Udupi: Japan’s Technopro Holdings acquires Udupi-based Robosoft for Rs 805 crore
Udupi: The Udupi-headquartered Robosoft Technologies Pvt Ltd, a leading provider of digital transformation solutions for enterprises, has signed a definitive agreement with TechnoPro Holdings of Japan for the sale of 100 per cent stake in the company.
Also Read: Karnataka may lockdown after Aug 15: Revenue minister R Ashok said will impose Strict Covid restriction
To be executed in two tranches, the estimated price of the deal in the first tranche is approximately Rs 805 crore. Founded in 1996, Robosoft Technologies started its journey as a software services firm specialising on the Mac platform and then offered app development as a service.
Robosoft was one of the earliest firms globally to be certified as Mac OS developer by Apple and has been recognized by the iPhone-maker several times in the decades since. “We knew mobile was going to be big with the launch of iPhone and the App Store ecosystem. We began building mobile apps for clients across the globe and there’s been no looking back,” the companies describe on its website.
Also Read: Merger 865 Karnataka villages with Maharashtra: Mumbai mayor writes to PM Modi
Robosoft, which counts Ascent Capital and Kalaari Capital among its investors, has courted clients operating in several categories including games, news, sports, utilities and lifestyle and expanded its offerings to include product advisory, and tools for design, engineering and analytics. The original app for the Indian news network NDTV, for instance, was developed by Robosoft. Some of its other clients include media giant Viacom and McDonald’s India. It has clients in the U.S. and Middle East as well.
Since 2017, Robosoft has been attempting to position as a ‘digital solutions’ company. In a statement on Tuesday, Robosoft said its current management team will continue to lead the firm. “Robosoft has had a phenomenal journey over the last two decades and has grown by leaps and bounds during this period. The partnership with Ascent Capital and Kalaari Capital heralded a strong growth era 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 Managing Director of Robosoft.
Comments are closed.