Apps

Apps

appScatter gets set to float

The app distribution and management platform is set to begin floating on the London Stock Exchange’s AIM on 5 September.

London-based appScatter is a B2B SaaS platform that allows clients to distribute and manage apps on multiple app stores.

The platform also enables app developers and publishers to manage and track the performance of their own and competing apps across all app stores.

After more than three years in research and development, appScatter has been revenue generating since January 2017 and is now set for its next phase of growth.

Following admission, appScatter intends to launch the public version of the appScatter platform, at which point it will be available to all.

Philip Marcella, founder and chief executive officer of appScatter, said: "appScatter is a UK based app distribution and management platform operating in a fast-growing market.  

“We have quickly established a market leading position as the only full-service provider operating in this exciting space.

“We have been generating revenue from our growing user base since the beginning of this year and have a strong pipeline of blue chip companies that we intend to convert following the full launch of our unique platform following admission.

“The management team believe that appScatter's IPO and admission to AIM will enable the Company to further expand its market share and continue its rapid growth trajectory. 

“We are delighted with the strong demand that investors have shown for our story and look forward to creating value for all of our shareholders as we embark on this exciting journey."