RNTS Media Completes $45M Acquisition Of Cellular Advert Firm Heyzap

RNTS Media Completes $45M Acquisition Of Mobile Ad Company Heyzap

The deal is completed — Germany firm RNTS Media says it has accomplished its acquisition of Heyzap.

The acquisition is value as much as $forty five million, particularly $25 million in money upfront, with money and inventory earn outs of $20 million. It was first introduced in December and represents a workforce up between two cellular advert corporations, specifically Heyzap and RNTS subsidiary Fyber.

RNTS CEO Andreas Bodczek stated all the Heyzap workforce shall be becoming a member of the Fyber workplace in San Francisco, and the businesses might be working collectively to create “a unified platform that mixes one of the best of each worlds,” although he added that the small print are nonetheless being labored out.

“Monetization methods on the writer aspect get much more refined,” Bodczek stated. “Publishers have turn into extra demanding concerning the high quality of those providers.”

Heyzap was incubated at Y Combinator and raised $eight million in complete funding from buyers together with Founder Collective, Union Sq. Ventures and Qualcomm Ventures, in line with CrunchBase. RNTS additionally says that by including the Heyzap’s attain of one hundred thirty million distinctive customers, the mixed platform will attain greater than half a billion individuals every month.