Edwards - Obama ~ Carolina connection IP 72.53.194.237 Motricity

In October 2004, the company changed its name to Motricity and
announced the acquisition of Mobile2Day.de , a European mobilecontent
portal.
Motricity later sold off these acquired units, with the smartphone
applications business going to the newly created Pocketgear, Inc. in
June, 2008, [ 1 ] to focus the company on mobile content delivery
services
In January 2012, Motricity announced plans to restructure its
business, shifting away from its signature content and data solutions
to focus on the mobile advertising and enterprise space. Motricity
will work with operators, brands and creative agencies to deliver
merchandising, advertising and marketing services leveraging
predictive analytics technologies. Around that same time, Motricity
closed its Asian operations, a step that included the termination of
itsrelationship with Indonesian mobile operator XL Axiata, which
accounted for about 11 percent of Motricity revenues during the first
nine months of 2011.
[ edit ] Private Funding
*. US$27 million in July 2004, led by Silicon Valley-based Technology
Crossover Ventures ;
*. US$30 million in July 2005, from Chicago –based Advanced Equities
Inc. , as well as such existing investors as Technology Crossover
Ventures, New Enterprise Associates , and Intel Capital ;
*. $40 million in April 2006, led by Advanced Equities Inc., with
participation from other existing investors, including New Enterprise
Associates and Technology Crossover Ventures;
*. US$32 million in August 2006, led by Advanced Equities Inc., with
participation from other existing investors.
These rounds raised the company's total funding to over US$150
million, one of the largest amounts of capital ever raised by a
private company in North Carolina.
Additional funding came from Carl Icahn in the form of US$50 million
in March 2007 and another US$50 million in October of that same year.
This last was part of a US$185 million round of funding. Advanced
Equities Inc. raised its investment by another US$100 million, adding
to its US$50 millionalready invested.
The total raised by this point in time was reported to be US$405 million.
[ edit ] Acquisition of InfoSpace Mobile Division andFuture Direction
The October 2007 round of fundingwas used in large part to finance the
January 2008 acquisition of the mobile division of Seattle based
Infospace for a reported US$135 million. [ 2 ] The initial strategy of
the company was to leverage the Fuel storefront solution with the
newly acquired mCore mobile portalsolution to present a total solution
for mobile providers. [ citation needed ]
Shortly after the InfoSpace acquisition was completed, Motricity found
that the mCore storefront acquired from InfoSpacewas more technically
appealing, and decided to move forward with that solution.

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