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Altruist Acquires Mobile App Co RelayStrategy

Exclusive: Mobile value added services company Altruist has acquired RelayStrategy, a mobile applications and IT solutions development company, Anuj Aggarwal, co-Founder Altruist, confirmed to MediaNama. It's a "100% acquisition, except the ESOPS", Aggarwal said, and an all cash deal, though he declined to disclose the amount. This deal comes almost three weeks after the company had announced the acquisition of 20% stake in VAS Retail and Voice gaming company Vegam. With the acquisition, Altruist now has competency for Voice, SMS, WAP and Applications: it was primarily a voice based services company before the acquisition of Mobile2Win acquisition in 2009 (for SMS competency), and with RelayStrategy, the company has acquired WAP and Mobile App development competency. Aggarwal said that they had been working with RelayStrategy for the last two quarters, on mobile app development. RelayStrategy provides IT services to some clients,…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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