Apple acquires a local software company

Daher’s Burstly is a leader in iOS testing

Burstly, a Daher Capital portfolio company, has been acquired by Apple Inc. Through its acquisition, Apple will work towards providing integrated mobile app testing and review services. Burstly was behind the popular iOS beta testing platform TestFlight.

Daher Capital is a Beirut-based family business, founded and led by Michel Daher, an entrepreneur with over 30 years of experience across several sectors including financial services, manufacturing, distribution and agriculture.

Daher Capital’s portfolio is spread across international equities, alternative assets, real estate and private equity across the world.

“Apple was interested in our company and they made the move towards us,” said Mark Michel Daher, Director of Daher Capital.

He said that negotiations took around six months to reach the final agreement, but he did not reveal any additional detail about the value of the deal.