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New Providence-based Kirusa acquires Cooltok

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New Providence-based Kirusa, a leader in voice and social media solutions for emerging markets, announced Monday it has acquired Cooltok, also known as Plusray.

According to the announcement, Cooltok works on mobile messaging apps for smartphones.  The Cooltok team, including founder and CEO Sreenivas Karanam, co-founders Prakash Kaja and Thomas Mathew, will join Kirusa’s office in Bangalore, India.

The Cooltok app, available on Google Play store, shares the goals of InstaVoice, a mobile app developed by Kirusa that allows you to communicate with other InstaVoice users through voice messages. 

The acquisition, according to the announcement, will allow Kirusa to “accelerate realization of its vision of bringing the next generation of messaging apps that deliver unparalleled value to mobile users.”

"The IP based technologies that we developed for mobile apps, when combined with the product portfolio of Kirusa and the reach of its partner base across continents, will enable us to address a huge opportunity going forward. We are excited to join Kirusa and be a part of its vision to be the leader in this space,” Karanam said in a prepared statement.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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