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Handango announces new round worth $60 million

Filed in archive by tj on September 13, 2006

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PE Wire and PR Newswire report (well the latter does less reporting, but at least has permalinks) that Handango is back into investors focus point.

Handango, the world's leading provider of smartphone content, today announced a financing in excess of $60 million to aggressively extend its leadership position in the fast-growing smartphone content market. The company plans to intensify its investment in the consumer experience, building on its position as the world's largest smartphone content retailer, accessible online and directly from the device. Additionally, Handango's growth initiatives include global expansion, support for new types of content and establishment of new distribution channels.


Handango survived nicely the dry years anf focused on revenue generation. Here is an AO profile:

Headquarters: Hurst, TX Founded: 1999 CEO: Randy Eisenman Employees: 70 Investors Include: HM Capital Partners, Jupitermedia's Internet.com, Q Ventures AO Take: Handango offers downloadable applications-from business productivity programs to travel apps to games-for smartphones and handheld mobile devices. Handango sets itself apart from competitors by offering developers worldwide distribution, marketing support, and e-commerce services. You can't argue with performance-Handango has provided solutions for more than 190,000 titles to 16,000 content providers. And though investors are great, its $25 million in revenue is even better.


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