Innovator in Mobile Rewarded Video Acquired by Perk

Innovator in Mobile Rewarded Video Acquired by PerkOn Monday, Inc. — a cloud-based mobile rewards platform provider — announced it has completed the acquisition of AppRedeem, Inc., an innovator in rewarded video for mobile devices with its longstanding mobile rewards platform.

The deal in place, we’re told, is an all stock transaction.

Based in San Francisco and founded in 2010, AppRedeem is an advertising platform for mobile app discovery, branding and monetization.

For example, AppRedeem’s leading mobile application, AppTrailers allows AppRedeem members to receive points for watching trailers of the latest apps as well as popular videos.

“We are excited to complete this transaction, and to be working with the team at AppRedeem,” says Ted Hastings, Chief Executive Officer of Perk. “At a time when the fundraising landscape has a high degree of uncertainty, we have been afforded an opportunity as a public company to utilize stock as payment for this transaction; this has served to expedite our growth strategy without impacting our capital resources.”