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  1. Akshay Masand's Avatar

    The mobile analytics firm, App Annie, recently announced that it acquired smaller competitor, Distimo, in a transaction that the company says will help develop “the most advanced platform for analyzing the mobile app ecosystem.” According to App Annie CEO, Bertrand Schmitt:

    Having been a part of the mobile app ecosystem since its inception, this acquisition represents a major milestone in App Annie's growth, and it allows us to accelerate our product roadmap. We look forward to integrating the talented Distimo team and are excited about what they can achieve within the App Annie fold.
    Both App Annie and Distimo are used in roughly 600,000 apps and have more than 270,000 registered business users. The combined company will have 240 employees around the world and much of the Distimo team will continue to operate from their Netherlands headquarters.

    Distimo CEO, Vincent Hoogsteder, had the following to say regarding the matter:

    It made complete sense for us to join the team at App Annie. We share the same vision to inform everyone in the app industry with the best data and analytics platform, and we're excited about what we can achieve together and the road ahead.
    Terms of the deal weren’t disclosed but App Annie did say that it was consummated using a combination of cash and equity. The company also announced the conclusion of a new $17 million funding round, though it’s unclear how much of that cash was used for the acquisition.

    Source: TechCrunch

    Twitter: @AkshayMasand
    2014-05-29 06:03 AM