Monday, March 4, 2013

Youth App Maker TabTale Buys Kids Games Club For $3-4M, Preps New Buying Club Model

tabtale_logoThe market for children's and educational apps continues to grow -- evidenced by Apple last week announcing 1 billion downloads of educational apps from iTunes U -- and that growth is leading to both consolidation and new business models. In one of the latest developments, TabTale, a publisher of children's and family apps, has bought Kids Games Club, maker of apps like "Paint Sparkles" (a favorite of my kids), in a deal that TechCrunch understands was in the region of $3 million - $4 million. Together, the two Israel-based companies have produced nearly 200 apps, covering close to 100 million downloads. That makes it one of the bigger publishers of youth/family apps around, says TabTale CEO Sagi Schliesser.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ohd0plWzp7k/

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