GOTHENBURG, Sweden, Oct. 15, 2018 /PRNewswire-PRWeb/ -- Appland AB today announced it has signed a definitive agreement to be acquired by OnMobile Global Limited (NSE India: ONMOBILE), a global leader in mobile entertainment.
Appland AB provides mobile games clubs with hundreds of the world's most popular games, without any ads or in-app purchases, as a subscription service to more than 80 carriers in over 40 countries together with our local VAS partners.
This acquisition combines Appland's strength in mobile gaming with OnMobile's global presence and strength in value added services for mobile operators. Jonatan Redvik, CEO and Founder of Appland, will take up the Vice-President role of OnMobile's newly-formed Games Services Business Unit (GSBU) and Appland's CTO Henrik Lewander will assume the Head of Engineering position of the GSBU.
Appland AB was founded in 2011 and is headquartered in Gothenburg, Sweden. Appland provides cloud-based app discovery, app distribution and app monetization services to several well-known telecom operators and global corporates across the world such as Reliance Jio, Ericsson and Ooredoo.
"OnMobile's global presence, experience, and product portfolio, coupled with Appland's flexible gaming solution, for both adults and kids, will help us to create the future of mobile entertainment," said Jonatan Redvik, CEO and Founder of Appland.
"We are very excited about this strategic acquisition. 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 joint marketing efforts with our operators and distribution partners." said François-Charles Sirois, Chairman & CEO of OnMobile.
About Appland:
Appland makes it possible for consumers in Indonesia, Mexico, Oman, USA, Iran, El Salvador, Malaysia, Jordan, Iraq, Bangladesh, Panama, Myanmar, Cambodia, Egypt and many more countries, to play the world's best games and use playful kids apps for an ideal entertainment experience.
Understanding how to distribute apps and generate revenue is hard. Appland helps its customers by providing technology platforms, content licenses and management, and expert advice in order to launch an App Store / Subscription Club anywhere in the world. Appland is proud to have installed its solutions on over 10 million devices in more than 200 countries.
For further information, please visit http://www.applandinc.com
Media Contact: daniel(dot)nilsson(at)applandinc(dot)com
About OnMobile:
OnMobile (NSE India: ONMOBILE) (BSE Ltd: 532944), headquartered in Bangalore, India, and with offices in all regions of the world, delivers over 575 million music plays daily to mobile customers worldwide. Based on current deployments, OnMobile has an addressable base of more than 1.5 billion mobile users across several geographies.
For further information, please visit http://www.onmobile.com
Media Contact: pr(at)onmobile(dot)com
Elevera Advisers AB (eleveraadvisers.com) acted as Appland AB's exclusive financial advisor for the transaction.
SOURCE Appland AB
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