Match Group will buy social networking company Hyperconnect for $ 1.73 billion.
Match Group, which also owns popular dating apps Tinder and Hinge, today announced that they will buy social networking company Hyperconnect for a joint cash and stock deal.
Match Group, which also owns popular dating apps Tinder and Hinge, today announced that they will buy social networking company Hyperconnect for a joint cash and stock deal.
HyperConnect, revenue which, according to forecasts, in 2020 will be $ 200 million (50% more than in 2019), consists of two applications - Azar and Hakuna Live, that allows users to connect through language barriers. These two directions complement each other:
Azar focuses on one-to-one video chats, and Hakuna Live focuses on the online streaming market. 75% of Hyperconnect's revenue comes from Asia. The company has created the “first mobile version” of a well-developed standard that is designed to provide resilient peer-to-peer...
connections between users without relying on the company as an intermediary.
Hyperconnect has built an infrastructure to support two users who speak and write different languages to interact with each other directly through their applications in real-time translation.
Hyperconnect has built an infrastructure to support two users who speak and write different languages to interact with each other directly through their applications in real-time translation.
A marketing post on Google Cloud says that Hyperconnect is a regular customer of cloud-based speech services, translation APIs, and real-time messaging. In a joint press statement from the companies, both sides emphasized that R&D and engineering are key achievements of the deal.
Match Group has not yet disclosed plans for a new acquisition.
Titan.
Titan.
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