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Reliance To Acquire Reverie Technologies For Rs 190 Cr

Reliance Industries Limited (RIL), through its subsidiary Reliance Industrial Investments & Holdings (‘RIIHL’), has acquired three software solutions companies — Reverie Language Technologies Pvt Ltd, Surajya Services Private Limited (‘Easygov’) and SankhyaSutra Labs Pvt Ltd, according to various media outlets.

The acquisition investment will enable Reliance Industries’ digital initiatives that include enterprise-grade high end computing analytical tools and solutions.

Image Source: Google

Bengaluru-based Reverie Language Technologies builds Indian language suits for Chatbots and IVR. Backed by investors like Microsoft Accelerator, Qualcomm Ventures and Aspada, Reverie last raised funding in 2016.

Post acquisition, Reverie would work in collaboration with Reliance ecosystem for integrating. Its services in the various existing digital consumer platforms of the group.

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