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Handmark Raises 5 Million Venture Funding
Posted on 13-Sep-2005 09:30. | Tags Filed under: News.

Handmark has closed a US$5 million round of funding, to be used to expand marketing and development resources as the company launches its Pocket Express content publishing platform on more devices and in new markets in North America and Europe.

Handmark Pocket Express is already deployed as a consumer application in the USA. The company also provides technology, content aggregation, and client/server management for carrier delivered consumer services based on Pocket Express.

The service offers consumer-friendly access to news, reference and infotainment content on cell phones as well as BlackBerry, Treo and Windows Mobile wireless handhelds. The company also has distribution relationships with CNN International, Reuters, Oxford University Press, Atari, Hasbro, and Zagat Survey as well as Sprint, Nextel, T-Mobile, Verizon, and others.

According to Handmark CEO August Grasis, III, “This investment helps us accelerate growth, and Handmark gains significant advantages from the addition of Alan Patricof and Matt Rightmire to our board. We are delighted to have the backing and global resources of investors with our industry expertise and global resources to drive our expansion plans.”

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