Hyderabad: Internet search giant Google is scanning India for potential acquisition targets and points-men to drive its expansion in the region.
Google Inc is currently in talks with a number of start-ups with unique and innovative business models, particularly in areas like voice and SMS-based advertising, to expand its presence in the country, an official close to the development said.
"Our M&A strategy has been to look for unique products, technologies and engineering teams that can help us provide innovative products to our users or enhance existing services," said a Google spokesperson.
However, the spokesperson of the search engine leader declined to comment on the issue that the company was talking to potential acquisition targets. "We do not comment on speculations," he said.
According to industry sources, Google has already identified some start-ups -- based out of India as well as other markets - but with significant operations in the country.
The company is also scouting for some senior level officials to lead its investment and acquisition strategy in India and neighbouring countries in South Asia.
The company has already advertised a job opening on its India website for the position of Corporate Development Manager, South Asia, to be stationed in Mumbai or Bangalore, who would look after the development and execution of market strategies that drive market expansion opportunities.
The managers Google is seeking to hire would also negotiate on investments, partnerships, acquisitions and creation of deal terms.
Comments
0 comment