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InMobi Acquires AerServ in Cash and Stock

Staff reporter, New Delhi
12/01/2019   0 Comments

InMobi, one of the first Indian origin start-ups, has acquired AerServ, a Los Angeles based free mobile adserving and mediation platform for mobile video, in cash and stock for a whooping Rs. 580 crore. Sharing his vision forward and explaining how the buying off made sense, Neveen Tiwari, co-founder and CEO of InMobi said, "We did not have programmatic capabilities in video, while AerServ did not have our scale. We are two profitable companies combining forces to cement our leadership position in mobile video advertising, and our integrated prowess in this space will help us scale our business in new directions globally".


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