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MobUI Acquires Action Engine, Raises Funds

MobUI, a Redmond, WA, developer of mobile applications, announced it has acquired mobile application platform firm Action Engine of Bellevue, WA, and raised an undisclosed amount of new funds. MobUI says the new financing—led by South American wireless application service provider GlobalNET Mobile Solutions—will help the firm develop applications for the iPhone, mobile Web, and major consumer brands. The firm did not disclose terms of the Action Engine buyout.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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