appScatter Group PLC appScatter Opens Japanese Base with interarrows (7153E)

TIDMAPPS

RNS Number : 7153E

appScatter Group PLC

08 July 2019

appScatter Group plc

("appScatter" or the "Company")

appScatter Opens Japanese Base with interarrows

appScatter Group plc (AIM: APPS), the app management and data intelligence platform, is pleased to announce that it has signed a Joint Venture ("JV") Agreement with interarrows Inc., ("interarrows"), the Tokyo based on-demand internet consulting service, to help expand its Priori Data brand into the Asian market.

interarrows offers innovative, on-demand internet consulting services to their clients through its tracking and assessment of technology trends throughout the global IT industry. The firm has a number of significant clients that include Salesforce, Indeed and Yahoo Japan.

The JV will initially base the Priori Data offering and platform in Japan. Both parties recognise the importance of the Japanese app market, one of the largest in the world. The app market in Japan was estimated to be worth US$13.7 billion in 2017, becoming the third largest, behind China and the US, with forecasts for it to grow to US$20.9 billion by 2022.

Philip Marcella, appScatter CEO, commented:

"I am very pleased to partner with Interarrows to integrate appScatter's Priori Data brand in Japan. Japan is an attractive growth market for app management and offers an opportunity for incremental revenue growth for the Company. This marks another milestone in what we expect to be a very exciting period for the Company. The team at Interarrows has strong in-depth technical expertise and this agreement further extends our reach into Asia. Our strategy continues to be focused on business development in all key geographies."

For enquiries, please contact:

 
appScatter Group plc                                     Tel: +44 (0)20 8004 7212 
 Philip Marcella, Chief Executive Officer                 www.appscatter.com 
finnCap Limited                                          Tel: +44 (0)20 7220 0500 
 Nominated Adviser and Joint Broker                       www.finncap.com 
 Jonny Franklin-Adams / Hannah Boros/ Edward Whiley 
 Corporate Broking- Alice Lane 
 
IFC Advisory Limited                                     Tel: +44 (0)20 7934 6630 
 PR/IR                                                    www.ifcadvisory.co.uk 
 Graham Herring / Heather Armstrong / Florence Chandler

About appScatter Group plc

appScatter is a scalable B2B SaaS platform that allows paying users to distribute their apps to, and manage their apps on, multiple app stores. Additionally, the centralised platform enables app developers and publishers to manage and track performance of their own and competing apps across all of the app stores on the platform.

About interarrows Inc.

interarrows inc. is a digital marketing & solutions agency, offering innovative, on-demand internet data and solution services to clients through tracking and assessing technology trends in the ICT global marketplace. The company also specialise in introducing global technology and businesses into Japan. Strategic partners include Priori Data, Comscore, Kissmetricss and MailUp. interarrows have offices in Tokyo and London.

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July 08, 2019 02:00 ET (06:00 GMT)

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