1. You Are At:
  2. English News
  3. Technology News
  4. Apple acquires Italian Stamplay for $5 Million

Apple acquires Italian Stamplay for $5 Million

Apple has acquired an Italian Application Programming Interface (API) integration developer - Stamplay for $5.678 million.

India TV Tech Desk India TV Tech Desk
New Delhi Published on: March 22, 2019 11:43 IST
Representative News Image
Image Source : PIXABAY/MATCUZ

Apple acquires Italian Stamplay for $5 Million

Apple, the Cupertino based multinational tech company has now acquired an Italian Application Programming Interface (API) integration developer - Stamplay for $5.678 million. Stamplay describes itself as a "low code work-flow automation platform, empowering organizations to streamline manual work by integrating data and business applications used every day".

According to a report by VentureBeat, the reasons for the iPhone-maker purchasing the Rome-based start-up remains unclear.

The report added, "However, it's noteworthy that this start-up has experience in the financial payments industry, a sector that Apple entered with Apple Pay, and is expected to expand upon with a self-branded credit card next week".

Stamplay in 2016 won the start-up Visa's Everywhere Initiative API contest and was entrusted with an unspecified development project for the payments giant.

With acquiring the company, Apple has decided to permanently keep the Co-Founders of the company, Giuliano Iacobelli and Nicola Mattina, but Apple hasn't officially announced the acquisition as yet.

(With IANS inputs)

Election Results will be out on May 23 as counting of votes begins at 8 am. Catch the latest Lok Sabha Election Result 2019 log onto https://indiatvnews.com/elections. You can also watch Live Results on India TV Live. You can also follow India TV Chairman and Editor-in-Chief Rajat Sharma using #ResultsWithRajatSharma

India TV Election Day Counting
modi-on-india-tv