Hyperconnect

Hyperconnect - the developer of video technologies who is based in Seoul (South Korea). The company develops two main products-applications:

• Azar - a video chat which instantly translates voice and text messages and allows users to communicate with people of the whole world freely. Since launch in 2014 the total quantity of loadings of Azar exceeded 540 million (by February, 2021);

• Hakuna Live is the interactive application for video streaming in real time which allows to carry out group video and audiobroadcastings with different additions. Since launch in 2019 Hakuna Live was loaded more than 23 million times (by February, 2021).

History

2021: Match Group purchased Hyperconnect for $1.73 billion

In the middle of February, 2021 the Match Group company owning the application for Tinder acquaintances announced acquisition of Hyperconnect for $1.73 billion. The company will pay purchase with own money and actions. It is expected that the transaction will be closed in the second quarter 2021 after obtaining permissions of regulating authorities.

As reported in the press release devoted to the transaction, a lot of work regarding research and development allowed Hyperconnect to start mobile scalable video technology WebRTC (Real-Time Communication) which attracted huge audience to the products Hyperconnect. Unique features and use of AI allow users to use the Azar and Hakuna Live applications for safe and dynamic communication.

Match Group purchased Hyperconnect for $1.73 billion

More and more people move to the Internet, and all of them look for rich and versatile experience of communication, - the CEO of Match Group says the Sphere of Clubs (Shar Dubey). - The technology video and audiointeractions in real time from Hyperconnect is a powerful tool which allows users to communicate with new people and cultures at the international level. The team of engineers of Hyperconnect is permanently inventive and creative, and results of their work directly supplement our own.[1]

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