App Annie Acquires Distimo and Raises New Investment Round
The leading provider of application analytics and market data, App Annie, has recently announced that it has managed to acquire both Distimo, a mobile analytics company, and has secured a newly $17 million round of financial funding. The addition of Distimo to the App Annie team bring some of the best minds together in the mobile application data space, helping App Annie to accelerate its product roadmap and keep developing the most advanced platform for analyzing the mobile application ecosystem.
This is App Annie’s first acquisition and was made with a combination of cash and equity at undisclosed terms.
App Annie’s products and services are mission-critical for the world’s largest companies, those including over 90 percent of the top 100 application publisher by revenue, Pre-acquisition, over the past year App Annie tripled its headcount, and together with Distimo, now nearly has over 600,000 apps relying on their analytics platform with a total of nearly 270,000 registered business users.
“We started this company during the app ecosystem’s infancy and our mission has always been to provide our users and customers with the best metrics and insights to run their app business,” said Bertrand Schmitt, CEO of App Annie. “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.”
Vincent Hoogsteder, CEO of Distimo, said, “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.”
Along with this recent acquisition, the company’s founder shall take on important roles within the team. Distimo’s Netherlands headquarter shall become App Annie’s European R&D Center. The Distimo team will begin to integrate into App Annie’s global offices, bringing the total of team size up to 240 employees worldwide, making it the leading innovator in the application analytics and market data space.
Furthermore, App Annie has managed to raise a total of $17 million financial round of funding from its existing investors, IDG Capital Partners, Greycroft partners and Sequoia Capital, This brings App Annie’s total money raised to $39 million, which is being utilized in parts to fund this acquisition and a multitude of different things including product development, marketing and market development.