appScatter Group PLC Operations Update (3256V)

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RNS Number : 3256V

appScatter Group PLC

02 November 2017

2 November 2017

appScatter Group plc

("appScatter" or the "Company")

Operations Update

appScatter Group plc (AIM: APPS), the scalable business-to-business ('B2B') Software as a Service ('SaaS') platform that allows paying users to distribute and manage their apps on multiple app stores around the world, is pleased to provide the following update on operations ahead of the planned public launch of the appScatter platform in November 2017.

Ahead of the platform launch, the Company is pleased to report the completion of its App Store Data API service (the 'API Service') which, as outlined at the IPO in September 2017, commercialises the significant app store dataset gathered by appScatter. The Company has been collecting daily app data in order to rank information and publisher details from app stores since 2014. The API Service provides appScatter's licensed users with access to the Company's wealth of historical app store data, including app intelligence from the Apple App Store, the Google Play store and 15 major alternative app stores worldwide. The Company expects the newly monetised App Store data to be a valuable forecasting and planning tool for app developers and app designers across all business sectors.

Access to the API Service is available with immediate effect, on a subscription basis.

The Company is also pleased to announce that, as at 31 October 2017, the total number of app URLs (the actual volume of app instances on each app store, across each territory) tracked by appScatter, on a daily basis, had increased to 942 million - an increase of 100 million (+13%) beyond the 842 million app URLs being tracked by appScatter as at 31 July 2017. The Company expects the appScatter platform to be tracking in excess of 1 billion app URLs on a daily basis by 31 December 2017.

Philip Marcella, Founder and Chief Executive Officer of appScatter, said:

"We are delighted with the progress the Company has made since the IPO in September 2017 and by opening access to our app store data via the API Service, we are able to monetise the significant data set that we have gathered from a range of app stores. We continue to make steady progress towards the public launch of the appScatter platform and look forward to the future with confidence."

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This announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

For enquiries, please contact:

 
 appScatter Group plc                        Tel: [phone] 
  Philip Marcella, Chief Executive                 www.appscatter.com 
  Officer 
  Manish Kotecha, Finance Director 
 Smith & Williamson Corporate Finance        Tel: [phone] 
  Limited                                  www.smithandwilliamson.com 
  Nominated Adviser and Joint Broker         Tel: [phone] 
  Azhic Basirov / Ben Jeynes / David                   www.stifel.com 
  Jones 
  Stifel 
  Joint Broker 
  Fred Walsh / Neil Shah / Ben Maddison 
 Media enquiries:                            Tel: [phone] 
  Buchanan                                        www.buchanan.uk.com 
  Financial Public Relations 
  Ben Romney / Stephanie Watson / 
  Catriona Flint 
  [e-mail] 
 

About appScatter Group plc

appScatter is a scalable B2B SaaS platform that allows paying users to distribute their apps to, and manage their apps on, multiple app stores. Additionally, the centralised platform enables app developers and publishers to manage and track performance of their own and competing apps across all of the app stores on the platform.

About the technology

API means application programme interface, being a set of subroutine definitions, protocols and tools for building application software; URL means uniform resource locators, being a protocol for specifying addresses on the internet.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 02, 2017 03:00 ET (07:00 GMT)