IAC's Mindspark Acquires Apalon
Leading Developer of Mobile Applications Worldwide Extends Mindspark's Core Applications Business to Mobile Platforms
NEW YORK, Nov. 3, 2014 /PRNewswire/ -- Today Mindspark Interactive Network, an operating business of IAC (NASDAQ: IACI), announced the acquisition of Apalon, a Top 10 developer of iOS applications worldwide as measured by monthly downloads in September 2014, according to the App Annie Index. As a leading provider of mobile applications to the Apple App Store, Google Play and the Amazon Appstore, Apalon reaches 20 million monthly active users. Its applications, many of which rank in the Apple App Store Top 5 in categories such as lifestyle and weather, have been downloaded more than 100 million times in the last year. Terms of the deal were not disclosed.
Apalon's roster of best-selling mobile applications, which include Weather Live, Notepad+ and Emoji Keypad, is well-aligned with Mindspark's portfolio of more than 80 popular and engaging consumer applications across browser and desktop platforms in similar lifestyle and utilities categories. The Apalon team will continue to be managed by Co-founder and Chief Strategy Officer Peter Skoromnyi and Co-founder and Chief Operating Officer Matvey Timoshenko.
"Apalon has a meaningful foothold in mobile with innovative and unique development capabilities, and a broad portfolio of applications," said Tim Allen, co-president of Mindspark.
"The combination of Apalon's world-class mobile app development skills with Mindspark's proven ability to distribute digital applications at scale is a huge differentiator and strategic advantage in the marketplace," added Eric Esterlis, co-president of Mindspark.
"Today's news validates the Apalon team's focus on developing beautiful apps which our customers use every day," said Peter Skoromnyi. "Mindspark and Apalon share a vision for creating a wide variety of best-in-class applications for distribution across all platforms and geographies. Our team is looking forward to increasing our roster of award-winning applications as part of the Mindspark family."
About Mindspark Interactive Network
Mindspark, an operating business of IAC (NASDAQ: IACI), is home to some of the most popular and engaging digital applications on the web in categories such as lifestyle, entertainment and utilities. For more information visit www.mindspark.com.
About Apalon
Apalon is a leading mobile development company that creates apps for the Apple App Store, Google Play and Amazon Appstore. The unique blend of passion and skills that make up Apalon's DNA enable the company to deliver unrivaled products to millions of consumers. Apalon's portfolio includes award-winning titles such as Weather Live, My Alarm Clock, Calculator Pro and more. Learn more at www.apalon.com.
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SOURCE IAC
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