Affle (India) acquires Israel-based DiscoverTech for $1.15 million
January 27, 2021
Anuj Khanna Sohum, Chairman, MD and CEO, Affle× Affle (India) Ltd, a mobile commerce and marketing solutions provider, has acquired Israel-registered DiscoverTech Ltd’s business assets for $1.15 million in cash.
The deal also includes a maximum success fee (payments based on achieving certain milestones) of $3.37 million to be paid over four years.
The acquisition would fortify Affle s vernacular on-device consumer experiences and strengthen the ecosystem connect with advertisers, Original Equipment Manufacturers and Mobile Network Operators across India, global emerging markets in general and Africa in particular, the company said in a statement.