App acquisition: True Contact
Appsbuyout snaps up True Contact Caller ID App
– Acquisition marks successful exit for developer of Android mobile app with 3.5 million installs
Vienna, 30th August 2016 – Appsbuyout (appsbuyout.vc), the destination for successful Android developers looking to sell their apps, has acquired leading caller ID and spam block Android mobile app True Contact from Israel based developer Eugene Hanikblum. The deal represents a noteworthy cash-out for an app in the mid-sized Android app segment.
True Contact is a significant app in the Caller ID space, with 3.5 million installs and a 4.1 Google Play rating, placing it in the top-1% of Google Play apps1. In addition to the user-base, True Contact brings Appsbuyout a 500-million item phone data base.
“We see huge potential in True Contact, which perfectly complements our app portfolio. It adds both a significant user base and valuable data,” says Claudia Dreier-Poepperl, CEO & founder of Appsbuyout. “We’re also very excited to provide the best possible exit opportunity for ‘appreneurs’ like Eugene, who have built a large user base but would like to cash in on their efforts. We’re actively looking to do the same for other successful developers going forward, as we build up a strong and varied app portfolio.”
For True Contact developer Eugene Hanikblum, dealing with Appsbuyout was straightforward and positive: “The personal attention I received from the Appsbuyout team was remarkable. They listened to what I had to say and walked me through the selling process thoroughly,” he says. “They were exceptionally reliable in time commitments and overall consistent in meeting my expectations.”
True Contact provides users with an impressive number of call-and-contacts management features. In addition to smart caller ID, including the caller’s name, address and picture, users can save resolved contacts to their phone book and keep existing contacts’ details up to date. The SPAM Blocker feature enables unwanted calls to be blocked with a single click.
Appsbuyout is actively looking to acquire additional Android mobile apps. It is interested in apps that are popular with users, recently updated and have achieved at least 50,000 installs on their latest version. The apps do not have to be profitable and since Appsbuyout is not a marketplace, sellers pay no commission. An easy-to-use app valuation tool provides further details for potential sellers at appsbuyout.vc.
Notes: 1: According to Pew Research, less than 1% of Google Play Apps have more than 1 million installs. Source: http://www.pewinternet.org/2015/11/10/an-analysis-of-apps-in-the-google-play-store/