Summary:

PocketGear, the online mobile application store, is buying one of the oldest players in the smartphone apps store sector, Handango, for an u…

PocketGear Buys Handango

PocketGear, the online mobile application store, is buying one of the oldest players in the smartphone apps store sector, Handango, for an undisclosed amount. The two stores put together now have applications for Android, Symbian OS, BlackBerry, Windows Mobile, Palm (NSDQ: PALM), Linux, and Java powered mobile devices, and of course excludes the biggie, iPhone. To date, the stores have generated a combined $400 million in app revenues from customers, they say. Jud Bowman will remain as President and CEO of PocketGear and Alex Bloom, current CEO of Handango, will become COO of PocketGear.

PocketGear is headquartered in Durham, NC with offices in Munich, Germany and Irving, TX, and funded by Noro-Moseley Partners and Wakefield Group. It was spun off Motricity in 2008.

Both Bowman and Bloom shared a previous employer. In June 2008, PocketGear was spun off from Motricity. Motricity had just merged with Bellevue, Wash.-based InfoSpace (NSDQ: INSP) to focus on mobile content infrastructure and services, and wanted to stay out of the direct-to-consumer business. Jud Bowman, a Motricity co-founder, and former board member, bought the company for undisclosed terms. Meanwhile, Bloom, Handango’s CEO, had previously served as the general manager of Motricity’s smartphone business, where he oversaw the direct to consumer website, among other things.

By Rafat Ali

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