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AdTech Mobile Ad Network Platforms sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for AdTech Mobile Ad Network Platforms

1.1 - About AdTech Mobile Ad Network Platforms sector

Companies in this category operate AdTech Mobile Ad Network Platforms that connect mobile app publishers with brand and performance advertisers across in‑app and mobile web inventory. They aggregate demand, run real‑time auctions, and deliver targeted placements in display, video, rewarded, interstitial, and native formats. The value is scaled reach, data‑driven targeting, campaign optimization, and reliable monetization for publishers, while enabling efficient, measurable user acquisition for advertisers.

Typical offerings include in‑app ad serving SDKs and mediation with in‑app bidding that route traffic across multiple demand sources, SSP/exchange infrastructure with RTB auction engines, and integrations to major DSPs for programmatic buying. Vendors provide audience and contextual targeting using consented identifiers and on‑device signals, creative rendering with pacing and frequency controls, fraud detection and brand safety, viewability measurement, attribution and install tracking, and eCPM, fill‑rate, and ARPDAU analytics.

Primary customers are mobile app publishers and gaming studios, performance marketers and mobile‑first brands, and agency trading teams. Outcomes include higher fill rates and eCPM for inventory monetization, scalable reach into quality in‑app audiences, improved ROAS and install volume for user acquisition, and reduced ad fraud with stronger brand safety and measurement. Buyers seek strategic partners offering global supply, privacy compliance, and dependable yield optimization.

2. Buyers in the AdTech Mobile Ad Network Platforms sector

2.1 Top strategic acquirers of AdTech Mobile Ad Network Platforms companies

Digital Turbine Logo

Digital Turbine

HQ: United States Website
  • Description: Provider of an independent mobile growth platform delivering end-to-end, proprietary technology solutions for the mobile application ecosystem, including Application Media and Content Media through its On Device Solutions segment, plus Advertising and Ad Monetization solutions via its App Growth Platform for advertisers, publishers, wireless carriers and OEM partners worldwide.
  • Key Products:
  • Mobile Growth Platform: Device-level platform integrated with carriers and OEMs that distributes apps from first boot and unifies acquisition, distribution and monetization for scalable mobile growth
  • Full Ad Stack: Embedded full ad stack provides premium media, unique data and brand-safe inventory, delivering high-performance advertising and incremental revenue for advertisers, publishers and OEM partners
  • Application & Device Management Suite: On-device portals and application management tools let carriers and OEMs manage, update and showcase mobile apps and content, improving user experience and engagement post-activation
  • Mobile Content & Commerce Services: Mobile payment, music streaming, eBook and m-commerce capabilities create value-added content experiences and new revenue streams within carrier and OEM ecosystems.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for AdTech Mobile Ad Network Platforms sector

M&A buyer group 1: Ad Network

10 companies View group →
Description: Companies in the AdTech Ad Network Platforms category aggregate web and mobile inventory from publishers, broker access for advertisers, and optimize delivery to target audiences. They enable unified buying across display, video, native, CTV, and in‑app formats, using audience and contextual data to match ads to users at scale. Value centers on efficient reach, controlled media costs, brand safety, cross‑device frequency control, and measurable campaign performance.
Digital Turbine

Digital Turbine

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of an independent mobile growth platform delivering end-to-end, proprietary technology solutions for the mobile application ecosystem, including Application Media and Content Media through its On Device Solutions segment, plus Advertising and Ad Monetization solutions via its App Growth Platform for advertisers, publishers, wireless carriers and OEM partners worldwide.
  • Key Products:
  • Mobile Growth Platform: Device-level platform integrated with carriers and OEMs that distributes apps from first boot and unifies acquisition, distribution and monetization for scalable mobile growth
  • Full Ad Stack: Embedded full ad stack provides premium media, unique data and brand-safe inventory, delivering high-performance advertising and incremental revenue for advertisers, publishers and OEM partners
  • Application & Device Management Suite: On-device portals and application management tools let carriers and OEMs manage, update and showcase mobile apps and content, improving user experience and engagement post-activation
  • Mobile Content & Commerce Services: Mobile payment, music streaming, eBook and m-commerce capabilities create value-added content experiences and new revenue streams within carrier and OEM ecosystems.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in AdTech Mobile Ad Network Platforms sector

3.1 - Buyout funds in the AdTech Mobile Ad Network Platforms sector

Buyout Funds investing in AdTech Mobile Ad Network Platforms companies

51+ funds
Description: Buyout funds focused on AdTech Mobile Ad Network Platforms companies globally.

