Mountain View, Calif. —January 22, 2007— Mobile Content Networks, Inc. (“MCN”), a leading provider of mobile search solutions, announced today it has closed its Series B funding round led by Meritage Funds with the participation of Dentsu.com, Netage Capital Partners, UniqueLab, and Suneight. The company will use the funds to further expand the development and marketing of MobileSearch.net, the wireless industry's first real-time search management platform.
“Given the growing availability of searchable mobile content, mobile brands today desire the ability to create search solutions that work according to their specific business rules. MCN’s real-time search management platform enables mobile brands to build the most usable search solutions with a fraction of the effort it takes traditional search engine providers.”, said Marc Bookman, CEO of MCN, Inc. “With the emergence of real-time search services, any searchable mobile content becomes accessible within two to three-clicks and the distinction between on-deck vs. off-deck content becomes far less relevant.”
Since its founding in late 2004, MCN has been working with industry leaders in key mobile markets to perfect its real-time search technology. Starting in November 2005, the company has been powering all of the search services for Finnish mobile carrier, DNA. The company subsequently released a mobile shopping service in Japan in cooperation with over a dozen local m-commerce vendors. At the end of last year, D2 Communications, the largest mobile advertising agency in the world, released its FM Radio Search service to DoCoMo handset users providing listeners of FM radio with one click access to ringtones, music downloads, CDs and DVDs . all running on MCN’s MobileSearch.net platform. The company is currently working with over twenty partners in ten countries who are developing solutions based on its platform.
“The mobile search management platform developed by MCN enables mobile brands to easily develop their services in a very short time, allowing efficient and broader search applications,. stated Naohiko Teshigawara, President and CEO of Dentsu.com. .Our investment in MCN is based on their experience in Japan with its advanced mobile industry and the synergy effect with Dentsu Group companies to target world-wide expansion.
“MCN’s real-time search platform enables the most efficient creation of highly competitive search offerings compared to traditional search technology,. said Jim Dovey, Operating Partner of Meritage Funds. .The ability to rapidly build specific mobile search solutions in any language with very high click-through rates enables MCN to offer its business partners new revenue streams as well as higher returns on their investment. We believe this will be the case for MCN.s financial partners as well.”
About Mobile Content Networks, Inc.
About D2 Communications
About Netage Capital Partners
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Except for the historical information contained herein, the matters discussed in this press release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected, In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. The company assumes no obligation to update information contained in this press release.