OnMobile Global Limited acquires Appland AB

Bengaluru, October 11th, 2018: OnMobile Global Limited, a global leader in mobile entertainment, today announced it has signed a definitive agreement to acquire 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.

"We are very excited about this strategic acquisition. The combination of OnMobile and Appland will provide immediate business value and innovation to our customers. Our roadmap is to roll out over 100 games clubs by the end of this financial year, increase subscriptions and boost revenues through joint marketing effort with our operators and distribution partners.” said François-Charles Sirois, Chairman & CEO of OnMobile

“OnMobile’s global presence, experience, and product portfolio, coupled with Appland’s flexible cloud-based software platform capabilities, will help us to create the future of mobile entertainment," said Jonatan Redvik, CEO and Founder of Appland.

About OnMobile

OnMobile [NSE India: ONMOBILE] [BSE Ltd: 532944], headquartered in Bangalore, India, and with offices in all regions of the world, delivers over 575 million music plays daily to mobile customers worldwide. Based on current deployments, OnMobile has an addressable base of more than 1.5 billion mobile users across several geographies.

About Appland

Appland makes it possible for consumers in Indonesia, Mexico, Oman, USA, Iran, El Salvador, Malaysia, Jordan, Iraq, Bangladesh, Panama, Myanmar, Cambodia, Egypt and many more countries, to play the world’s best games, use playful kids apps, be entertained and experience great apps.

Understanding how to distribute apps and generate revenue is hard. Appland helps its customers with a platform, content licenses, management and experienced advice so they can launch an App Store / Subscription Club anywhere in the world. Appland is proud to have installed 1st solutions on over 10 million devices in more than 200 countries.

Elevera Advisers AB (eleveraadvisers.com) acted as Appland AB’s exclusive financial advisor for the transaction.

For further information, please visit www.onmobile.com

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