OnMobile Global, India’s VAS major, has acquired France based speech recognition software provider Telisma S.A. As per the earnings call we had covered recently, OnMobile had indicated two acquisitions, the first within the next two quarters. A comment in the Earnings post by Vas-Guy stated OnMobile will “claim” and buy many more companies to “acquire revenues”, anybody willing to hedge their bets on the next acquisition? We will update this space once financial details are received. OnMobile Global shares rose by 1.56% to close at 646.55.

SEE ALSO: Earnings Call: OnMobile To Acquire 2 Companies This Fiscal; On Hindi WAP, 3G Services, MCommerce

Nikhil adds: OnMobile has acquired 100 percent stake in Telisma. The company has been fairly categorical, saying that they’re not going to acquire companies for entering markets since the premium they’re going to pay for that is too high, and with their operator relationships, they can enter markets on their own strength. So this is about acquiring products. As per their website, Telisma has voice recognition software available in 10 Indian languages - Hindi, Bengali, Tamil, Gujarati, Punjabi, Kannada, Telugu, Malayalam, Marathi, and English. Nothing on whether Laurent Balaine, CEO of Telisma, will remain with the company post acquisition. Ironically, OnMobile had recently completed a deal with Nasdaq listed Nuance Web Solutions for voice based search in 15 different languages, so what happens to that deal now?