The company needs the money “to take the company’s growth strategy for the USA to the next level and expand business in core markets in Europe and Asia”, plus for technology and extending its global partner programme.
Kaiserslautern-based Netbiscuits’ clients include eBay (NSDQ: EBAY), Axel Springer Group, Time Inc. (NYSE: TWX), Universal Music Group and MTV Network, and claims to power more than 10,000 mobile sites and apps.
The investment size isn’t being disclosed.
Deutsche Telekom’s chief product officer Thomas Kiessling, from the announcement: “Mobile Internet is a very important growth field of Deutsche Telekom (NYSE: DT) and the investment in one of the worldwide leading Mobile Development and Publishing Platforms will enhance the power of innovation both for Deutsche Telekom and for Netbiscuits.”
Creathor was already a Netbiscuits investor since 2007. Netbiscuits has 90 employees across Germany, the U.S., UK and Singapore.