Im June Simms.
And Im Jonathan Evans. You are listening to As It Is from Learning English.
India is home to tens of thousands of computer software engineers and a growing Information Technology industry. The Internet companies Facebook and Google recently purchased two India-based technology start-up companies. The business deals are expected to influence others to launch start-up companies in the country. June Simms has more.
Interest Increases in Indian Start-Up Companies
Facebook closed its deal to buy Little Eye Labs in early January. Four engineers in Bangalore launched Little Eye Labs about a year and a half ago. The company builds mobile application software tools. The deal is said to be worth between $10 and 15 million. It is the first time Facebook has purchased an Indian start-up company.
?Google bought the cyber security company, Imperium. Imperium has offices in Bangalore and California. Media reports set the value of the deal at about $9 million.
The two deals are considered small, but important. Experts say they will help increase interest in Indian start-ups among foreign technology companies. Such businesses often buy small companies either for the technology they develop or the ability of their creators.
Rutvik Doshi is with Inventus Capital Partners, an investment company in Bangalore.
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