The start-up develops software solutions for mobile phones. The acquisition would have amounted to 16.9 million euros.
New French acquisition for the American giant Google, which has just finalized the purchase of the Rennes-based start-up FlexyCore. According to information from L’Expansion, the acquisition cost Google 16.9 million euros. The acquisition process began in September 2012 and has just been completed, in early October. FlexyCore’s structure has been dissolved within Google France.
Founded in 2008, the start-up led by Gilbert Cabillic had announced a $1.5 million round in 2011, from the investment fund Sochrastem. Composed of former employees of Texas Instruments, the company specializes in the design of software solutions for mobiles, in particular to offer a much higher speed of execution compared to traditional use. FlexyCore recorded a turnover of 361,000 euros in 2012 for a net result of 11.5 million euros.
In 2012, Google had bought another French start-up, Sparrow, for $25 million (read the article: “Google buys Sparrow for less than $25 million “, dated 23/07/12). No new purchase of the giant had since been identified in France.