Reply.com Acquires Mobile Ad Company AdHUBS
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Reply.com (Reply!) has announced that they have acquired mobile application and ad company adHUBS. Reply! said that the acquisition of adHUBS organic traffic will increase. “Mobile is inherently locally-targeted,” stated Reply.com founder and CEO Payam Zamani. “We intend to become the largest provider of locally-targeted, mobile consumer traffic to our advertisers.”
adHUBS has developed over 1,000 applications for the iPhone and Android. Through these 1,000 apps, there have been about 3.5 million downloads. Through Reply! common stock, Saint Capitals has invested $10 million in the company.