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Genex Infosys Acquires G&R Technologies

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Feb 10, 2015
G&R
G&R
Image by Alyssa

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)

Ruhul Kader is a technology and business analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]

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