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IAC acquires mobile app developer Apalon

Nov. 03, 2014 12:30 PM ETIAC Inc. (IAC) StockBy: Eric Jhonsa, SA News Editor
  • InterActiveCorp's (IACI -0.1%) Mindspark app development unit has bought Apalon, a Belarus-based mobile app development firm, for an undisclosed sum.
  • Apps developed by Apalon - examples include Weather Live and Notepad+ - collective have over 20 million MAUs, and have been downloaded over 100M times. Mindspark, for its part, has developed 80+ apps over its history.
  • Mindspark co-president Eric Esterlis: "The combination of Apalon's world-class mobile app development skills with Mindspark's proven ability to distribute digital applications at scale is a huge differentiator."
  • IAC has been buying companies at a heady pace this year.

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