OnMobile Global acquires Swedish Appland AB

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Capital Market
Last Updated : Oct 12 2018 | 10:16 AM IST

To expand its presence in mobile gaming business

OnMobile Global announced that its subsidiary, OnMobile Europe BV has entered into an agreement on 11 October 2018 for acquisition of 100% shares of Appland AB, one of the world's most popular games and kids App Clubs subscription services.

This acquisition reflects the increasing importance of OnMobile's strategy to become a leader in the fast-growing mobile games market and expands its games footprint to all continents. OnMobile also announced that Jonatan Redvik, CEO and Founder of Appland, will take up the Vice-President role of its newly-formed Games Subscription Business Unit (GSBU) and Appland's CTO Henrik Lewander would assume the role of CTO of GSBU.

Appland AB is a pioneer in cloud-based mobile distribution and monetization company headquartered in Gothenburg, Sweden. Appland today provides premium games and kids apps as a white-labeled subscription service to more than 80 carriers in over 40 countries. It also offers white-label App stores with curated international and local content. Appland was founded in 2011 and provides its cloud-based app-distribution, subscription and monetization services to several well-known telecom operators and global corporates across the world, such as Reliance Jio, Ericsson and Ooredoo.

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First Published: Oct 12 2018 | 9:56 AM IST

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