Media Coverage

  • Date
    Title
  • 16 June 2020
    Investment Agreement

    AIRNOW SECURES £40M INVESTMENT AGREEMENT AHEAD OF UPCOMING IPO

    Airnow plc, the app management and data intelligence platform, is pleased to announce that it has entered into a £40m investment agreement (the “Agreement”) over a three-year period with Global Emerging Markets (“GEM”), an investment group based in Luxembourg.

    GEM is USD $3.4 billion alternative investment group that manages a diverse set of investment vehicles and has offices in Paris, New York and Los Angeles. Since 1991, GEM has completed over 375 transactions across 75 countries. Further background information regarding GEM can be found here: http://gemny.com/about/ourfirm.shtml

    The Agreement is for an aggregate amount of £40 million. The Agreement expires on the earlier of (i) three (3) years or (ii) on GEM subscribing for securities in the capital of Airnow with an aggregate value of £40 million. The funding provides Airnow with the financial flexibility to accelerate the growth of its existing app management business ahead of its upcoming IPO on the London Stock Exchange.

    Philip Marcella, CEO of Airnow PLC, commented: “The Company is delighted to have secured this investment agreement with GEM which will provide it with access to capital to fund the future growth of the business as we continue to create a global end-to-end platform for mobile app developers and publishers.

    “Airnow has made considerable progress in recent months and the ability to draw down on these funds will significantly accelerate the growth potential of the business. We are delighted that market demand supports our business model of being able to support app developers and publishers throughout the entire app lifecycle: from creation, distribution and management, to marketing, monetisation, and security.”

    For enquiries, please contact:

    Airnow plc

    Philip Marcella, Chief Executive Officer

    Tel: +44 (0)20 8004 7212

    www.appscatter.com

    IFC Advisory Limited

    PR/IR

    Graham Herring / Tim Metcalfe / Florence Chandler

    Tel: +44 (0)20 3934 6630

    www.investor-focus.co.uk

  • 22 April 2020
    World Economic Forum

    THE VIDEO APPS WE'RE DOWNLOADING AMID THE CORONAVIRUS PANDEMIC

    With a significant proportion of the world's inhabitants living under lockdown, a number of apps have seen a spike in downloads to help people stay connected during the COVID-19 pandemic.

    Global downloads of Skype, Zoom, and Houseparty have surged by over 100%.

    READ MORE

  • 15 April 2020
    Proactive Investors

    AIRNOW AIMING TO BE THE GO-TO COMPANY FOR APP DEVELOPERS AND PUBLISHERS

    It has been an interesting and busy 12 months for the company formerly known as AppScatter.

    It has changed its name to Airnow following its acquisition of Airpush, which was concluded in mid-December - a deal that moves the group a step closer to being a one-stop-shop for app developers and publishers.

    This strategy will be further aided by a second purchase, the completion of which late next month should pave the way for a re-listing of the enlarged business.

    READ MORE

  • 17 December 2019
    BusinessCloud

    APPSCATTER BUYS GAMING SECURITY SPECIALIST

    Intelligent app management platform swoops for digital security solutions provider in deal worth up to £2.245 million.

    AIM-listed appScatter Group has agreed to acquire Abilott, a provider of digital security solutions for gaming companies.

    Abilott targets companies who are launching new products or seeking to become a gaming operator or expanding into new global territories, providing them with security services for data and IT infrastructure with technologies such as Distributed Denial of Service, Penetration testing and Zero Day Vulnerability reporting.

    Its customers include Gamesys, Paddy Power, Betfair, Virgin Games and Bodog.

    READ MORE

  • 17 December 2018
    Proactive Investors