Robosoft acquired by Japan’s TechnoPro in a $108 million deal

TechnoPro is a Tokyo stock exchange-listed firm

Robosoft acquired by Japan’s TechnoPro in a $108 million deal

Robosoft Technologies- a Udupi-based maker of digital solutions is going to be acquired by Japan’s IT services firm TechnoPro. Robosoft confirmed that the parties have reached an agreement and the deal will be worth $108 million (approximately Rs.800 crores). Robosoft began its journey as a software services firm in 1996. It initially focused on the Mac platform and later turned into app development. It is also one of the first firms to be certified as a Mac OS developer by Apple. 

With Ascent Capital and Kalaari Capital as its investors, Robosoft had ventured into different fields including games, news, sports, utilities, and lifestyle. The firm also entered into service offerings in several areas like product advisory, and tools for design, engineering, and analytics. For instance, the NDTV news network’s original app was developed by Robosoft. Its clients include Viacom and McDonald’s India. 

The statement which was released by Robosoft on Tuesday clarified that its present management team will continue in their respective position to lead the firm. Robosoft’s founder and Managing director expressed that “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.”

TechnoPro’s president, representative director, and CEO Takesh Yagi said that “We look forward to a close collaboration with Robosoft in the company’s next phase of growth and see tremendous synergies between TechnoPro and Robosoft.”