Mobile Ad Startup AppLovin Acquires German Ad Network Moboqo

TechCrunch

AppLovin is setting up its European expansion by acquiring German-based mobile ad network Moboqo.

Palo Alto-headquartered AppLovin helps mobile developers find new customers by targeting ads at people similar to the existing user base, then it continues engaging those customers with personalized, retargeted ads. Co-founder and CEO Adam Foroughi told me a few months ago that the startup’s gross revenue had reached a $100 million run rate.

When discussing the acquisition earlier this week, Foroughi also said that the company has customers around the world, but the business team has remained entirely US-based. So as Foroughi began to consider opening offices abroad, he was « looking for people who have a shared vision. » Apparently he found those people at Moboqo, which will spearhead AppLovin’s efforts in Europe. (The company also plans to open an office in London.)

It sounds like this is very much a talent-focused acquisition. Foroughi said…

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