SAN DIEGO, CALIFORNIA, Sep 15, 2011 (MARKETWIRE via COMTEX) –Bitzio, Inc. /quotes/zigman/5409425 BTZO +13.33% today announced that it has entered intoan agreement to acquire Free the Apps, an independent applicationdeveloper for the iPhone and Android platforms. this new additionbuilds on Bitzio’s aggressive acquisition strategy of businesses thathave multiple smartphone applications in the market and furtherexpands its footprint into the social media and smartphone markets.
Founded in 2009, Free the Apps has created highly successful apps,including “Top 10” overall apps featured in iTunes App Store. Theirsuccess is not only creating top revenue generating apps but alsousing that acumen to help other developers get the visibility theirapps need in the crowded mobile apps space. Using proven strategies,Free the Apps provides developers with social and online solutions toget their apps in the Top 100 list and extend their reach toextensive customer base.
“We are excited to add Free the Apps to our business. Their successin creating apps that sell, combined with their expertise to marketapps well aligns with our value proposition with developers,” saidGord McDougall, CEO of Bitzio Inc. “Free the Apps will also provideus with a new revenue stream and leverage their huge base of users,which further extends our reach to new users.”
With over 34 million downloads and counting, some of Free the Appshighly successful free apps includes Convert Units for Free and Cropfor Free. “Joining the Bitzio team is a big milestone for Free TheApps. we see this new partnership as a continuation of our work todeliver great free apps that our user’s love,” said Michael Moon,co-founder, Free the Apps. “Now with the Bitzio team, we can do allof this on a larger scale. we can extend our marketing services to anew community of developers who desperately want to learn more aboutthe world of apps and generate high revenue from it,” added Quoc Bui,co-founder, Free the Apps.
Update on Bitzio Acquisitions
Free the Apps joins Digispace LLC and Bitzio Corp. as recent majoracquisitions for Bitzio. As a result of our Free the Appsacquisition, Bitzio has elected not to finalize the Empire Appsacquisition.
Bitzio, Inc. is a company with a strong focus on smartphoneapplications, social media and marketing optimization. we work withdevelopers of mobile applications to dramatically improve theirmarketing reach, sales conversion, revenue and bottom line profits.we envision a mobile community where mobile applications enablepeople to connect in new and meaningful ways, and where Bitzio is akey driving force enabling these connections. For more information onthe company, visit us at bitzio.com .
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SOURCE: Bitzio, Inc.
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