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Cyanogen to expand in India, look at buying startups

  • Cyanogen, which has
    developed an open-source mobile operating system, plans to expand aggressively
    in India
    to tap the opportunities offered by the world’s fastest growing smartphone
    market, reported the
    Economic Times.
  •  
  • The US-based company
    • Cyanogen, which has
      developed an open-source mobile operating system, plans to expand aggressively
      in India
      to tap the opportunities offered by the world’s fastest growing smartphone
      market, reported the
      Economic Times.
    •  
    • The US-based company
      is also evaluating possibilities to invest in or acquire startups to strengthen
      its product offerings.
    •  
    • “We are going to
      expand in India
      aggressively, and you can expect to see a lot more of us next year. Our
      Bengaluru team has 11 people, which will grow up to 60 people by the end of
      2016,” co-founder and chief executive Kirt McMaster told
      ET.
    •  
    • Cyanogen, which
      received $80 million financing from a bunch of investors including Premji
      Invest, Twitter Ventures and Qualcomm, has just opened an office in Bengaluru.
    •  
    • It hired Qualcomm’s
      former vice president of engineering, Sachin Shirhatti, to head the team to
      build new products as well as focus on business development in India. “India is the
      fastest growing mobile market in the planet and we are here to support it. The
      big focus of the financing is to expand in India,” McMaster said.
    •  
    • Cyanogen started as
      an open-source project, CyanogenMod, to pit against Google’s Android operating
      system in 2009, before becoming a full-fledged company in 2013. In India, the
      company officially entered through an exclusive partnership with Micromax’s
      online brand Yu, which has so far launched three smartphones running the
      Cyanogen operating system.
    •  
    • The company is
      currently working with a number of Indian as well as international vendors to
      launch smartphones running its platform in India next year, the report said.
    •  
    • “One of the
      reasons we partnered with Micromax because they understand the market and
      consumers in India…
      It’s really important for Cyanogen to go beyond the enthusiasts’ community. We
      want to take the value of this community to mass market,” McMaster said.
    •  
    • On acquisition and
      investment plans, McMaster said Cyanogen is looking at several companies in India. “We
      would love to meet entrepreneurs and technology companies that have great
      technologies local to India.”

     

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