Vista Equity Partners

Website HQ: United States
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in AdTech Mobile Ad Network Platforms
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for AdTech Mobile Ad Network Platforms sector

Growth Equity Funds in AdTech Mobile Ad Network Platforms companies

41+ funds
Description: Growth equity funds focused on AdTech Mobile Ad Network Platforms companies globally.

Idinvest Partners

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in AdTech Mobile Ad Network Platforms
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for AdTech Mobile Ad Network Platforms companies

4.2 - Public trading comparable groups for AdTech Mobile Ad Network Platforms sector

Description: Public companies in this group provide software and data platforms that measure digital advertising performance, verify media quality, and analyze audiences across web, mobile, video, and TV. Their core model is subscription SaaS and data licensing, supported by enterprise services. They are comparable as valuation benchmarks given shared adtech analytics focus, high recurring revenue, similar customer bases, and monetization tied to campaign measurement, attribution, and identity-enabled activation.
Integral Ad Science logo

Integral Ad Science

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of digital advertising verification, offering a cloud-based technology platform that delivers independent measurement and verification of digital advertising across all devices, channels, and formats, ensuring ad viewability, brand safety, and fraud prevention.
  • Key Products:
  • Ad Verification: Ensuring ads appear on viewable and brand-safe pages
  • Contextual Targeting: Matching ads to relevant content for higher engagement
  • Fraud Detection: Identifying and preventing advertising fraud
  • Viewability Measurement: Measuring the visibility of ads to ensure they are seen
  • ROI Measurement: Tools for evaluating the return on investment of ad campaigns
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the AdTech Mobile Ad Network Platforms sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in AdTech Mobile Ad Network Platforms sector

Who are the top strategic acquirers of AdTech Mobile Ad Network Platforms companies?

Top strategic buyers in this sector include Digital Turbine, a provider of an independent mobile growth platform delivering end-to-end, proprietary technology solutions for the mobile application ecosystem, including application media and content media through its on device solutions segment, plus advertising and ad monetization solutions via its app growth platform for advertisers, publishers, wireless carriers and oem partners worldwide. .

Which buyer groups are most relevant for AdTech Mobile Ad Network Platforms companies?

Relevant strategic buyer groups similar to the AdTech Mobile Ad Network Platforms sector include Ad Network because they share similar customer segments and product capabilities.

Financial Investors in AdTech Mobile Ad Network Platforms sector

Which are the top PE firms investing in AdTech Mobile Ad Network Platforms companies?

Potential investors in the broader AdTech Mobile Ad Network Platforms space include Idinvest Partners and Vista Equity Partners.

Who are the top buyout funds acquiring AdTech Mobile Ad Network Platforms companies?

Active PE funds and buyout funds acquiring companies in the AdTech Mobile Ad Network Platforms space include Vista Equity Partners.

Who are the top growth equity funds investing in AdTech Mobile Ad Network Platforms companies?

Growth funds investing in the broader AdTech Mobile Ad Network Platforms sector include Idinvest Partners.

Valuation of Companies in AdTech Mobile Ad Network Platforms sector

Which are the key public companies that are relevant trading comps for AdTech Mobile Ad Network Platforms companies?

Key trading comparable groups include Integral Ad Science, a provider of digital advertising verification, offering a cloud-based technology platform that delivers independent measurement and verification of digital advertising across all devices, channels, and formats, ensuring ad viewability, brand safety, and fraud prevention..

Which are the key trading comparable groups for AdTech Mobile Ad Network Platforms companies?

Similar trading comparable companies include Advertising Measurement and Analytics Software. Our platform tracks detailed trading comparable groups in the AdTech Mobile Ad Network Platforms sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the AdTech Mobile Ad Network Platforms sector?

Our platform tracks M&A transactions in the AdTech Mobile Ad Network Platforms sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in AdTech Mobile Ad Network Platforms?

Access recent funding rounds in the AdTech Mobile Ad Network Platforms sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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