InMobi Confirms MMTG Labs Deal
Mobile ad network InMobi Wednesday confirmed its acquisition of MMTG Labs. It operates AppBistro, an app marketplace for Facebook brand pages, and AppGalleries, a white-label service for creating branded app stores. Terms of the deal, first reported last week by TechCrunch, were not disclosed.
As part of the deal, the five-person MMTG Labs team will relocate to the new InMobi office in San Francisco. InMobi, which has expanded its presence in the U.S. in the last year, says its network now reaches 578 million people in 165 countries, serving billions of ad impressions daily.