Digital Turbine Announces Completion of Acquisition of AdColony and Provides Business Update
Strong Preliminary Results and Outlook for Both Digital Turbine and AdColony Reflect Continuing Business Momentum
Expanded Credit Facility to Help Fund Acquisitions and Provide Additional Support for Future Growth Initiatives
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AUSTIN, Texas, April 29, 2021 /PRNewswire/ Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has completed its acquisition of AdColony Holding AS ( AdColony ). The acquisition of AdColony, a leading mobile advertising platform servicing advertisers and publishers with a reach of more than 1.5 billion monthly global users, is integral to Digital Turbine s expressed strategy to provide a comprehensive media and advertising solution for our operator and OEM partners while enriching the mobile experience for end users by delivering highly relevant content. Ad Colony s proprietary video technologies