Motricity acquires mobile community developer M7 Networks
Posted on 4-Aug-2005 10:12
Filed under: News
Motricity, Inc., announced today that it has acquired M7 Networks based in La Jolla, California. M7 Networks develops advanced wireless services that connect wireless operators, content providers and end users around mobile content based communities, such as games and music. M7 Networks' mobile community functionality includes many features such as loyalty programs, peer ratings and reviews, referrals, game leader boards, tournaments, buddy lists, and much more.
The company says the addition of M7 Networks builds upon Motricity's strategy of providing wireless operators, content providers, media companies, portals, and other partners with scalable mobile content and solutions they need to meet the personalized needs of their users and deliver highly compelling user experiences in ways that build customer satisfaction and brand loyalty.
For the last five years, M7 Networks has been working in the development and management of mobile content-based communities and other value-add services. Sprint, Cingular, Verizon Wireless, and Telecom New Zealand are among the leading wireless carriers relying on M7 Networks' technology and services. The Game Lobby from Sprint is a prime example of a mobile community powered by M7 Networks.
Through mobile communities, wireless carriers can better track and understand users' needs and interests, thus enabling them to improve the merchandising and marketing of their content based on data analytics derived from user activity in the communities. Furthermore, communities provide a strong forum for viral marketing, as they enable users to interact and share information with each other, just as they successfully do in the wired e-commerce world. Communities empower early adopters to evangelize and spur viral marketing within their communities.
"The influence of mobile communities is equivalent to that of the online communities surrounding eBay, Amazon or AOL. Communities are made up of individuals who are actively seeking additional information and recommendations on content and services," said Ryan Wuerch, chairman and CEO of Motricity. "By creating and supporting mobile communities, we are helping wireless operators, content providers, media companies, portals and other partners accelerate adoption of new content through demand generated by user-to-user interactions. In fact, some of M7 Networks' carrier partners have seen download rates of community-enabled content outpace non-community download rates by 2-3 times.
Following the completion of the acquisition, M7 Networks will become a division of Motricity and will maintain an office in La Jolla, California, expanding the company's West Coast presence as it continues to expand globally. Motricity is also the owner of such brands as PalmGear and PocketGear.