Arre, the digital media company floated by serial entrepreneur Ronnie Screwvala and former media executives B Saikumar and Ajay Chacko, has acquired Apalya Technologies — a Hyderabad-based video delivery company, in an all-cash deal. According to sources close to the deal, Screwvala and partners have paid between Rs 20 crore and Rs 25 crore for the technology company. With the acquisition, all of Apalya’s existing investors, including IDG ventures, Cisco, Kalaari Capital an .. Read more at: http://economictimes.indiatimes.com/articleshow/50275882.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesRonnie Screwvala’s Arre acquires Apalya Technologies in all-cash deal.
Industry: Media 2015-12-23
