Qualcomm, has bought Mango’s handset user interface software with a PC-based customization kit that allows developers to create mobile applications.
Mango has announced the sale of few of its products to Qualcomm Inc.
Ojas Ventures, the $35-million early stage venture fund floated by N S Raghavan, the co-founder and former joint managing director of Infosys, has made its first exit from its investment in Bangalore-based Mango Technologies Pvt Ltd.
The exit for Ojas follows Mango Technologies’ move to sell few of its products to Qualcomm Incorporated, the world’s largest wireless semiconductor company. As part of this transaction, Qualcomm received mobile handset user interface (UI) software and a PC-based UI customization toolkit from Mango. The value of the deal was not disclosed. The deal with Qualcomm has offered an exit window for both Ojas, which is the first institutional investor, and other angel investors in Mango.
Reference Links:
http://www.vccircle.com/500/news/ojas-makes-its-first-exit-with-mango-technologies
http://www.livemint.com/2010/02/03231305/Ojas-exits-Mango-Tech-after-Qu.html
http://contentsutra.com/article/419-ojas-ventures-invests-in-software-solution-provider-mango-technologies/
