ironSource to Acquire Mobile Advertising and App Monetization Company Tapjoy
ironSource (NYSE: IS) has announced its acquisition of Tapjoy, a mobile advertising and app monetization company, for approximately $400 million. This strategic move is expected to enhance ironSource's platform, providing app developers with improved monetization capabilities and a wider reach to advertisers. Tapjoy, which is projected to generate about $81M in net revenues in 2021, boasts a significant SDK presence, integrated into around 66,000 apps with over 1.6 billion active users monthly. The transaction is set to close by the end of 2021 or early 2022, pending regulatory approvals.
- Acquisition of Tapjoy strengthens ironSource's platform for mobile app developers.
- Expected synergies to enhance revenue generation for ironSource customers.
- Tapjoy's technology and SDK footprint will expand ironSource's market scale.
- None.
Acquisition is expected to strengthen ironSource’s platform offering for app developers, and is intended to further expand its customer base in games and apps beyond games
ironSource (NYSE:
The acquisition is expected to strengthen the ironSource platform offering for mobile app and game developers through several areas of synergy: ironSource customers will be able to generate more revenue with greater access to diversified advertiser demand, including through the
“Our platform-based approach to serving app developers means we’re able to plug in multiple strategic additions to our software platform to add more value for customers,” said
"We are delighted to be joining ironSource, a leading business platform for app developers," said
“ironSource has a long history of successful inorganic growth,” said
ironSource will acquire
About ironSource
ironSource is a leading business platform for the App Economy. App developers use ironSource's platform to turn their apps into successful, scalable businesses, leveraging a comprehensive set of software solutions which help them grow and engage users, monetize content, and analyze and optimize business performance to drive more overall growth. The ironSource platform also empowers telecom operators to create a richer device experience, incorporating relevant app and service recommendations to engage users throughout the lifecycle of the device. By providing a comprehensive business platform for the core constituents of the App Economy, ironSource allows customers to focus on what they do best, creating great apps and user experiences, while enabling their business expansion in the App Economy. For more information please visit www.is.com
About
Cautionary Statement Regarding Forward-Looking Statements
This press release includes various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which represent our management’s beliefs and assumptions concerning future events. These statements are intended to qualify for the “safe harbor” from liability established by the Private Securities Litigation Reform Act of 1995. Examples of such forward-looking statements include, but are not limited to, statements regarding the expected timing and impact of the transaction, the benefits and cost synergies of the transaction, expected impacts to operating expenditures, ironSource’s business strategy and competitive position following the consummation of the transactions as well as ironSource’s future prospects, business strategies and projections for future periods. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means for identifying such statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, such as the failure to consummate the transaction; failure to satisfy closing conditions to the transaction; failure to realize the synergies or benefits of the transaction; and other important factors set forth under “Risk Factors” in the Company’s Registration Statement on Form F-1 (Registration No. 333-258223) originally filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005628/en/
Media contact:
michal.chafets@is.com
+972548300831
olivia.davis@fgh.com
+1646-918-4742
Investor Relations contact:
daniel.amir@is.com
+1415-726-5900
Media Contact:
matt.mcallister@fluidprgroup.com
Tapjoy Contact:
Sr. Director of Marketing
lauren.baca@tapjoy.com
Source: ironSource
FAQ
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