February 16, 2012 SOFTWARE M&A IN THE MOBILE APP SEGMENT

It has been almost a month since Twitter acquired Summify, the creator of a social news app. Summify’s mobile app scans people’s news feeds, aggregating the content most relevant to individual users as real-time news spreads through social networking sites. 

The unique summaries are based on several factors, including how often someone’s followers on Twitter shared the story and/or the number of their friends who “liked” it on Facebook. These news summaries can be sent by email or straight to a mobile device.

In our Full Year Software Industry M&A press release, we said that deal volume in the mobile app segment has grown more than 60% since 2010. Google, Facebook, and RIM continue to be activity leaders in the mobile app space. Each company, looking to expand their smartphone offerings, had four such transactions in 2011.