Some of the fallouts happening in India, as global Tech Giants consolidate, are the mergers. The business circle is ripe with the fact that it is only logical that Macromedia Development centre in Bangalore will be merged with the Adobe Development Centre in India. It is also learnt that Macromedia’s 8.1% stake in Mumbai-based mobile gaming company, Indiagames, is moving to Adobe India too. A combined stake of 18.2% in Indiagames was acquired by Macromedia and “Cisco Systems (Cisco Systems)”:http://www.cisco.com/ for $4m from existing Investor TOM Online recently.
Adobe India development centre consist of over 500 developers which is its second-largest outside the US and the third largest overall. It contributes over 20% of the company’s engineering efforts and has already filed 25 patents. From the business circle, it is also learnt that the company plan to invest about a sum of $50m by 2007 in India alone.
Article: Cisco/Macromedia Buy Into Indiagames
Brajeshwar posted this article
on Tue, May 17th, 2005 at 7:42 am
Categorized under General






Comments Post Yours
There are no response so far. You can follow any responses to this entry through the RSS feed. You can skip to the end and leave a response. Pinging is currently not allowed.
Post yours