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