'As TechCrunch reported, I tried to acquire Vungle last year with the backing of a different group of private equity buyers,' he said. Jaffer said he closely followed Vungle's growth after he left the Company and put together a team of investors in an attempt to buy it. Jaffer said he's thrilled that the acquisition will create life-changing wealth for the Company's early employees and terrific returns for its investors. That vision and the hard work of Vungle's employees led the Company to grow year-after-year, making it an attractive acquisition target. Smith were among the first tech executies to recognize that the explosion of mobile apps would create new advertising opportunities for businesses and monetization opportunities for app developers. I am happy they are being rewarded for their hard work and loyalty.' A number of the early Vungle team members, who joined the Company soon after it was founded in London in 2011, are still fulfilling key roles at the Company today. 'Vungle became an attractive acquisition target because of its large revenue and profits, which wouldn't have been possible without the tireless work of so many people. 'This is a historic day for Vungle, its employees and investors,' Mr. Jaffer served as the Company's CEO from 2011 to 2017, guiding it to more than $300 million in annual revenue, with eight international offices and more than 200 employees. Jaffer launched Vungle in 2011 with Co-Founder Jack Smith.

has agreed to acquire Vungle is 'a historic day for Vungle, its employees and investors.' SAN FRANCISCO, J/PRNewswire/ - Zain Jaffer, Co-Founder of mobile advertising company Vungle Inc., said today's news that The Blackstone Group Inc.

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