MobUI Corp., a young mobile application developer, announced today that it has bought peer company Action Engine Corp. The latter has a software platform that streamlines the process of adapting one application to different handhelds and carriers, which could help MobUI scale. The cost of the acquisition hasn't been released, and it's unclear whether Action Engine executives cashed out or took equity in MobUI.
Bellevue, Wash.-based Action Engine had raised $65 million in venture capital before the deal from firms including Northwest Venture Partners, OVP Venture Partners, Baker Capital, Intel Capital and Spangler Ventures. In the past, it has built apps for big names like Sports Illustrated, TiVo and the Wall Street Journal.
This is right up MobUI's alley. The Redmond, Wash.-based company, now 12 employees strong, also customizes mobile software for entertainment companies and newspapers and hopes to benefit from its acquisition's prestigious client roster. Its one named investor is GlobalNET Mobile Solutions.