Vietnamese startup acquires US mobile testing platform
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Vietnamese tech startup Kobiton has acquired U.S.-based mobile testing platform Mobile Labs Inc after raising $14 million for the purpose. Kobiton, which provides a platform for app developers to test their products, said in a statement that the acquisition would help customers deliver apps of higher quality faster by utilizing artificial intelligence.
The acquisition was funded by U.S.-based investment funds BIP Capital and Fulcrum Equity Partners.
Ha Ngoc Vinh Du, director of Kobiton in Vietnam, said that the acquisition was also positive news for the Vietnam tech industry as it confirms the talent of Vietnamese tech engineers among the global tech community.
Jim Douglass, the partner at Fulcrum Equity Partners, said that companies are increasingly reliant on their mobile channels to improve revenues, and they need new ways to test their apps on real devices without sacrificing quality.
Kobiton, with offices in Ho Chi Minh City and Atlanta, U.S., was founded by Vietnam-based KMS Technology in 2016. It has over 50 IT engineers and developers in its employ. Its platform is used by over 60,000 developers worldwide.
Questions & Answers
Q.What is the primary reason Kobiton acquired Mobile Labs Inc?
What is the primary reason Kobiton acquired Mobile Labs Inc?
Kobiton stated the acquisition will help its customers deliver higher quality apps faster. This is achieved by utilising artificial intelligence in their platform, enhancing product testing capabilities for app developers.
Q.Who provided the funding for Kobiton's acquisition of Mobile Labs Inc?
Who provided the funding for Kobiton's acquisition of Mobile Labs Inc?
The acquisition was funded by two U.S.-based investment funds. These were identified as BIP Capital and Fulcrum Equity Partners, who collectively provided $14 million for the purpose.
Q.How many developers currently use Kobiton's platform worldwide?
How many developers currently use Kobiton's platform worldwide?
Kobiton's mobile testing platform is currently used by a substantial number of developers globally. The article states that over 60,000 developers worldwide utilise their services.
Q.What is the significance of this acquisition for the Vietnamese tech industry?
What is the significance of this acquisition for the Vietnamese tech industry?
Ha Ngoc Vinh Du of Kobiton stated that the acquisition confirms the talent of Vietnamese tech engineers. It is seen as positive news for the industry, boosting its reputation within the global tech community.