Mobui Gets Teletouch Investment

Redmond, WA-based Mobui, a mobile applications startup, has received an equity investment from Teletouch Communications, a Fort Worth, TX-based cellular services provider and retailer. Terms of the deal were not disclosed. Mobui will use the funds to expand its software development and customer operations, while Teletouch gets access to Mobui’s applications being built to run on the iPhone, BlackBerry, Android G1, and other handsets.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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