MPL acquires machine learning company Crevise Technologies in cash+stock deal
Online skill gaming and esports platform Mobile Premier League (MPL) has announced that it has acquired Pune-based product engineering consultancy firm Crevise Technologies in a cash and stock deal.
Founded in 2016 by Mukta Aphale and Atul Aphale, Crevise Technologies is focused on providing end-to-end product engineering consultations. The startup has expertise in DevOps, Machine Learning, and Full Stack Development.
The company has stated that it aims to utilise Crevise’s experience in DevOps and reliability engineering to make its platform more robust, agile, and reliable for its users. Post this acquisition, founders of Crevise Technologies will lead the 10-member MPL team from Pune.
The gaming platform also added in a statement that it had earlier collaborated with Crevise Technologies with the objective of improving performance and operational efficiency of its platform.
Speaking on the acquisition, Shubham Malhotra, co-founder and Chief Operating Officer (COO) of MPL said, “As a fast-moving company, we are in a continuous deployment mode. We needed a strong team of DevOps engineers to move the delivery capacity up swiftly. Before deciding to bring Crevise Technologies onboard as a part of the MPL team we had a great stint working with them as a client partner. While working with them, we also noticed synergies in work ethics, team values, and cultural fitment, that led us to move towards this acquisition. The team brings their rich end-to-end product engineering capabilities to the table and we are excited to build MPL together.”
Founded only 10 months ago, MPL has been aggressively increasing its presence in the online gaming space in India. The company recently announced that it had expanded its platform into South-East Asia with the launch of MPL Indonesia.
Few weeks ago, MPL closed a US$35.5 million Series A funding round led by Sequoia Capital, Times Internet and Indonesian transportation company Go-Jek’s investment arm, GoVentures. The company has Indian cricket captain Virat Kohli and cricketer KL Rahul as its brand ambassadors and has more than 25 million registered users on its platform.
