• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore, July 1 OnMobile Global Ltd, provider of Value Added Service (VAS) and data solutions for mobile, landline and media service providers, said it acquired speech recognition company Telisma SA for €11 million.

Telisma was created in August 2000 as a spin-off from France Telecom’s Research and Development Laboratory funded by European venture capital firms, OnMobile said in a statement.

The acquisition was funded by money raised from their initial public offering as well as internal accruals, said Mr Arvind Rao, Co-founder and Chief Executive, OnMobile.

He said the acquisition was done mostly to get the technology developed by Telisma. Telisma’s speech recognition products and expertise will enable OnMobile to grow faster.

More Stories on : Overseas Investments | Mergers & Acquisitions | Telecommunications

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Kavveri Tele's new focus

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line