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Corpus Inc. buys out Recreate Solutions for Rs 600 million
MUMBAI: US-based Corpus Inc. has acquired Recreate Solutions, a media and entertainment software outsourcing company floated by former Zee Telefilms employee Bhaskar Majumdar, for Rs 600 million.
“It is a cash-and-stock deal. The acquisition price is around Rs 600 million,” says a source.
The shareholders of Recreate Solutions will hold seven to eight per cent in Corpus, the source says. Insight Capital Partners, which had made two rounds of funding totalling $6 million, holds 75 per cent in Recreate Solutions while founder- promoter Majumdar has the balance 25 per cent.
With the acquisition, Corpus will enjoy a footprint in Europe and India where Recreate Solutions has a wide range of clients. A provider of technology services to the telecom, banking and financial sector, Corpus will now be able to also offer to its big clients like Verizon solutions for IPTV and interactive TV.
“The acquisition will help Corpus enter a new vertical. The company so far was doing backend work for telecom and financial companies. The acquisition will help them to offer front end skills like gaming, IPTV and ITV. The geographical areas are also complementary as they were strong in the US while we had a presence in Europe and India,” says Recreate Solutions CEO Majumdar.
Corpus, which has several Fortune 100 clients and is eyeing a revenue of $100 million, will make the current facilities of Recreate Solutions as its main outsourcing hub, though it has a small base in Bangalore. With the acquisition of the Recreate Solutions’ team of 100, Corpus has now grown its worldwide team to 580.
The acquisition will also help tap telecom operators in India who have IPTV and other convergence plans. Recreate Solutions was in talks with some of the operators but couldn‘t make a breakthrough. “The interactive media industry is maturing across platforms. It is consolidating around companies that have viable cost structures and revenue streams that generate healthy margins.
Outsourcing of non-core technology functions is a proven method to increase profitability. Recreate Solutions is focused on providing high quality outsourced solutions that add value to clients in our service segment: Digital Interactive Content. Under the Corpus banner we will now we able to take our solutions to Corpus’s Fortune 100 client base,” says Majumdar.
Recreate Solutions has clients like Bell ExpressVu, Canada, Exit Games, YooMedia and CNBC in India. The company is also doing product development work for Espial, a company which specialises in browser solutions on the set top boxes.
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Canva acquires animation and AI startups Cavalry and MangoAI
The deals strengthen Canva’s push into enterprise and AI-led design workflows
AUSTRALIA: Global visual communication platform Canva has stepped up its acquisition drive, buying UK-based 2D animation platform Cavalry and US-based AI startup MangoAI to deepen its AI-powered creative stack.
Cavalry, whose tools are used by brands including Amazon, Meta, Google and Netflix, will strengthen Canva’s motion design capabilities. The deal builds on Canva’s 2024 acquisition of Affinity, which has crossed four million downloads since launch. With Cavalry, Canva now counts seven Europe-based acquisitions, underscoring its global expansion strategy.
MangoAI, an early-stage startup focused on video advertising optimisation, will integrate its reinforcement learning systems into Canva AI. The move aims to enable brands to generate personalised marketing content in real time, cutting production cycles while improving campaign performance. MangoAI co-founder Vinith Misra will join Canva as reinforcement learning lead in its research lab.
Canva co-founder and chief operating officer Cliff Obrecht said the acquisitions reflect the company’s ambition to make professional-grade creative tools more accessible without sidelining human creativity. The goal, he said, is to bring everything from vector to motion design into a single, integrated suite.
The company now reports 265 million active users, including 31 million paid subscribers, and $4 billion in annualised revenue, up 36 per cent year on year. The latest buys further position Canva against rivals such as Adobe and Apple’s Creator Studio as it pushes deeper into enterprise workflows.
Canva head of pro design marketing Liam Fisher, said AI is intended to act as a creative assistant rather than a replacement, reinforcing the primacy of craft and individual design judgement.
