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IBM - MobileIron Acquires Incapptic For Mobile Deployment Tech
May, 01 2020 03:46 PM
International Business Machines Corporation
Quick Take MobileIron (MOBL ) has announced the acquisition of incapptic Connect for an undisclosed amount.
incapptic has developed a system to improve the release processing of mobile applications.
With the deal, MOBL brings in-house an existing partner as it navigates a transition to a subscription revenue model amid a global pandemic.
My bias on the stock is Neutral given the firm’s slow revenue growth combined with these operational and business model uncertainties.
Target Company Berlin, Germany-based incapptic was founded to develop a mobile software system that automates the app deployment process which promises
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Stock Information
Company Name:
International Business Machines Corporation
Stock Symbol:
IBM
Market:
NYSE
Website:
ibm.com
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