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View Count: 95 |  Publish Date: April 03, 2014
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HitFox expands its reach into mobile monetization in deals with Datamonk and Apploop
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Berlin’s HitFox Group is driving deeper into mobile monetization with the acquisition of mobile targeting platform Datamonk and a $1.3 million investment in mobile user acquisition platform Apploop.
The deals show that HitFox Group, which announced a $20.6 million profit for 2013 last week, continues to be aggressive in figuring out how to make money with mobile games and apps.
Datamonk is a big data firm with a team of 12 headed by Sebastian Sujka. It specializes in mobile targeting and analytics platform. It helps advertisers reach specific audiences in a large and automated fashion. It was founded in 2011 to provide data that can be used to make decisions about which users to target. It analyzes ore than 1 trillion data points on more than a million apps. It can segment data for several hundred million mobile devices, providing info such as age, gender, and behavioral usage patterns. That data is useful for real-time bidding exchanges which automate mobile ads.
Today, only 10 percent of mobile ads are served through real-time bidding exchanges – three years from now it will be about 50 percent. We initially got to value Datamonk’s performance and potential in this market as one of their customers. With Datamonk joining the group, we are now excited to be at the forefront of this development.“, says Jan Beckers, CEO and founder of HitFox Group.
Apploop helps mobile apps get new users by focusing on optimizing the lifetime value of users. It focuses on non-gaming apps and can offer a guaranteed cost per install, or ads where the advertiser pays once a user downloads an app.
“The mobile ad industry is still only at the beginning of a decade of massive growth. While games still dominate the mobile performance advertising market, 2014 will be the year where non-gaming apps will start to unfold their full potential,” said Tim Koschella, chief operating officer and founder of the HitFox Group. “Apploop can draw on the vast technology, network and expertise developed by [HitFoxs] AppLift while shaping their own vision of a performance-based app distribution platform.”
Apploop was incubated by HitFox Group, Stefan Benndorf and Hugo Gersanois with a $1.35 million seed investment in 2013 and launched in January. The company now generates mid-six-figure monthly revenues with campaigns in 50 countries for 30 advertisers.
Hitfox plans to co-found or acquire two to four additional companies this year.
Related articlesAppLift raises another $7M for mobile-game marketingNew Berlin incubator aims to foster ‘deep tech’ in the heart of EuropeOur fourth annual VentureBeat Mobile Summit, April 14-15 at the scenic Cavallo Point Resort in Sausalito, Calif., will gather the top mobile 180 executives to tackle the biggest growth opportunities in the industry today. Request an invitation.

Keywords:
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 ads   app   apps   found   group   HitFox   mobile   platform   user   time bidding exchanges   HitFox Group   Datamonk   Apploop 
Time: 9:21  |  News Code: 393004  |  Site: venturebeat
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