News
Motricity subsumes Infospace
Tim Green Jan 2 2008, 12:07pm
Motricity has completed its $135m acquisition of the mobile services business unit of InfoSpace.
The acquisition expands Motricity's customer base to include 11 of the top 13 carriers in North America including AT&T, Verizon Wireless, Sprint, T-Mobile, Bell Mobility, Tracfone and Alltel.
Motricity's managed service infrastructure powers storefronts and communities for operators and has generated over $1 billion of gross content sales to date.
The transaction enhances Motricity's Fuel platform, which is a unified suite of solutions that includes content storefront, portal, search, community and messaging services. It also gives Motricity a presence in the UK, France and the Netherlands.
Additionally, the company announced the completion of a $185m VC funding round.
