AUGUST 2, 2011, 08:00 a.m. PDT: Today, InMobi, the world's largest independent mobile ad network, announced the acquisition of Sprout, whose HTML5 rich media creative platform helps agencies and brands reduce the complexity of rich media mobile ad creation and distribution. InMobi's global presence combined with Sprout’s rich media technology will help the mobile advertising industry easily build and distribute engaging rich media ads to consumers everywhere. Known for simplifying the complex process of HTML5 rich media mobile ad creation and distribution, Sprout's vision is to help advertisers "build once and deliver everywhere" on both mobile and desktop devices. Sprout's cloud-based platform brings efficiency and scale to organizations creating mobile ads and its rich media creatives are compatible with mobile devices supporting HTML5, including Apple iOS and Google Android devices. Sprout works with some of the world’s leading brands, including Chevrolet, Disney, Paramount Pictures, HTC, Sega and Nokia. Naveen Tewari, CEO of InMobi, comments: "Sprout's technology solves a critical need for the industry by helping bring engaging mobile ad experiences to consumers all around the globe. The acquisition fits perfectly with our vision to enable the mobile ecosystem with best of breed technology and services. The entire industry will benefit from the combination of our technology and operational footprint on five continents and Sprout's platform." Commenting on the acquisition, Ajit Nazre, Partner at Kleiner Perkins Caufield & Byers, says: "The mobile industry is struggling to fully capitalize on the engaging advertising experiences now possible through smart devices. This acquisition will help scale the use of rich media advertising globally - a critical next step in helping the industry realize its full potential." Sprout will operate as a fully independent company working with the entire mobile advertising industry to solve the HTML5 creation and delivery problem, and will continue to expand its product in the coming months by adding workflow enhancements, analytics, and innovative new ad units. Carnet Williams, CEO and co-founder of Sprout, comments: "InMobi's commitment to an open and independent Sprout made them the clear choice for us. We will continue to work with all existing partners, including competitive ad networks, globally."
InMobi is the world's largest independent mobile advertising network. With offices on five continents, it provides advertisers, publishers and developers with a uniquely global solution for advertising. Its network is growing fast and now delivers the unprecedented ability to reach 314 million consumers, in over 165 countries, through more than 36.2 billion mobile ad impressions monthly. InMobi was recently included in both the 2011 AlwaysOn Global 250 and the 2011 AlwaysOn OnMobile 100 Top Private Companies lists. InMobi is venture-backed with marquee investors including: Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures. The company has offices in San Francisco, London, Bangalore, Tokyo, Nairobi, and Singapore. To learn more, please visit www.InMobi.com, follow us on Twitter @InMobi, or read our blog at www.InMobi.com/InMobiblog/.
Sprout is the leading platform for creating mobile HTML5 rich media advertising. Its team has been market leaders for social media and mobile technologies for the past five years, and was one of the first preferred Facebook Developers. Sprout has a simple philosophy: Creative professionals should be able to build once and deliver everywhere. Its platform creates HTML5 ads that are compatible with leading mobile ad networks, aggregators, and publishers. Sprout is venture-backed by Polaris Venture Partners and has offices in Honolulu and San Francisco. To learn more, please visit www.sproutinc.comand follow us on Twitter @sprout.
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