Chinese software company Thunder Software Technology Co (ThunderSoft) acquires MM Solutions AD – Bulgarian mobile image software provider, in a deal for 31 million euros.
MM Solutions develops imaging for mobile phones, the Internet of Things and automobiles and is a leading European developer of state-of-the-art mobile and industrial graphics imaging technology with 16 years advanced image processing algorithm development, optimization and integration capabilities. Over the years, the company has provided software for over 60 models of mobile devices from Samsung, LG, Sony, and Huawei.
ThunderSoft is planning to launch auto-smart integrated systems and the merger would strengthen the company’s technical and R&D capabilities to enhance its global market competitiveness in the visual and artificial intelligence fields.
Thunder Software Technology Co., Ltd. is a provider of mobile intelligent terminal operating system platforms and platform technologies. Its products and services are used in IoT intelligent terminals, such as smartphones, intelligent vehicle systems and intelligent hardware, among others. The Company operates businesses in China, Europe, America, and Japan.
ThunderSoft said the deal would strengthen its capabilities in sectors such as image technologies research and development as well as its endeavors in the artificial intelligence area.