InMobi today 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. This is a major event for those wanting to move away from Flash based ads.
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.
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.”
