IronSource, which makes tools to help mobile app developers distribute and profit from their apps, has acquired the Israeli startup StreamRail for a sum estimated to be in the seven figure range, TheMarker has learned.
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Founded in 2014 and counting 15 employees, StreamRail has developed video-player technology that enables publishers to make money off of content. The U.S. venture capital fund Sequoia Capital invested in the company.
The sale, the most recent in a string of acquisitions by IronSource, should complement its array of tools designed to help mobile app developers distribute and profit from their apps. IronSource CEO Tomer Bar Zeev confirmed the acquisition but didn’t provide any further details.