Aonic acquires Exmox for almost $100M

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Aonic today announced that it has acquired ad-tech and marketing company Exmox for around $100 million.

Aonic Group established its gaming group earlier this year, with the intention to commit over $100 million in the venture. It also invested $35 million in VR studio nDreams. According to the company, Exmox will strengthen Aonic’s own ad-tech ambitions.

Caglar Eger, CEO of Exmox, said in a statement, “Our continued growth is due to our team’s steadfast dedication to creating and implementing best-in-class marketing offerings that successfully help our partners expand their businesses.”

Paul Schempp and Olliver Hein, co-founders of Aonic, said, “Exmox possesses an expert level of knowledge and has a unique marketing platform which will substantially strengthen the future growth of Aonic within the ad-tech space and beyond. We are extremely excited they join us and look forward to supporting them in unlocking their full potential.”

Originally appeared on: TheSpuzz