Action Engine Completes $10M Series D Funding, Becomes Mobile Applications Platform Company to Watch in 2005.REDMOND, Wash. -- Shattering the mobile usability barrier, Action Engine Corporation, the mobile application platform leader, today announced the completion of its $10 million Series D round of financing. The round was led by Baker Capital and brings the total funding raised to date to $45 million since its founding in 2000. The fourth round funding will be committed to market-focused activities, making Action Engine the mobile applications platform company to watch in 2005. The $10 million will finance sales, marketing, and channel development initiatives to aggressively launch the Action Engine Mobile Application Platform(TM) and the Brand-n-Go(TM) turnkey mobile applications pack into the wireless market. The Action Engine Mobile Application Platform represents 80 man years, 28 patents pending, and $35 million worth of research and development in an open, browserless, client/server technology for intelligent mobile devices. Brand-n-Go lets wireless operators go to market in unprecedented timeframes with popular applications, such as Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. , eBay, Amazon, Fox Sports, and Microsoft MapPoint Microsoft MapPoint is both a technology ("MapPoint Web Service," previously known as MapPoint .NET) and a specific software program created by Microsoft that allows users to view, edit and integrate maps. . "Action Engine is the platform company that will drive the revolution in mobile applications," said P. Kevin Kilroy, partner of New York-based Baker Capital. "The Action Engine Mobile Application Platform is the unique technology breakthrough that wireless operators and mobile device consumers have been waiting for." Added Scott G. Silk, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Action Engine, "This funding round accelerates our launch of a world class, go-to-market campaign. For users, the Action Engine platform means responsive, intuitive, personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. mobile applications that encourage addictive, repeat use. As the applications become part of users' daily lifestyle, wireless operators will see revenues from data services skyrocket." About Action Engine Action Engine Corporation, the mobile application platform company, delivers a breakthrough in mobile application usability. The Action Engine Mobile Application Platform(TM) introduces a browserless, client/server approach to accessing transaction-oriented online services that takes 80% fewer keystrokes and drives 20x faster response times than browser-based alternatives. The turnkey Brand-n-Go(TM) applications pack enables wireless operators to go to market in unprecedented timeframes with intuitive, responsive and personalized applications that create an addictive user experience. The company's software has been deployed by a robust list of global wireless operators that include Orange SA, mmO2 and SMART Communications Smart Communications, Inc. commonly known as "SMART", is the wholly-owned mobile phone subsidiary of PLDT. With over 25 million subscribers on its GSM network as of end-February 2007, equivalent to approximately 58 percent market share. , Inc. Additional information is available at (425) 498-1500, info@actionengine.com and www.actionengine.com. About Baker Capital Founded in 1995 and based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Baker Capital is a private equity firm formed to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the dynamic opportunity in the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. created by deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. , new technology, and growth of the Internet. Baker Capital makes investments exclusively in the technology and communications sector with an emphasis in digital communications Transmitting text, voice and video in binary form. See communications. , digital media, technology services, storage technology, network infrastructure, media and software technologies. The firm provides not only capital, but also global strategic thinking and senior level strategic relationships. Action Engine Mobile Application Platform and Brand-n-Go are trademarks of Action Engine Corporation. All other products and brand names are trademarks of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion