Ybrant Digital to acquire Stake in Web 3.0

Ybrant Digital has unveiled its intention to acquire a minority stake in the company, Web 3.0 out of Israel. Web 3.0 operates in most growing digital fields - the web, mobile web, and performance based marketing and applications development. Ybrant Digital's investment in Web 3.0 comes in the wake of major joint initiatives the companies are making in the mobile space.

"We clearly see that the mobile media has huge potential for growth in the years to come. Ybrant has made a strategic commitment to play a significant role in the growth and development of this arena. This collaboration with Web 3.0 is the first among the few moves we are making towards strengthening our offering," said Suresh Reddy, Chairman & CEO, Ybrant Digital.

"Digital advertising has been showing tremendous growth globally. With Ybrant's massive global team and a solid growth strategy, we will be able to jointly expand our mobile advertising efforts at a faster pace and to subsequent markets, getting Ybrant's vision of a seamless multi-platform offering closer to its full potential," said Shahaf Bar-Geffen, CEO, Web 3.0.