AppDirect makes the acquisition after raising $8.5m in its series A round from a consortium including music and entertainment applications company Stingray Digital Group.
AppDirect, a US-based mobile application marketplace company, has acquired for an undisclosed amount open source billing technology company jBilling three months after gaining corporate venturing backing.
In July, AppDirect raised $8.5m in its series A round from a consortium including music and entertainment applications company Stingray Digital Group.
Venture capital (VC) firm iNovia Capital led the investment and also led AppDirect’s $3.25m seed round last year.
JBilling was founded in 2002.
