Axway buys mobile app development platform Appcelerator

Appcelerator has been acquired

Appcelerator has been acquired by B2B enterprises company, Axway.

Appcelerator is the mobile app development platform that has worked with the likes of T-Mobile, PayPal, and GameStop, among others. The company raised about $87.9 million before its acquisition.

Axway is a publicly traded company that offers software and services to help enterprises handle their data flows. Axway currently supports about 11,000 customers and employs nearly 2,000 employees. Its Q3 2015 revenue was €65.9 million.

Appcelerator is best known for its Titanium framework for writing mobile apps. The company features several hundred customers.

Investors in Appcelerator include Accel, Mayfield Fund, Red Hat, EDB Ventures, Rembrandt Venture Partners, Storm Ventures, Union Grove Venture Partners, and Translink Captial.

Details about the already completed acquisition have not been revealed.

“What this acquisition is really [about[ is giving enterprises an end-to-end solution from ingesting their data to making it available on mobile. The mobile piece was clearly missing from Axway’s portfolio so far. Using Axway’s services, they were able to make their data available through APIs, but that’s as far as the company was able to take its clients so far,” TechCrunch’s  writes.


Written by Franklin Simmons

Franklin Simmons

Franklin Simmons is BusinessPundit's Tech Editor. His life is consumed with a love of augmented reality, mobility, and emerging technology. He extensively covers all areas of technology, including the computing, automotive, and healthcare sectors. He can be reached at College Reviews