InMobi Makes ‘Smart’ Acquisition of Overlay Media

Mobile advertising is about to get a little smarter over at InMobi, the largest independent mobile advertising network in town.

On Tuesday, InMobi confirmed its acquisition of Overlay Media – a company teeming with experts in context aware computing. In other words, InMobi is bolstering its platform with specialists in a field that holds the potential to unlock smart mobile advertising to an unprecedented degree.

Overlay Media, which comprises of a team of data scientists, have built the Context Engine technology to deliver personalized content to mobile users.

Financial information related to the deal wasn’t immediately available as of press time.

“We are excited to add amazing talent to InMobi,” says Naveen Tewari, Founder and CEO at InMobi. “This acquisition, along with Metaflow Solutions and MMTG Labs, will help us to continue to be at the forefront of delivering highly engaging content to consumers globally.”

“At Overlay Media, our goal has been to develop technology that enables mobile devices to provide a highly personal and immersive user experience,” adds Dr. Ian Anderson, CEO at Overlay Media. “We are excited to join InMobi to further their position as a market leader in mobile advertising.”