Date:03/08/11,
M&A,
Cross Border Deal,
InMobi, a Mumbai based mobile ad network, acquires US based Sprout Inc, a provider of rich media mobile advertisingfor undisclosed amount. Sprout Inc operates a platform for building HTML5 powered rich media ads that run within mobile apps and the mobile Web. Prior to the acquisition, Sprout inc raises $10 million from Global Venture Capital, Mitch Kapor and Polaris Venture Partners.
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