MPS today said it has completed acquisition of Sweden and US-based digital platform firm Magplus for an undisclosed sum.
"The acquisition of Magplus has enhanced our platform capabilities and expanded our reach into newer publishing markets including enterprises and magazine publishers. The enhanced platform capabilities will also position us to advise and support publishers in our existing markets as they define their mobile content strategies," Rahul Arora, CEO, MPS Ltd said in BSE filing.
Magplus was a part of Bonnier Growth Media which is the venture arm of media conglomerate Bonnier.
Bonnier Growth Media CEO Ulrika Saxon said: "Under Staffan Ekholm's leadership, Magplus has succeeded in broadening its offer to new customers and new product categories. I am convinced that MPS, with its focus on platforms and services for content development, will provide a good environment in which Magplus can continue to develop".
MPS Ltd provides platforms and services for content development, production, and distribution and has offices in Orlando, Portland, Durham, and Effingham in the US.
