Yahoo to Acquire Flurry to Strengthen Mobile Products | Be Korea-savvy

Yahoo to Acquire Flurry to Strengthen Mobile Products


 By joining Yahoo, Flurry will have resources to speed up the delivery of platforms that help developers build better apps, reach the right users, and explore new revenue opportunities. (image: Yahoo Inc/ Flickr)

By joining Yahoo, Flurry will have resources to speed up the delivery of platforms that help developers build better apps, reach the right users, and explore new revenue opportunities. (image: Yahoo Inc/ Flickr)

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SUNNYVALE, Calif. & SAN FRANCISCO, July 21, 2014 (Korea Bizwire)–Yahoo! Inc. (YHOO) and Flurry, Inc. announced today that they  have reached a definitive agreement for Yahoo to acquire Flurry.

Yahoo is on a mission to re-imagine users’ daily habits, and mobile is  at the center of everything we do. Our agreement to acquire Flurry is a  meaningful step for the company and reinforces Yahoo’s commitment to  building and supporting useful, inspiring and beautiful mobile  applications and monetization solutions. By joining Yahoo, Flurry will  have resources to speed up the delivery of platforms that help  developers build better apps, reach the right users, and explore new  revenue opportunities. Together, the companies can make mobile  experiences better through products that are more personalized and more  inspiring.

Analytics are critical for all mobile developers to understand and  optimize their applications. Yahoo and Flurry are reinvesting in  developers and continuing to build great analytics products. The  combined scale of the two companies will accelerate revenue growth for  thousands of developers and publishers across the mobile ecosystem.

In addition, the joined offerings of Yahoo and Flurry will enable more  effective mobile advertising solutions for brands seeking to reach their  audiences and gain unique insights across desktop and mobile, and users  will benefit from more personalized app experiences.

Flurry has been delivering the platform and insights to help  developers optimize and personalize their apps since 2008. The Flurry  stats speak to their success.

  • 170,000 developers use Flurry Analytics
  • Flurry sees app activity from 1.4 billion devices monthly
  • Flurry sees 5.5 billion app sessions per day
  • Flurry Analytics is in 7 apps per device on average
  • 8,000 publishers monetize with Flurry
  • Flurry works with mobile developers in 150 countries

As announced in Q2 earnings last week, Yahoo mobile usage is growing  rapidly.

  • Yahoo’s mobile display and search revenue each grew more than 100%  year-over-year
  • More than half Yahoo’s total monthly audience visits on a mobile  device, and in Q2, over 450 million mobile monthly active users came  to Yahoo, a 36% increase year-over-year
  • Time spent on mobile has grown 79% in the last year alone
  • The average Yahoo user now spends 86% of their time on smartphones in  apps

“Yahoo’s growth in mobile traffic comes from great people and great  products,” said Scott Burke, SVP Advertising Technology. “Flurry’s  success is the result of years of committed investment by a passionate  team to create an indispensable platform for mobile developers. We want  to harness our collective innovative spirit and bolster the mobile  ecosystem by providing developers the analytics and monetization  solutions to drive their success.”

“As part of Yahoo, Flurry will continue to serve the application  developer community in the way we always have, only better,” said Simon  Khalaf, President and CEO, Flurry. “With Yahoo, we will have access to  more resources to speed up the delivery of great products that can help  app developers build better apps, reach the right users, and explore new  revenue opportunities. Over the last six years we have accomplished a  lot on our own, but with Yahoo we are in an even better position to  achieve our joint goals.”

Following the closing, the Flurry team will remain in their present  locations, and Flurry’s vision, mission, and focus will stay the same.  Flurry’s products will continue to operate and innovate with Yahoo’s  support and investment.

The transaction is subject to customary closing conditions.

About Flurry

Flurry is optimizing the mobile experience for developers, marketers and  consumers. Flurry’s market-leading analytics product sees activity from  more than 540,000 smartphone and tablet apps on over 1.4 billion devices  worldwide, giving the company the deepest understanding of mobile  consumer behavior. Flurry has turned this knowledge into accelerated  revenue and growth opportunities for app developers, and an effective,  measurable advertising channel for marketers to engage their audiences  on mobile devices. Flurry is venture backed and has offices in San  Francisco, New York, London, Chicago and Mumbai. For more information,  please visit

About Yahoo

Yahoo is focused on making the world’s daily habits inspiring and  entertaining. By creating highly personalized experiences for our users,  we keep people connected to what matters most to them, across devices  and around the world. In turn, we create value for advertisers by  connecting them with the audiences that build their businesses. Yahoo is  headquartered in Sunnyvale, California, and has offices located  throughout the Americas, Asia Pacific (APAC) and the Europe, Middle East  and Africa (EMEA) regions. For more information, visit the pressroom (  or the Company’s blog (

This press release contains forward-looking statements that involve  risks and uncertainties concerning Yahoo’s proposed acquisition of  Flurry (including without limitation the statements contained in the  quotations from management in this press release), as well as Yahoo’s  strategic and operational plans. Actual events or results may differ  materially from those described in this press release due to a number of  risks and uncertainties. The potential risks and uncertainties include,  among others, the possibility that the transaction will not close or  that the closing may be delayed; and that the anticipated benefits to  Yahoo, including projected growth in audience and traffic, and benefits  to users and advertisers may not be realized. More information about  potential factors that could affect Yahoo’s business and financial  results is included under the captions, “Risk Factors” and “Management’s  Discussion and Analysis of Financial Condition and Results of  Operations,” in the Company’s Annual Report on Form 10-K for the fiscal  year ended December 31, 2012 and Quarterly Report on Form 10-Q for the  quarter ended March 31, 2013, which are on file with the Securities and  Exchange Commission (“SEC”) and available at the SEC’s website at

Source: Yahoo (via BusinessWire)

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