InMobi is all set to woo large enterprises with a new analytics service which will pitch it into direct competition with global players such as Google, Acxiom, and Experian.
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BENGALURU: InMobi co-founder and CEO Naveen Tewari on March 11 sent a mail to employees saying the company was not for sale.
Responding to a report that Google may buy InMobi, Tewari said he wanted to put an end to all speculation. "We are building an amazing company and the market space is very huge. Given the level of innovation and disruption we are about to cause, there is no reason to sell," the mail said.
The mail, peppered with a lot of smileys, noted that it felt good to read that a company like Google was pursuing InMobi, and ended with the line: "If you like the fact that we are not selling, let me hear a big round of applause from the floor."
Employees that TOI spoke to said the mail was met with thunderous applause from all around the office as and when it hit inboxes.
There has been much speculation about the Bengaluru-based company over the past several months. While some say it is in some distress and has been trying unsuccessfully to raise money, others say it is in no desperate need for money, especially given the market it is in.
InMobi last raised money in 2011 — $200 million from Japanese internet company SoftBank for a valuation of about $800 million.
InMobi is a global mobile ad network. It buys mobile ad inventory, it partners with advertisers, and its ad platform serves ads to mobile phones based on the intelligence it gathers about each mobile user. The figures from the company indicates rapid growth. In February, it received 6 billion ad requests a day, up from 4 billion in February last year.
Early last year it said its global reach was second only to that of Facebook. The company recently said that it has a global reach across over 1 billion active unique mobile devices.
Responding to a report that Google may buy InMobi, Tewari said he wanted to put an end to all speculation. "We are building an amazing company and the market space is very huge. Given the level of innovation and disruption we are about to cause, there is no reason to sell," the mail said.
The mail, peppered with a lot of smileys, noted that it felt good to read that a company like Google was pursuing InMobi, and ended with the line: "If you like the fact that we are not selling, let me hear a big round of applause from the floor."
Employees that TOI spoke to said the mail was met with thunderous applause from all around the office as and when it hit inboxes.
There has been much speculation about the Bengaluru-based company over the past several months. While some say it is in some distress and has been trying unsuccessfully to raise money, others say it is in no desperate need for money, especially given the market it is in.
InMobi last raised money in 2011 — $200 million from Japanese internet company SoftBank for a valuation of about $800 million.
InMobi is a global mobile ad network. It buys mobile ad inventory, it partners with advertisers, and its ad platform serves ads to mobile phones based on the intelligence it gathers about each mobile user. The figures from the company indicates rapid growth. In February, it received 6 billion ad requests a day, up from 4 billion in February last year.
Early last year it said its global reach was second only to that of Facebook. The company recently said that it has a global reach across over 1 billion active unique mobile devices.
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