Kobiton, which provides a platform for app developers to test their products, said in a statement that the acquisition would help customers deliver apps of higher quality faster by utilizing artificial intelligence.

The acquisition was funded by U.S.-based investment funds BIP Capital and Fulcrum Equity Partners.

Ha Ngoc Vinh Du, director of Kobiton in Vietnam, said that the acquisition was also positive news for the Vietnam tech industry as it confirms the talent of Vietnamese tech engineers among the global tech community.

Jim Douglass, partner at Fulcrum Equity Partners, said that companies are increasingly reliant on their mobile channels to improve revenues, and they need new ways to test their apps on real devices without sacrificing quality.

Kobiton, with offices in Ho Chi Minh City and Atlanta, U.S., was founded by Vietnam-based KMS Technology in 2016. It has over 50 IT engineers and developers in its employ. Its platform is used by over 60,000 developers worldwide.