What Company Is Offering:
PocketGear provides a platform connecting millions of people around the world with smartphone applications from a network of more than 30,000 developers. PocketGear powers smartphone application distribution for direct channels including PocketGear.com, SymbianGear.com, PalmGear.com, Smartphone.net, and Mobile2Day.de and for more than 15 partners including Palm, Sony Ericsson, Sprint, T-Online, and AOL. Since its inception, PocketGear has powered more than 100 million downloads to smartphones and mobile devices from a catalog of more than 50,000 applications.
How Much They Got From VCs:
Jud Bowman, co-founder of Motricity, announced today the creation of his new venture, PocketGear, and the acquisition of the smartphone applications business from Motricity. The company also announced today that it has received investment from leading venture capital firms Noro-Moseley Partners and Wakefield Group.
“Mobile phones are increasingly smartphones that run advanced operating systems such as Palm OS, Windows Mobile, BlackBerry, Symbian OS or Linux, and Apple’s iPhone and Google’s Android are helping accelerate smartphone adoption,” said Jud Bowman, President and CEO of PocketGear. “The smartphone application market is poised for significant growth, and PocketGear is a platform that connects more than 30,000 developers of smartphone applications with millions of smartphone users around the world.”
The new company will be headquartered in Durham, North Carolina with offices in Munich, Germany.
“While it’s difficult to leave Motricity, I’m incredibly excited about the opportunity to lead PocketGear and build a great company based in the Research Triangle Park area of North Carolina,” said Bowman.
More at:www.pocketgear.com
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