HURST, Texas, March 3 /PRNewswire/ -- Handango, the world's leading
provider of smartphone content, today announced that it has raised an
additional $9.5 million in its Series C round of financing, which will be
used to support the company's new and innovative distribution deals,
improve the scalability of its infrastructure, and expand globally.
Additionally, Handango plans to enhance the consumer experience to make
smartphone content easier to browse, find and purchase online and directly
from a mobile device. Participating in the Series C round are Institutional
Venture Partners (IVP), Advanced Technology Ventures (ATV), Centerpoint,
Neo Carta, Pharos Capital Group and SSM Partners.
"Securing this round of funding further proves our leadership position
in the distribution of smartphone content," said Bill Stone, CEO, Handango.
"As the demand for smartphones expands from early adopters to mainstream
consumers, we are confident that Handango's new distribution platforms and
expanded content offerings will only further our dominance in this
industry."
"Handango has proven itself as the undisputed leader in the global
smartphone content marketplace," states Sandy Miller, General Partner from
IVP. "This new round of funding will further enhance Handango's plans for
growth and expansion at a time when the market is ripe for infiltration."
"With the demand for smartphones growing at a faster pace than ever,
Handango is in an incredible position to continue to lead the market both
within the U.S. and abroad," states former president and chief executive
officer of AT&T Wireless and current Handango director, Mohan Gyani. "With
the strength of Handango's consumer-facing brand, its extensive customer
base, its vast network of content partners, and its growing and evolving
distribution channels, it is no surprise that this list of top-tier
investors are back for another round."
All investors who participated in the Series B round of financing in
September 2006 are participating in the current round.
Offering smartphone content from 16,000 developers, the largest
collection of partners in the mobile content industry, Handango delivers
the most diverse collection of smartphone applications directly to
consumers both through its online storefront at http://www.handango.com and
on mobile devices using the Handango's on-device client. Handango partners
with many of the world's leaders in the telecommunications industry,
including RIM, HP, Microsoft, Verizon Wireless, T-Mobile and AOL, all of
whom rely on Handango as an essential part of their smartphone content
businesses.
About Handango
Handango is the leading provider of smartphone content globally.
Leveraging its network of more than 16,000 content partners and its vast
distribution network, Handango seamlessly delivers the smartphone
marketplace to millions of consumers on the Web and from the device.
Handango's market-leading content delivery platform, Handango AMPP, is the
platform of choice for numerous mobile industry leaders including
Microsoft, HP, Verizon Wireless, T-Mobile, AT&T and AOL. By delivering
intuitive and compelling consumer experiences, Handango has become the
trusted source for millions of smartphone users around the world. For more
information, visit http://corp.handango.com.
Handango is a registered trademark of Handango, Inc. All other
trademarks and registered trademarks are the property of their respective
owners.
|
