PALO ALTO, Calif.--(BUSINESS WIRE)--Sep 5, 2018--AppLovin ( https://applovin.com ), a comprehensive mobile gaming platform, announced today it has agreed to acquire MAX Inc. ( https://maxads.io ), a leading in-app header bidding solution, for an undisclosed amount. The acquisition will further accelerate AppLovin’s mission to give game developers a complete platform to grow and scale their businesses.

MAX will become MAX by AppLovin. Its in-app header bidding functionality provides a way for buyers to bid simultaneously on a publisher’s inventory, allowing equal access for all buyers and a way for publishers to maximize the value of their inventory. This functionality will be integrated into the AppLovin platform, which will result in all buyers now being able to access all of AppLovin’s inventory. AppLovin works with close to 90% of the top mobile gaming companies from around the world, and MAX’s in-app header bidding technology will bring AppLovin’s game developers a platform that gives them access to all buyers in the marketplace.

MAX founder and Chairman Jim Payne, who previously co-founded MoPub and led it through its acquisition by Twitter, will be named a strategic advisor at AppLovin, and MAX CEO Dan Sack, who was an early employee at MoPub, will be Vice President of Platform at AppLovin.

“MAX’s mission is to deliver effective header bidding technology to the market," said Adam Foroughi, CEO and co-founder of AppLovin. "Their goal of facilitating an unbiased auction helps increase developer monetization and that aligns nicely with our mission. Header bidding is extremely valuable to this industry, and we're excited to develop the product together for the benefit of the entire mobile ecosystem.”

“We are thrilled to join the AppLovin team, whose work I’ve followed and admired since the early days of mobile programmatic,” said Jim Payne, founder and chairman at MAX. “AppLovin has become a close and trusted partner for nearly every mobile gaming studio. We look forward to building a platform together that helps mobile game publishers of all sizes grow.”

AppLovin is headquartered in Palo Alto with offices in San Francisco, New York, Dublin, Beijing, Tokyo, Seoul, and Berlin. MAX is headquartered in San Francisco. The MAX team will join AppLovin in their San Francisco-based offices.

The AppLovin and MAX engineering teams will work together to integrate the MAX platform with AppLovin. AppLovin’s platform will continue to support both MAX and AppLovin customers.

The news comes on the heels of AppLovin’s strong growth this year with the recent announcement of its mobile gaming division, Lion Studios, as well as the closing of a $400 million investment from KKR. For more information visit www.applovin.com.

About AppLovin

AppLovin offers a comprehensive platform that connects developers of all sizes to billions of global users each month so they can get discovered. Founded in 2012, AppLovin has since grown into a diverse global company that offers solutions for mobile gaming and mobile growth. The company is focused on helping both indie and established mobile game developers, with the expertise and insights they need to monetize, publish, and grow their businesses—all in one place. This approach has proven to fuel the entire mobile development ecosystem and help developers reach and exceed their goals. Learn more at www.applovin.com.

About MAX

MAX is an in-app header bidding platform for today's mobile publisher and programmatic advertising ecosystem. Ushering in the next generation of mobile monetization, MAX was founded in 2017 by the same team that brought programmatic to mobile. Building on this experience and visionary leadership, MAX was created to bring new efficiencies and revenue opportunities to mobile publishers. Learn more at: http://www.maxads.io/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180905005352/en/

CONTACT: AppLovin PR

Michael Selvidge, 415-350-3091

press@applovin.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ENTERTAINMENT ELECTRONIC GAMES TECHNOLOGY CONSUMER ELECTRONICS ONLINE RETAIL DATA MANAGEMENT INTERNET SOFTWARE GENERAL ENTERTAINMENT MOBILE/WIRELESS TEENS RETAIL MOBILE ENTERTAINMENT ONLINE CONSUMER MEN

SOURCE: AppLovin

Copyright Business Wire 2018.

PUB: 09/05/2018 12:00 PM/DISC: 09/05/2018 12:00 PM

http://www.businesswire.com/news/home/20180905005352/en