HTP Resident-Company Acquired by Major American Internet Corporation

HTP Resident-Company Acquired by Major American Internet Corporation
6 November 2014
6 November 2014

Mindspark Interactive Network, an operating business of InterActiveCorp (IAC), announced the acquisition of Apalon. The HTP resident-company became a part of the largest in its sector U.S. internet company InterActiveCorp (IAC).

This partnership will efficiently consolidate Apalon expertise with the extensive Mindspark experience. The acquisition of Apalon makes Mindspark a stronger player in the mobile market.

"Apalon has a meaningful foothold in mobile with innovative and unique development capabilities, and a broad portfolio of applications," saidTim Allen, co-president of Mindspark.

"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 and strategic advantage in the marketplace,"added Eric Esterlis, co-president of Mindspark.

Apalon is a leading provider of mobile applications to the Apple App Store, Google Play and the Amazon Appstore. According to the App Annie Index, the company was named a Top 10 developer of iOS applications worldwide as measured by monthly downloads in September 2014. Apalon’s applications, which include Weather Live, Notepad+, Emoji Keypad, etc., have been downloaded more than 200 million times.

"Today’s news validates the Apalon team’s focus on developing beautiful apps which our customers use every day. Mindspark and Apalon share a vision for creating a wide variety of best-in-class applications for distribution across all platforms and geographies. Our team is looking forward to increasing our roster of award-winning applications as part of the Mindspark family,"said Peter Skoromnyi, Co-founder and Chief Strategy Officer of Apalon.

For reference:
Mindspark, an operating business of IAC (NASDAQ: IACI), is home to some of the most popular and engaging digital applications on the web in categories such as lifestyle, entertainment and utilities.

IACis a leading media and Internet company. Headquartered in New York, it has business operations and satellite offices around the world. IAC is focused on the areas of search, applications, online dating, media and eCommerce.

Ranked by Fortune magazine’s annual standing of the world’s most admired companies in the Internet Services & Retailing sector for many years, IAC’s network of sites has over a billion total monthly visits in more than 100 countries and is the 13th largest network in the world.

IAC is listed on NASDAQ. In 2013, the compnay’s revenue exceeded $3 billion; its net earnings amounted to $285.8 billion.

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