ThunderSoft buys Bulgaria's MM Solutions

Updated 2017-12-05 13:31:57 Global Times

Chinese software company Thunder Software Technology Co (ThunderSoft) announced on Monday that it has acquired Bulgarian mobile image software provider MM Solutions AD in an all-cash deal, through its wholly owned unit in Europe.

ThunderSoft said in a statement that its subsidiary AchieveSky Europe SARL signed an agreement with seller Texas Instruments Inc to buy 100 percent stake in the Bulgarian company for 31 million euros (.79 million).

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.

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