InMobi Acquires MMTG Labs, The Startup Behind AppBistro And AppGalleries | TechCrunch
Summary
We’re hearing that mobile ad network InMobi has acquired MMTG Labs, a San Francisco startup that operates AppBistro, an application marketplace for Facebook pages, and AppGalleries, which is a white-label app store platform that is in use by the likes of Brit Media. The financial terms of the deal aren’t being disclosed, but we’re told that both the founders and investors at MMTG Labs are “very happy.” The entire five-person team, led by co-founders Ryan Merket and Nalin Mittal, are joining InMobi as part of the acquisition. The launch of AppGalleries (then called AppStores) occurred earlier this year, in January. The company claims to be the largest independent mobile ad network int he world, and it just raised $200 million in a Series C led by Softbank this past fall. Nearly a year ago, InMobi snapped up HTML5 ad builder Sprout for an undisclosed sum.
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