Mar 18, 03:01 PM

Sensor Tower Acquires Rival, Formerly App Annie, for Undisclosed Amount

Sensor Tower, an app analytics firm, has acquired its rival, previously known as App Annie, for an undisclosed amount. This strategic move is aimed at bolstering Sensor Tower's insights into the app economy, potentially creating a powerhouse in the sector. The acquisition, covered by various tech news outlets including TechCrunch, has not disclosed the specific financial terms. However, it's noted that the acquired company had achieved $100 million in Annual Recurring Revenue (ARR). Prior to the acquisition, Crunchbase data revealed that the acquired company had raised over $157 million, while Sensor Tower had raised $46 million.

#Sensor Tower #App Annie #TechCrunch #Annual Recurring Revenue #Crunchbase

Written with ChatGPT (GPT-4).