US firm buys local startup for up to US$29m

Singapore

A LOCAL startup that almost folded in its second year of business has been acquired by San Francisco's customer support company, Zendesk, in a deal worth up to US$29.8 million.

Zopim, a live chat software provider, is finally having its day in the sun - a far cry from its early years when funds were running dry and it was struggling to find a business model around its product.