Essential Has Acquired the Indian Startup Behind Newton Mail

Andy Rubin'south startup Essential was not able to make any big strides this year. But it looks the visitor has some major hopes for 2019 as it has just acquired the Indian email startup CloudMagic for an undisclosed sum.

This acquisition comes hot on the heels of the shutdown of Newton app. What Essential plans to do with Newton app, notwithstanding, remains to be seen. If I had to estimate though, I think Essential volition package a variation of the app as an email client with its hardware offerings.

Peradventure Essential would use CloudMagic's expertise to build its AI-powered phone? But hey, your gauge is every bit good as mine, so permit's wait for an official announcement instead.

Commenting on the acquisition, an Essential spokesperson said, "We are ever on the lookout for companies with great engineering science and talent to help advance our product roadmap."

CloudMagic, if you've never heard of information technology is a Bengaluru-based startup founded by Rohit Nandhani. At the fourth dimension of Newton app'due south shutdown, CloudMagic said, it would "continue to operate and the incredible squad will exist focusing on new and innovative projects."

Essential's acquisition excites me mainly due to the fact that information technology'due south the company's starting time major proclamation, as it'south largely been quiet since releasing its first handset in 2017. It is plagued by sub-par smartphone sales, and it fifty-fifty laid off a 3rd of its workforce earlier this year.

I personally am really excited to see what the company is cooking, specially with the addition of CloudMagic's expertise. I hope we get to run across some innovative and game-irresolute products from them. Anyway, we'll keep an eye on the developments closely, so stay tuned.

Source: https://beebom.com/essential-acquired-indian-startup-newton-mail/

Posted by: dayjast1956.blogspot.com

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