Appia reports revenue, employee growth in 2013
DURHAM -- Durham-based Appia, a mobile app marketing technology company, announced Tuesday that it saw a 345 percent year-over-year revenue increase in 2013.
The company also said it reached milestones including raising $11 million in additional funding, and adding clients such as King.com and Barclays to bring its total list of advertisers to more than 100.
The company also said that it increased its staff by 68 percent across its San Francisco and Durham offices.
Appia is in the business of mobile app marketing and sales. The company started out in 2008 building online app stores for wireless phone service providers such as Mexico City-based América Móvil, and Vodafone India.
But then in 2011, Appia launched a service that made payment a factor in how apps were placed within the online store, representing a shift in how the company was primarily making its revenue.
“One of Appia’s biggest differentiators in the market is our focus on driving quality installs for our clients – and the 2013 numbers speak for themselves,” said Jud Bowman, CEO of Appia, in a statement in a news release. “As the app landscape becomes even more crowded in 2014, we’re excited to continue connecting clients with the highest lifetime value users.”
Part of redeveloped Hillandale Road shopping center sold
DURHAM – Part of the Duke Medicine-anchored shopping center on Hillandale Road in Durham has been sold recently.
Huntersville-based Glenwood Development Co., the company had spearheaded the development of the former Loehmann’s Plaza into a center known as Croasdaile Commons.
In October, the company sold about 2 acres of the property at the center for $6.3 million, according to property records.
Then earlier this month, the company sold another piece of center property – about 5 acres -- for $24.07 million to the Ohio-based real estate investment trust Health Care REIT. That sale was first reported by the Triangle Business Journal.
Glenwood had first purchased the shopping center in 1999 and then redeveloped it. Loehmann's, the department store for which the center was named, closed at the center in 2007. Current tenants include Duke Medicine and Kerr Drug.
Lenovo announces new structure
MORRISVILLE – Lenovo, the personal computer company that recently struck a deal to buy part of International Business Machines Corp.’s server business, is reorganizing its management structure.
The company, which has headquarters locations in China and in Morrisville, is creating four new business groups that will launch April 1, according to a news release issued Tuesday. The new structure includes an “enterprise group” that will include company server and storage equipment.
IBM’s x86 server business, whose acquisition by Lenovo is pending regulatory approvals, according to the release, would be integrated into that business.
Gerry Smith, who currently leads Lenovo’s Americas Group, will lead the new enterprise group whose goal is to “aggressively build a new, fast-growing profit engine in enterprise, where we already have a solid foundation.”
The other groups are: a mobile business group that will look to make the company a global player in smartphones and tablets and to develop a smart TV business; a personal computer business group; and an “ecosystem and cloud services” unit.
Milanka Muecke, director of public relations and communications for Lenovo in North America, said in an email that the company’s global headquarters in Morrisville has “multiple global functions” that includes representation from all four business groups, in addition to its regional role for North America.