32 posts and columns on mobile applications
News BytemFoundry, has been acquired by FIS, which already owned a 22 percent stake in the company. FIS said it will pay $120 million in cash for the remaining stake, meaning the entire deal was worth around $165 million. Other investors in the nine-year-old company include MasterCard, Intel Capital, Motorola Mobility, PayPal, Bank of America and Ignition Partners. MFoundry had 850 clients, many of which were banks that deployed the company’s technology inside of their mobile apps.
News ByteShopKeep POS has raised $10 million to continue the development of its application that allows merchants to manage inventory, track customers and conduct transactions from an iPad. The second round of funding was led by Canaan Partners, with Tribeca Venture Partners and TTV Capital also participating. The company is already serving 3,000 merchants and is working with several partners, including LevelUp, Dwolla and PayPal. It has raised $12.2 million to date.