Israeli app developer Zemingo on acquisition trail

By Tova Cohen TEL AVIV (Reuters) - Zemingo, Israel's biggest mobile applications developer, is on the hunt for more acquisitions to help it to double annual sales. One such Apple iPad app for Sweden's Verisure Securitas Direct was designed to help sales staff to gather leads, analyze customers' needs and prepare price quotes. British research firm VisionMobile says businesses and professional users spent more than $28 billion on enterprise apps in 2013 and this is expected to jump to $58 billion by 2016. Zemingo Chairman Zvi Frank sold his web-conferencing company Interwise to AT&T for $130 million in 2007.



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