The exact terms of the deal are not disclosed by both the parties yet.
Azuyo is a 6 year old company that has built several award-winning and highly popular mobile apps that are use in the market. It has done commendable amount of work in the areas of Media, entertainment and games in addition to several applications in the areas of Mobile Health, Social Networking, Enterprise Apps and Wearable technology.
According to Srikanth Jallapuram, the founder & CEO of Technovature Software Solutions,
"We are very excited about this acquisition as it enables Technovature to tap into the larger mobile apps market both locally and across the globe and we will use the acquisition to power the Mobile Computing and Services Unit of Technovature.
We have a larger vision to tap into new technology trends such as Mobile Health, Mobile Enterprise, Social Apps, Wearable computing and Mobile Analytics and build best-in-class solutions for the consumers, SMB as well as the Fortune-500 companies"
Technovature is a leading Big Data and Analytics Solutions provider based out of Bangalore with offices in Bay Area and Hyderabad, India.