 "LSE and Deutsche Börse seal $30-bn trading tie-up")
GirnarSoft, the parent company of auto portals CarDekho.com, Gaadi.com and Zigwheels.com, has acquired SaaS startup Connecto in a cash and stock deal. Value of the acquisition was not disclosed.
With this acquisition, GirnarSoft will leverage Connecto's tools to improve user experience across all the websites and apps of the company, said the company in a press release.
Founded in November 2013 by Jagmal Singh and Saurabh Mathur, Connecto has built tools to help product managers and marketers communicate with their customers. It provides users with services like notification engine, A/B testing, custom integrations and automatic user profiles creator.
Amit Jain, co-founder and CEO, GirnarSoft, added "Being a tech-intensive company, we are always on the look-out for more hi-tech startups to augment our tech expertise.
Connecto will help us create user profiles by tracking user behaviour in real time. These user segments can then be interacted with in a personalised manner via web notifications, specific emails, in-app notifications and chrome notifications."
Connecto's Saurabh added, "Connecto was established with an aim to unravel the complexities of human engagement on digital platforms. Joining GirnarSoft will allow us to integrate our existing framework into its robust technological infrastructure and enhance user experience."
Connecto is GirnarSoft's seventh deal in the last two years. Earlier it made a strategic investment in Advanced Structures India. It has acquired Help on Wheels, Drishya360, Zigwheels.com, Gaadi.com and BuyingIQ. The company has also incubated and invested in CollegeDekho.com.
