US-based Kirusa buys Indian mobile start-up PlusRay Innovations
Bangalore: PlusRay Innovations Pvt. Ltd, a Bangalore-based start-up that has built a mobile phone messaging application Cooltok, on Monday said it was acquired by New Jersey-based social media company Kirusa Inc. for an undisclosed sum.
“The IP (Internet protocol) based technologies that we developed for mobile apps, when combined with the product portfolio of Kirusa and the reach of its partner base across continents, will enable us to address a huge opportunity going forward,” said Sreenivas Karanam, founder and chief executive officer, PlusRay Innovations.
The company was founded in April 2012 by Karanam, Prakash Kaja and Thomas Mathew.
PlusRay Innovations builds technologies for mobile messaging applications on smartphone platforms.
The prototype of the application is available for download on the Google Play store and allows users to text, voice chat, group chat and share pictures and files—similar to WhatsApp Inc. that got acquired for $19 billion by Facebook Inc.—with an additional function of making phone calls.
The Cooltok team, comprising six members including the founding team, will move to Kirusa’s office in Bangalore.