company to a global player like TechnoPro, ”said Rohith Bhat, founder and CEO of Robosoft.

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“We look forward to a close collaboration with Robosoft in the next phase of the company’s growth and we see tremendous synergies between TechnoPro and Robosoft,” said Takeshi Yagi, president and representative director and chief executive officer of the Tokyo Stock Exchange firm TechnoPro.

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