Mobvista acquires NativeX to deliver enhanced mobile rich media advertising
Mobvista, the mobile advertising company, recently announced that it has acquired monetisation and native advertising technology specialist, NativeX for $25m (160m Yuan). NativeX makes a native video ad platform that features Lightning Play video, offer walls, interstitials and other rich media formats.
NativeX Lightning Play video ads load faster
On completion of the transaction, NativeX is to become a subsidiary of Mobvista. Rob Weber will continue to head NativeX as CEO in addition to serving as VP for Mobvista.
Wei Duan, Founder and CEO, Mobvista, says:
“NativeX is a solid, sustainable business and our technology focus and values are perfectly aligned to deliver rich growth opportunities to the mobile market and to further secure Mobvista’s international goals and success, especially to speed up our ability to supply substantial audiences in Western markets. Acquiring NativeX is another key step in realizing our global ad-tech vision to develop a multi-dimensional global ecosystem of mobile traffic.”
Mobvista’s global mobile ad network receives over 10bn daily impressions across integrated ad spots and websites in 240 countries. Since foundation in 2013, the company says it now has billions of overseas users for thousands of clients. The company listed a market value of over 6bn Yuan in November 2015. Duan adds:
“Between Mobvista and NativeX, publishers and advertisers can expect to have the combination of the highest growth categories in mobile marketing including native advertising, video and other innovative ad formats – all with strong data driven technologies.”
NativeX’s reach is over 1bn mobile users. The company works with 1,000+ publishers including Yodo1, Square Enix, Fingersoft, MADFINGER Games, Mag Interactive, Outfit 7, and Play With Games, alongside major brands such as Disney, King, Zynga, Rovio, IGG, and Machine Zone.
Robert Weber, CEO and Co-founder, NativeX, adds:
“We look forward to a successful future as part of the Mobvista family and are exceptionally pleased with the many benefits this acquisition will bring to both our publisher and advertising partners as well as to our employees. The MobVista acquisition of NativeX allows us to expand the distribution of our native ad technology throughout the world for an even greater international presence. We are excited to bring Mobvista’s leading global demand to NativeX’s monetization partners and it’s strong global supply, especially in APAC, to our advertising partners. As part of our merger with Mobvista, we will also be expanding our team to take advantage of the large opportunity in front of us.”