MUMBAI: Mukta Arts has acquired 51 per cent controlling stake in the Chennai-based VAS (value added service) company, Coruscant Tec.
The deal also allows Mukta Arts the option of acquiring the balance 49 per cent.
Coruscant will provide a platform for Mukta Arts‘ short content created by Whistling Woods students and its audio and film content.
Founded in 2003 by Ajay Adiseshann and Probir Roy, Coruscant Tec claims to be one of the first companies to provide content and applications related to the mobile value added services space (MVAS). These cover ringtones, wallpapers, Video on Demand, applications, m-comics, mobizines, mobiepisodes and java games.
Coruscant Tec already has several tie-ups in place for content aggregation as well as for distribution of content through major telcos.
Coruscant is undercapitalised and was seeking investors who could create and aggregate content which is the key to this business, Mukta Arts said.
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