Redmond, Wash.-based Mobui, which is focused on making mobile applications and recently bought the assets of Action Engine, has raised a round of capital from Teletouch Communications, a cellular and consumer electronics retailer. Terms of the transaction were not disclosed. Mobui will use the funds to expand the company’s software development and customer operations functions. Through the investment, Teletouch will gain access to Mobui’s catalog of mobile applications being built on such platforms as Apple’s iPhone, Research In Motion’s Blackberry, Google’s Android, Windows Mobile and others. Current Mobui clients include: Viacom (NYSE: VIA), TiVo (NSDQ: TIVO), VH1, The Wall Street Journal, MSNBC.com, Sports Illustrated, Barrons.com, Golf.com, and MarketWatch. Last year, Mobui (pronounced either “Mob-U.I.” or “Mo-BUI”) raised an undisclosed amount of capital from GlobalNET Mobile Solutions, a wireless application services provider in Latin America, which is also one of MobUI’s first customers, in order to buy the assets of Action Engine. As part of the transaction, Teletouch President and Chief Operating Officer, T. A. “Kip” Hyde, Jr., will be joining Mobui’s board of directors, effective immediately. Release.