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) Masabi unveils mobile banking prototype
2) JuiceCaster3.0 Enables Users to Easily Post Pictures and Videos From Their Mobile Phones Directly to Any Web Site or Online Personal Page
3) Introducing OrbitzTLC Mobile Access: Reaching Out By Letting Customers Reach In
4) Glu?s free mobile games(Demo) available
5) Sprint and QUALCOMM launch two-way mobile workflow management solution for the transportation industry



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