Graphics-rendering firm Otoy announced today that it has purchased app-streaming startup AppSlingr. The company, however, did not disclose the value of the acquisition deal, according to VentureBeat.

Under the terms of the said deal, AppSlingr's two-man team in San Francisco will transfer to Otoy's office in Los Angeles, the report stated.

Otoy had just secured a new round of funding from investor Yuri Milner. The addition of AppSlingr could allow public clouds to achieve better performance for running software. The app-streaming firm's technology could let large applications operate using any device, the report explained.

During an interview with VentureBeat, Otoy spokesman Will Willis remarked: "I think they're looking at being able to deliver more customized cloud instances of applications, whatever they may be - something that would be a little more tailored to what a specific customer might want."

AppSlingr has also discovered methods to merge app-streaming with file storage. Presently, the company is able to integrate with Dropbox, Box, Microsoft OneDrive, and GoogleDrive. Content creators or 3D animation personnel could use AppSlingr's technology to manage very large files, VentureBeat reported.