After years of rumors, Microsoft finally has signed an agreement to acquire Xamarin, one of the Nine top startups in the Internet. Xamarin is a company a company that provide assistance to developers to develop completely native mobile apps across various platforms from a single shared code base. This mobile Application focused deal is all about mobile app developers, instead of individual apps for end users.
Currently Both Microsoft and Xamarin not revealed the financial terms of the deal. Though it is a big announcement in Mobile Applications World however, it is not a breaking news. As Microsoft has had partnerships with Xamarin for last several year. Moreover, in 2014 it was rumored that Microsoft will acquire Xamarin till end of 2014.
Xamarin started it operations in the year 2011 and without looking back, raised more than 350 customers (known as Xamarins), Xamarin CEO, Mr. Nat Friedman, wrote in that company has expanded offices in Århus (Denmark), Buenos Aires, Singapore, Boston, and London, and it managed to pull in “tens of millions of dollars in annual revenue,” Friedman wrote.
In 2014, Xamarin publicized a $54 million funding round by some renowned investors like Charles River Ventures, Floodgate, Ignition Partners, Insight Venture Partners, and Lead Edge Capital. Till now, Xamarin has more than 15,000 expected customers, while describe more about customer, Guthrie wrote. The customer list includes Bosch, Dow Jones, Flipboard, GitHub, JetBlue, Kellogg’s, and, of course, Microsoft.
This could be a big step taken by Microsoft to create universal apps, not just Windows Platform apps. Xamarin platform permits mobile app developers to create native apps for iOS, Android, Mac, and off course Windows, with the help of Microsoft’s C#, it would seem After acquiring such a big company, Microsoft is all set to expand its operations in Mobile Applications as well.
Microsoft just announced that it has signed an agreement to acquire Xamarin (named one of nine top start-ups running the internet), a platform provider for mobile app development. At the moment both companies have not disclosed the financial terms. The news is not a great shock as the two companies have worked together for some years, while back in 2014 it was rumored that Microsoft was in the “final stages of negotiations” to buy Xamarin.
We’ll get some more interesting stuff soon on Microsoft and Xamarin deal as Scott Guthrie, Executive Vice President (Cloud and Enterprise Group) at Microsoft declared that he’ll be conferring his vision in the Microsoft Build conference which is expected to held on March 30th,
Friedman named this deal as a “perfect fit” for Xamarin’s entire team and products and Microsoft’s mobile-first, cloud-first strategy as well. He said “This acquisition is a new beginning for Xamarin—the company and its products—and is an opportunity to help many, many more developers build great apps,”