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InMobi CEO Naveen Tewari Talks Profits And Acquisition Strategy

Source: http://www.businessinsider.com/inmobi-ceo-naveen-tewari-talks-profits-and-acquisition-strategy-2012-6

InMobi CEO Naveen Tewari tells us that he expects his mobile ad company — which he believes operates the largest mobile ad network bar Google’s — to remain a large standalone play in the future, even though it is not yet profitable.

InMobi has about 850 employees in about 30 countries worldwide, of which 125 – 150 are in the U.S. Tewari declined to discuss revenues as the company is still private, having taken a $200 million investment from SoftBank last year.

“We think this could be a standalone company,” Tewari said when asked if he believed InMobi would be acquired. Growth has been “so fast and so large, we’re one of only a handful of players that exists in this space” at scale, he said. InMobi serves 93.4 billion impressions monthly, across the planet.

But the company is not yet running a profit, Tewari said. “We are in investment mode so we’re concentrating on that. We have internal targets but we’d rather keep it that way.”

Profits have proven elusive among the large-scale mobile ad network providers. Both Velti and Millennial Media are also currently running at a loss.

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Tags: acquisition, acquisition strategy, google, handful, impressions, internal targets, investment, LOSS, Millennial, millennial-media, mobile advertising, mode, network, network providers, scale, space, standalone, twitter, velti, way