Smackall Games - Mobile Game Developer

Mobile Game Development News

Indian Firm OnMobile Acquires Mobile Data Software Firm ITFinity

OnMobile, an Indian mobile content and commerce services provider, has acquired ITFinity, a mobile software firm, for about $15million-$20 million, The Economic Times reports, quoting sources. ITFinity, headquartered in Mumbai, is funded by private investors like Rajat Gupta of McKinsey, Ashish Dhawan of ChrysCapital, Luis Miranda of India Development Fund, Mumbai investment bank Edelweiss Capital and Rajesh TS Reddy, former founder of Unimobile.

In October this year, OnMobile had raised $27.8 million from a clutch of investors including Deutsche Bank, Goldman Sachs and Polygon Investment Partners. They together picked up 10 per cent stake in OnMobile, reportedly valuing the Infosys-backed company at $270 million.

Other Common News:
1) Keynote Systems Launches Testing Service for Mobile Content
2) Moshir to invest in mobile, entertainment
3) Using Mobile Community Site Itsmy.com
4) Consilient Launches Free Push Email Application for Five Mobile Accounts
5) U.S. Cellular announces My Contacts Backup program



Copyright © 2012 Smackall Games Pvt Ltd. All rights reserved.