InMobi acquires San Francisco based MMTG Labs

has acquired San Francisco based MMTG Labs, the company that operates AppBistro (app marketplace for Facebook pages) and AppGalleries (white-label app store platform), as reported by Techcrunch.appbistro

Appbistro helps developers make money selling Facebook business apps, while AppGalleries enables one to curate tools from iOS app store, Android Gallery, Facebook and OpenAppMkt , run a curated app store  and monetize via affiliate commission.

For InMobi, this could be a two-fold strategy – one being access to app (re)publishers and importantly, distribution for SmartPay, its payment service.

InMobi earlier acquired Sprout, the HTML5 ad builder platform and raised a massive $200mn funding from SoftBank in September 2011.

Read: The InMobi Story