Blackstone-backed Vungle competed the acquisition of AlgoLift.

Blackstone-backed Vungle, a mobile ad network and in-app monetization platform, competed the acquisition of AlgoLift, an LTV powered user acquisition automation platform for mobile advertisers. Financial terms were not disclosed. "At AlgoLift, we are very proud to have built an industry-leading LTV and optimization platform to help our clients maximize ROAS and operate at the cutting-edge of marketing technology. We couldn't be more excited to join Vungle's team to now bring a joint solution of leading-edge technology to the mobile ecosystem," Andre Tutundjian and Dmitry Yudovsky, AlgoLift Co-founders.