Motricity Sees Gains In 2008; Hits Revenue Target Of $100 Million

imageMobile content infrastructure provider Motricity hasn’t had the easiest year. In 2008, it acquired InfoSpace (NSDQ: INSP) Mobile, and moved its operations cross country from North Carolina to InfoSpace’s Bellevue, Wash. headquarters. Soon after, Steve Elfman, one of InfoSpace’s top executives, quit to join Sprint (NYSE: S) Nextel and Motricity sued. But still, the privately held company said today it was able to meet its 2008 goal of reaching more than $100 million in revenues. The company also reported a number of statistics, which hinted at the company’s marketshare and provided some evidence that people are accessing more information and entertainment on their phones than ever before. Motricity CEO Ryan Wuerch declined to comment on the lawsuit, other than to say it continues, and declined to provide forecasts for 2009, but did fill in some of the blanks from the last year. Release.

Revenues and profitability: Wuerch: “We said $100 million was the target. We aren


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