Cloudflare Acquires Mobile Applications Specialist Neumob.
M2 EQUITYBITES-November 24, 2017-Cloudflare Acquires Mobile Applications Specialist Neumob
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24 November 2017 - US-based Internet performance and security company Cloudflare has acquired Neumob, a specialist in speeding up mobile apps, reducing errors, and boosting conversions, the company said.
The acquisition joins Neumob's technology with Cloudflare's global network to extend many of the Cloudflare benefits to mobile applications on virtually any device.
Neumob, based in Sunnyvale, raised USD 10.9m, most recently in a series A funding round led by Accel Partners. Neumob's mobile software development kit is aimed at app developers who can embed their software within a mobile application.
Early in the company's history, Neumob also released VPN software that could be installed by end-users in their mobile phones.
The SDK speeds up load times and in-app performance by 30% to 300% and reduces app errors and timeouts by up to 90%. It also significantly reduces bandwidth usage and data fees.
Companies like HotelTonight, The Economist, The Wall Street Journal, and others included the Neumob code with their applications to increase performance and reduce errors. This technology helps app owners retain users and drive revenue growth by providing a vastly improved mobile experience.
To ensure that this technology was able to scale and reach users, Neumob needed a network.
Cloudflare's global network now spans 118 data centers in 58 countries, with more than 7m domains.
By joining Neumob's technology with Cloudflare's scale, the performance, security, and cost of moving data are improved at every stage across the network, from origin to desktop, and now to mobile.
For the first time, this brings security and performance to all endpoints and ensures complete network connectivity.
Combined with Cloudflare's Railgun, Warp, and Argo products, the Neumob code means that data flowing to and from mobile applications will be optimized, secured, routed and accelerated across Cloudflare's network end-to-end: from handset to origin server and back.
Neumob has ceased service to its customers and the team will be joining Cloudflare.
Cloudflare runs one of the world's largest networks that powers more than 10tn requests per month, which is nearly 10% of all Internet requests for more than 2.5bn people worldwide.
Headquartered in San Francisco, CA, Cloudflare has offices in Austin, TX, Champaign, IL, Washington, DC, London, Singapore, and now Boston, MA.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 24, 2017|
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