appMobi Sells Development Tools Division to Intel

appMobi has sold its HTML5 Development Tools Division to Intel Corp. Mooreland Partners acted as the exclusive financial advisor to appMobi.

PRESS RELEASE

Mooreland Partners is pleased to announce that it acted as the exclusive financial advisor to appMobi Inc. (appMobi) on the sale of its HTML5 Development Tools Division to Intel Corp. (Intel). The agreement between the companies establishes a strong relationship which leverages the tight integration of the HTML5 development tools, now owned and managed by Intel, and appMobi’s cloud services, which appMobi will continue to provide to developers.

appMobi is a leading provider of HTML5 mobile app development and deployment tools and cloud-based mobile app services. The company has focused on products that advance the mobile market’s shift from proprietary native tools and services to industry standards HTML5, CSS3 and Javascript. With this agreement, Intel and appMobi continue to demonstrate their commitment to the deployment, improvement, and ultimate success of HTML5.

Going forward, appMobi continues as a strong, ‘pure play’ cloud services company, focused on advancing the HTML5 platform. The two biggest challenges facing app developers today are engagement and monetization. The appMobi cloud answers these challenges, delivering important capabilities to mobile apps, including in-app purchasing, on-device updates, push messaging, app store analytics, social gamification, and much more.

appMobi has its corporate headquarters in Lancaster, Pennsylvania.

This is Mooreland’s 28th announced transaction since January 2012. It represents yet another example of Mooreland’s presence as a leading M&A advisor across the global mobile value chain and further highlights our growing practice area within the mobile application ecosystem.

For more information, please contact Holt Thrasher, Todd Feldman, or Kelemen Papp.

Holt Thrasher, Managing Director
holt@moorelandpartners.com
Direct: +1 203 629 4486

Todd Feldman, Managing Director
todd@moorelandpartners.com
Direct: +1 203 629 4426

Kelemen Papp, Vice President
kpapp@moorelandpartners.com
Direct: +1 650 330 3794
ABOUT MOORELAND PARTNERS: Mooreland Partners is the most active international technology-focused M&A advisory firm, serving clients from its offices in New York, Silicon Valley and London. Since January 2012, Mooreland Partners advised on a total of 28 transactions across all major technology sectors including communications and digital media, enterprise software and services, semiconductors and electronics. Founded in 2002, Mooreland Partners is an integrated global firm, 100% owned by its partners, with a team of over 40 investment banking professionals.

Mooreland Partners is registered as Member FINRA & SIPC and regulated by the Financial Services Authority.
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