Monday, July 30, 2007

Action Engine Raises $20M in Venture Capital

Action Engine Corp., a developer of on-device portal software, is announcing today that it has raised $20 million in a venture capital funding. Action Engine said previous investor Baker Capital led the effort, while two more previous investors, Northwest Venture Associates and The Spangler Group, also participated. To date, Action Engine has raised $65 million in venture capital, the company said, adding that the money will be used to accelerate the firm’s sales, marketing and customer implementation efforts. Based in Bellevue, Wash., Action Engine has been delivering on-device portal software to media companies and mobile operators since 2000. ODPs are downloadable clients that reside on wireless devices. More information »