• by Mark Walsh  @markfwal, May 28, 2014

App Annie on Wednesday announced its acquisition of rival app analytics service Distimo to accelerate its growth. Terms of the deal were not disclosed.

Explaining the Distimo acquisition in a blog post, App Annie CEO Bertrand Schmitt called it a fast-growing company that has built strong products in the mobile analytics space. “What you will see over time is that this acquisition will allow us to accelerate the development and launch of new features, platforms and products that will allow you to deepen the analysis of your own apps and the app marketplace,” he wrote.

As a result of the move, he said Distimo’s founders would take key roles within App Annie. Its Netherlands headquarters will become App Annie’s European R&D center. The Distimo staff will join its global offices in cities including Amsterdam, London and Tokyo, bringing its total size to 240 employees worldwide.

The San Francisco-based company also said it has raised $17 million in new funding from existing investors IDG Capital Partners, Greycroft Partners and Sequoia Capital. That brings App Annie’s total funding to date to $39 million.

Besides helping to fund the purchase of Distimo, App Annie plans to use the new round of capital raised for product development, marketing and marketing development, among other things.

Besides app analytics, App Annie provides various services, including ranking data, app store SEO and marketplace intelligence, which it says are used by 90% of the top 100 app publishers by revenue. Overall, 600,000 apps use its analytics service to track their downloads and revenue.