your password has been reset successfully, Please login again.

OnMobile Global buys Sweden-based Appland

With this acquisition, the Bengaluru-based mobile entertainment services company will expand its business operations in the mobile games subscription space.
BY BEx Bureau
BusinessEx
Oct 13, 2018

OnMobile Global Ltd has acquired Sweden-based Appland AB, a mobile app distribution platform, for up to $15 million.

With this acquisition, the Bengaluru-based mobile entertainment services company will expand its business operations in the mobile games subscription space.

As per the deal, Jonatan Redvik, Chief Executive Officer and Founder of Appland,will take charge as the Vice-President of the newly-formed games subscription business unit while Appland's CTO Henrik Lewanderwill assume the role of Chief Technology Officer of the same unit.

Franois-Charles Sirois, Chairman and CEO, OnMobile, said, "The combination of OnMobile and Appland will provide immediate business value and innovation to our customers."

"Our roadmap is to roll out over 100 games clubs by the end of this financial year, increase subscriptions and boost revenues through a joint marketing effort with our operators and distribution partners," he added.

Please add your Comment
SIMILAR News
May 20, 2019
The Indian infra firm, IL&FS (Infrastructure Leasing and Financial Services) proclaimed that Japanes ...More
By Jaspreet Kaur
May 18, 2019
 Nippon Life will disburse nearly INR 4,484 crore to obtain a major stake of Reliance Capital in the ...More
By Jaspreet Kaur
May 18, 2019
Brookfield Asset Management’s CEO wishes Howard Marks, Co-founder of Oaktree Capital, to continue do ...More
By Jaspreet Kaur
May 15, 2019
Innoven Capital proclaimed that the company obtained an extra $200 million capital investment from s ...More
By Jaspreet Kaur
May 15, 2019
National Mineral Development Corporation Ltd (NMDC), government-owned mineral producer plans to inve ...More
By Jaspreet Kaur
May 14, 2019
Global PayEx proclaimed that JP Morgan has done strategic investment in the company so the company c ...More
By Jaspreet Kaur
May 14, 2019
With the investment in Simi Reality Motion, ZF will increase in proficiency beyond the current occup ...More
By Jaspreet Kaur
May 13, 2019
SRF has proclaimed that will sell its engineering plastics entity to DSM for INR 320 crore ...More
By Jaspreet Kaur
May 13, 2019
The government-owned electronic company, Keltron has signed a memorandum of understanding (MOU) with ...More
By Jaspreet Kaur
May 10, 2019
The toy-maker company, Hamleys is a 259-years-old and has been acquired as the company was grappling ...More
By Jaspreet Kaur
May 10, 2019
Boodmo.com has not disclosed the name of the investor but it acclaims that its overall funding has i ...More
By Jaspreet Kaur
May 09, 2019
College Dekho, the Indian Edtech company, has received $8 million in Series B funding round ...More
By Jaspreet Kaur