Balvinder Singh Sahni acquired a 10% stake in Yzer Group for $109m.

Dubai entrepreneur Balvinder Singh Sahni acquired a 10% stake in Yzer Group, a developer of Yzer, a secure cloud-based messaging app with inline audio/video calls that automatically translate chats, for $109m. Commenting on the launch, Alibek Issaev, Founder, Chairman and CEO of YZER Group, said, “We are confident that we have developed a promising and technologically advanced product, and are thrilled to introduce such a dynamic product to the UAE. Moreover, the interest in the product from such a large player in the UAE market shows the high potential of the application not only in the region but also globally.”