London mobile app developer acquires Spanish firm
UK mobile app management company, Airnow, has acquired Madrid based mobile growth services provider, Lab Cave.
This deal is the latest in a line of high-profile acquisitions by the expanding British firm, which acquired MightySignal in July 2021, along with Priori Data, Airpush and Abilott over the last five years.
Based in Madrid, Lab Cave will remain headquartered in the Spanish city, with the current staff of 30 adapting a hybrid working model as it grows its specialist, multidisciplinary team to handle increased, larger-scale publishing projects in the mobile gaming industry.
Lab Cave will continue to be led by CEO, Luis Bertó, who has headed up Lab Cave since 2020. Luis will work closely with the Airnow Board to define and drive the new direction of the business in line with Airnow goals, bringing extensive knowledge from his time managing large IT projects at PwC to the table.
The Airnow acquisition will enable Lab Cave, which specialises in ASO for games, monetisation and UA, to further extend its expertise in the mobile gaming market, with plans to invest in new tools, training and people.
Airnow’s resources will allow Lab Cave to fine tune and solidify processes, whilst enabling the firm to make developments and global hires.
James Eggleston, co-founder of Airnow, adds: “We’re delighted to welcome Luis and the Lab Cave team to the Airnow family. Lab Cave has used the Airnow Data tool for several years now, and this is the next natural step between two businesses that are passionate about the incredibly creative and rapidly growing mobile app industry.
“Lab Cave is a leading light in the mobile gaming market and is set to bring fresh content into Airnow’s rapidly expanding ecosystem, which exists to enable global publishers to understand their competition, acquire users, increase revenue and maximise security in a single place.
“In turn, Lab Cave will make full use of Airnow’s extensive technology, data data, stronger toolsets, funding and structure to strengthen its own capabilities.”
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