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Genex Infosys Acquires G&R Technologies

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In a report disclosed by the Daily Star says, Genex Infosys Ltd has acquired Green and Red Technologies (G&R), the country's leading online advertising marketplace. Genex Infosys is the largest call centre operator in Bangladesh. With this new acquisition the company aims to diversify and expand its business.

The report says, the company has spent 'multi-million dollar' to buy G&R, however, the exact figure is yet to disclose.

G&R is one of the fastest growing tech startups in Dhak and it has served more than one billion ads on Bangla language websites since launching operations three years ago. This year the company projected to grow bigger than Google's display network in Bangladesh.

In a statement Adnan Imam, managing director of Genex said “We are very excited to bring G&R into the Genex business groups.We see a lot of synergy between our companies and we will continue to invest in building our combined businesses, he added.

(Source: The Daily Star)

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at ruhul@futurestartup.com

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