OnMobile has acquired 100% stake in Telisma SA, speech recognition software provider.
OnMobile’s multimodal platform product has inbuilt voice recognition technologies as well as SMS, MMS and location-to-host applications. It offers a suite of multimodal applications which have been deployed by leading wireless operators. OnMobile’s international business accounted for 15 per cent of its total revenues of Rs 70 crore in the fourth quarter fiscal 2008. [source]
Educomp Acquires 51% In Learning.com For $24.5 Million
E-learning solutions provider Educomp Solutions has invested $24.5 million for acquiring 51% stake in US-based Learning.com, a provider of web-enhanced instruction.
The transaction includes purchase of existing shares as well as infusion of new capital into the company.
Through this deal, Educomp has got distribution access to over 800 districts and leverages its substantial content development and IT capabilities to reach out to North American markets.[source]