DigitalTown acquires CityInformation and its 11,600 mobile app handles

DigitalTown, Inc. (OTC PINK: DGTW) and CityInformation B.V., have entered into an agreement for DigitalTown to acquire the assets of CityInformation.

CityInformation develops and operates mobile apps for cities and towns worldwide. Mobile apps are now live in more than 800 cities with more than 3 million downloads completed to date.

This is acquisition #7 for DigitalTown since January 2016. DigitalTown considers this acquisition to be the most impactful deal to date. DigitalTown’s 6th acquisition was JustLegal.com just last month.

Rob Monster, CEO of DigitalTown, said that “the acquired company, CityInformation.com, controls 11,600 mobile app handles as well as a robust city-specific mobile platform which we began integrating in June.”

“In other words, while DigitalTown was securing 22,000 .city domains, e.g. Nashville.city, SanDiego.city, etc, the City Information folks were securing 11,600 mobile app handles for cities in the iOS and Android app stores.  We have now brought these 2 unique IP portfolios together in one company.”
“As for mobile app handles, unlike domain names, a mobile app handle like “Amsterdam” has no renewal fees.  Currently City Information has more than 800 apps live in the app stores resulting in 3.1 million downloads.  We expect to roll out the rest of the mobile network for cities over the coming months. “
“If you look around, you will see that most cities and towns still don’t have mobile apps for their citizens.  The premise here with DigitalTown is to create a life-enhancing mobile app that a resident or visitor of a city or town would use it for local search, official alerts, latest information, direct shopping with local merchants, peer to peer payment, local news including citizen journalism, as well as links to municipal resources such as utility payment, etc, all from within the mobile app.”
“As the user travels to other cities, their local app will also work abroad, allowing travelers to “See the world through local eyes”, but through the lens of their hometown. Of course a user could install multiple city apps if they want to easily keep tabs on multiple cities right from their phone deck.”
“The end game is for the municipality, or its proxy, to license the combined digital platform for their city.  As the platform monetizes through merchant transactions, the expectation is that it will pay for itself.  If cities don’t license, the platform is likely to be syndicated through Blockchain.”
The acquisition includes management tools for deployment of new mobile apps as well as centrally updating existing mobile apps.

DigitalTown will feature the new mobile app suite at the Smart Cities Expo in Barcelona November 14-16.

Here is what else DigitalTown shared in a press release today:

DigitalTown, Inc. (OTC PINK: DGTW) and CityInformation B.V., have entered into an agreement for DigitalTown to acquire the assets of CityInformation.

The combination positions DigitalTown as technology partner of choice for equipping cities to win in the Digital Age through Smart City solutions powered by affordable technology such as Mobile Apps, Single-Login and Blockchain.

CityInformation develops and operates mobile apps for cities and towns worldwide. Mobile apps are now live in more than 800 cities with more than 3 million downloads completed to date. The acquisition of City Information by DigitalTown will allow these mobile applications to be connected through the DigitalTown SmartWallet as well as enable app users to make direct purchases from local merchants across retail, services, dining and lodging using their saved preferences from their SmartWallets. Users can also own manage ownership stakes, or coins, in their city platform through a city-specific Blockchain. These stakes can be held in SmartWallets or traded through Blockchain exchanges.

For consumers, the addition of a city-branded global mobile app network means that a consumer will now be able to use the same city-branded app to access municipal services as well book a local hotel, reserve a table at a restaurant or make a local retail purchase. That same “local first” experience follows from city to city, providing citizens of the world with the ability to “see the world through local eyes”, while enabling any city to become a Smart City using turnkey cloud-based software from DigitalTown that can be locally owned and managed while branded in the name of the city.

Rob Monster, CEO of DigitalTown commented on the announcement, explaining “This is an enormously significant milestone in DigitalTown’s quest to restore economic power to cities by not only making it easy for residents and visitors to buy and engage locally 24/7, but also for local stakeholders to own the city platform itself through Blockchain Distributed Ledger for managing decentralized ownership. For our institutional partners, such as municipalities, chambers of commerce, destination marketing organizations and visitor bureaus, we are now able to offer them a truly integrated digital platform for their city brand.”

The acquisition comes at an important time for the Smart City movement. Mobile usage and mobile app adoption has continued to grow. For people on the go, mobile apps are now a primary mode of access to the web. According to Comscore’s August 2017 Mobile App Report, 50% of all digital media is now being consumed via mobile apps and an astounding 87% of mobile time is spent on mobile apps.  The average user spends 16 times more time on top mobile apps than on the top mobile web sites.

The acquisition includes management tools for deployment of new mobile apps as well as centrally updating existing mobile apps. By leveraging the global data of DigitalTown, the Company expects to rapidly increase the number of high quality local apps, combining high quality local content with local commerce. For cities where the municipality has partnered with DigitalTown, or which provide open data, the mobile apps will also feature local civic engagement tools to support local government with improving quality of life for local residents.

Bjorn Poels, Co-Founder and CEO of City Information, speaking about becoming part of Digitalown, commented “We are proud that CityInformation technology will enable DigitalTown to deliver the ultimate cross-platform online Smart City solution by integrating City Information’s fast-growing network of city-branded mobile Apps.  For our existing mobile platform customers this means, we can now deliver them a complete solution.”.

DigitalTown will feature the new mobile app suite at the Smart Cities Expo in Barcelona November 14-16, the main event of the year for Smart City Innovation with an expected attendance of more than 16,000 delegates from around the world. The Smart City Expo is the exact venue where the 2 companies began strategic discussions approximately 1 year ago. DigitalTown will be exhibiting in the Leading Cities Pavilion.

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About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He works on domain names, websites and software development. Has been online since 1995 & domaining since 2002.

One comment

  1. As soon as I saw ICO=Scam, there is no reason to look any further. Rob is a smart guy but he is dreaming here.

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