Instart Logic, a Palo Alto, CA-based provider of application delivery solutions, acquired Kwicr, a mobile application acceleration plaform for Apple and Android platforms.
The amount of the deal was not disclosed.
With the acquisition, which follows the $45m Series D round of funding announced last month, Instart Logic adds a skilled team, patented technology, a Mobile Delivery Network software development kit (SDK), and new analytics capabilities for application acceleration for web, hybrid, and native applications to extend its application delivery capabilities.
The company is also opening a Boston office to accommodate the Kwicr team.
Led by Manav Mital, CEO, Instart Logic provides a platform that combines machine learning and security with a content delivery network (CDN) for mobile-first application delivery. The company, which will now integrate Kwicr’s SDK into its platform to leverage the machine learning, analytics, and content delivery network components, is funded by Andreessen Horowitz, Four Rivers Group, Geodesic Capital, Greylock Partners, Hermes Growth Partners, Kleiner Perkins Caufield & Byers, Sutter Hill Ventures, Telstra Ventures, Tenaya Capital, Wing Venture Capital and several notable Silicon Valley angel investors.
FinSMEs
18/02/2016