Motricity Corporate History

Corporate History

2001 
  Ryan Wuerch founds Nashville, Tennessee-based PowerByHand.
2002 
October PowerByHand acquires PalmGear.com.
2003 
September PowerByHand acquires eReader.com.
2004 
March PowerByHand acquires PocketGear.com and Smartphone.net.
April PowerByHand merges with Pinpoint Networks, a provider of software and services for the management and delivery of mobile data services, based in Research Triangle Park, North Carolina. The new company combines PowerByHand's consumer reach and strong content and developer partnerships with Pinpoint's carrier-grade technology and international wireless carrier experience, creating the market leader for integrated mobile content solutions.
October The company changes its name to Motricity and announces the acquisition of European mobile content portal Mobile2Day.de.
  Motricity closes $27 million in venture funding led by Silicon Valley-based Technology Crossover Ventures (TCV).
2005 
July Motricity closes its second major private funding round by collecting $30 million from Chicago-based Advanced Equities Inc., as well as such existing investors as Technology Crossover Ventures, New Enterprise Associates and Intel Capital.
August Motricity announces the acquisition of M7 Networks, the leading provider of advanced wireless services that connect wireless operators, content providers and end users around mobile content based communities, such as games and music.
2006 
April Motricity secures its third major round of funding of $40 million to fuel the company's aggressive expansion in the mobile content industry. This third round is led by Advanced Equities Inc. with participation from other existing investors including New Enterprise Associates and Technology Crossover Ventures.
July Motricity announces the acquisition of GoldPocket Wireless, the leading provider of mobile technology solutions for media and entertainment companies. GoldPocket extends Motricity's content distribution capabilities and enhances Motricity's award-winning Fuel platform with a distribution gateway that connects more than 200 million subscribers and a mobile marketing campaign manager that has been chosen by over 20 television networks and 45 media companies to power large scale interactive campaigns with real-time requirements.
August Motricity receives an additional $32 million in funding, led by Advanced Equities Inc. with participation from other existing investors.
2007 
February Motricity receives $50 million in equity funding from Carl Icahn.
December Motricity acquires the mobile services business unit of Seattle-based InfoSpace, Inc. (NASDAQ: INSP), a leading developer of mobile technologies and infrastructure services The acquisition expands Motricity's customer base to include 10 of the top 13 carriers in North America including AT&T, Verizon Wireless, Sprint, T-Mobile, Bell Mobility, Tracfone and Alltel.
  Motricity receives $185 million in funding, led by Advanced Equities Inc., Carl Icahn and New Enterprise Associates.
  Motricity announces the sale of the eReader business to Fictionwise.
2008 
March Motricity announces the company headquarters will be transitioned to Bellevue, WA, which is in close proximity to some of Motricity's largest customers.