Mobspire acquired by Aarki to Improve Rich Media Ad Creation
While the financial terms of the acquisition have yet to be disclosed, Mobspire in an entirely self-funded startup which was recently acquired by Aarki (who raised a Series A round led by Walden Venture Capital last year). It is apparent when visiting Aarki’s website that Mobspires platform has already been implemented onto the site and being offered to users.
Aarki CEO Sid Bhatt said,
“Aarki has already run hundreds of ad units built on the Mobspire platform, with users spending an average of 64 seconds engaging with the ads.”
While most of the Mobspire team “decided to continue on another adventures” Mobspire founder Nitish Aitharaju has since joined Aarki as the head of brand advertising. While only 2 years in business, Aarki has said to have: quadrupled in the past year, and that it has been profitable “for quite some time”.
Kevin is an Online and Mobile Marketing Strategist who has worked with companies of all sizes over the last 6 years. You can follow Kevin on any of the social platforms below.
