Oxigen Enters Into A Strategic Relationship With Microsoft

Oxigen Services India Pvt Ltd has announced that Microsoft Corp. has acquired an equity stake in Oxigen.

“By partnering with Microsoft, Oxigen expects to expand its business rapidly in the virtual payments and distribution space using Microsoft’s Web & Mobile based technologies, as well as getting access to Microsoft’s advertising services. Microsoft will add strategic value to Oxigen’s business,” said Pramod Saxena, Chairman & Managing Director, Oxigen Group.

“We’re extremely pleased to enter into this strategic agreement with Oxigen, making Microsoft products and services available to support Oxigen’s continued business growth in India,” said Peter Mansour, General Manager of Business Development and Strategy at Microsoft. “Microsoft has been active in building services and technologies to support the growth of mobile communications for many years, and we believe our alliance with Oxigen will be a win for the many consumers both companies serve,” he added.

“Oxigen and Microsoft provide mutual assistance to one another in exploring new business opportunities.” Oxigen said in a statement that it would collaborate on a preferred partnership basis with Microsoft to drive services and products in developing economies and explore new business opportunities, within and outside the country.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market