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The Man Behind Motricity’s $250 Million IPO & His Incentives

Jan 22, 2010 8:38 PM

After promising an initial public offering for the past six years, Motricity has officially filed documents to raise up to $250 million through the public markets. The man behind the deal is Ryan Wuerch, the founder and CEO of the Bellevue, Wash.-based company, who has been in the spotlight for…

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Posted In: Mobile, Money, IPO, Companies, InfoSpace, motricity, ryan wuerch

Industry Moves
Industry Moves: Motricity’s European Head of Sales Leaves As Company Focuses On Asia, South America

Jul 16, 2009 5:47 PM

Motricity will focus more on emerging markets, such as Asia and South America after the Bellevue, Wash.-based company’s head of European sales and business development Frederic Dumeny left the company earlier this year. Dumeny, who was reached by phone in Paris, said he left because he felt like he was…

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Posted In: Industry Moves, Companies, InfoSpace, Countries, Asia, Latin America, Europe, France, UK

Motricity SVP Of Sales George Fraser Departs; Memo Signals International Plans

Mar 13, 2009 4:24 PM

Bellevue, Wash.-based Motricity, which merged with InfoSpace (NSDQ: INSP) early last year, has lost another executive from the InfoSpace ranks, according to an internal memo leaked to mocoNews. Motricity’s COO Jim Smith wrote to employees: “It is with mixed emotions that I am announcing the departure of a solid leader…

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Posted In: Companies, InfoSpace

Supreme Court Refuses To Hear InfoSpace Founder’s Insider-Trading Appeal

Mar 10, 2009 12:07 PM

The Supreme Court is refusing to hear InfoSpace (NSDQ: INSP) founder Naveen Jain’s appeal, which accuses his former lawyers for an insider stock trading case that resulted in a $247 million judgment against him, AP reports. Jain and his wife Anuradha were suing J.P. Morgan Securities, Wilson Sonsini Goodrich &…

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Posted In: Legal, Appeals, Companies, InfoSpace, naveen jain

Motricity Sees Gains In 2008; Hits Revenue Target Of $100 Million

Feb 4, 2009 9:00 AM

Mobile content infrastructure provider Motricity hasn’t had the easiest year. In 2008, it acquired InfoSpace (NSDQ: INSP) Mobile, and moved its operations cross country from North Carolina to InfoSpace’s Bellevue, Wash. headquarters. Soon after, Steve Elfman, one of InfoSpace’s top executives, quit to join Sprint (NYSE: S) Nextel and Motricity…

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Posted In: Entertainment, Companies, InfoSpace, motricity

Industry Moves
Industry Moves: Motricity Names Four New Execs, Including New President/COO

Jan 12, 2009 2:26 PM

Bellevue, Wash.-based Motricity, which provides infrastructure to wireless carriers, has appointed Jim Smith to the role of President and COO; Richard Leigh to the position of SVP and General Counsel; Deepak Dhawan as SVP of Solutions and Services and Abe Danzinger as VP of Sales and Engineering. In the case…

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Posted In: Entertainment, Industry Moves, Companies, InfoSpace, motricity

China Mobile Close To Launching Android Based 3G Phone

Jan 9, 2009 11:44 AM

China Mobile, the country’s dominant wireless carrier, is planning on launching a Android-based 3G mobile phone in the first quarter, reports Reuters, citing a source “with direct knowledge of the issue.” The device, named the “OPhone,” is being built by Chinese mobile device maker Lenovo Mobile, and will be the…

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Posted In: Companies, InfoSpace, Android

Motricity Saga Continues: Company Sues Former Top Executive

Nov 14, 2008 5:25 PM

When Steve Elfman, one of Motricity’s highest-ranking executives, left to join Sprint Nextel earlier this year, it appeared to be a bad sign for Motricity, which had just paid $135 million for Elfman’s company, *InfoSpace* Mobile. But in an interview with us a couple months later, Motricity’s CEO Ryan Wuerch…

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Posted In: Legal, Companies, InfoSpace, Sprint, motricity, steve elfman

Industry Moves
Industry Moves: Thumbplay Promotes Mitch Rotter To SVP Of Content Acquisition And Strategy

Jul 22, 2008 1:42 PM

Mitch Rotter has been promoted to senior VP of content acquisition and strategy at Thumbplay, the company announced today. Rotter brings more than 15 years of experience in music and entertainment to his new position at the company, which he joined in 2005. The company credits him for having contributed…

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Posted In: Entertainment, Games, Music, Industry Moves, Social Media, Video, Companies, InfoSpace, mitch rotter, thumbplay

Interview: Ryan Wuerch, CEO, Motricity: IPO Still An Opportunity; ‘M&A Will Be A Part Of Our Core’

Jul 14, 2008 11:00 PM

Motricity, the mobile infrastructure company that acquired InfoSpace (NSDQ: INSP) Mobile for $135 million in October, has been relatively quiet following a burst of publicity over its controversial headquarters move, opting to focus on the structural changes, wooing new customers and working on contract renewals. Longer term, though, CEO Ryan…

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Posted In: Advertising, Entertainment, Games, Music, Media & Publishing, Search, Social Media, Video, Technologies / Formats, Companies, InfoSpace, motricity, ryan wuerch

EMI and Infospace Reach Settlement on Ringtone Royalties Lawsuit

Jul 4, 2008 1:54 PM

EMI, in the midst of its own management reorg, has settled its ringtone royalties lawsuit with Infospace, though the terms were not disclosed. It did disclose the settlement in an SEC filing late yesterday. Infospace was sued by the music label in early 2007, to the tune of $100 million…

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Posted In: Entertainment, Music, Legal, Companies, EMI, InfoSpace

InfoSpace CEO Jim Voelker Best-Paid Exec In Northwest; Received $38.1 Million In 2007: Report

Jun 16, 2008 12:54 PM

Jim Voelker, InfoSpace’s CEO, was named the best paid chief executive in the Northwest by The Seattle Times after he received a total compensation package of $38.1 million in 2007. The package, which was nearly 15 times as high as the average Northwest CEO, was particularly astronomic due, in part,…

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Posted In: Money, Research & Metrics, Technologies / Formats, Broadband, WiMax, Companies, InfoSpace, jim voelker

Mobile Marketing Crowd Says Improvements Must Be Made For Growth To Happen: Report

Jun 12, 2008 9:00 AM

A survey conducted at the Mobile Marketing Association’s Mobile Marketing Forum this week in New York quizzed advertising agencies, content providers, aggregators, carriers and others about the space to understand from an insider’s view of what is going on in the industry. The survey was completed by 129 attendees and…

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Posted In: Advertising, Media & Publishing, Companies, InfoSpace

Updated: Motricity Also Received Investment From Velocity; Miller Joins Board

Mar 12, 2008 11:39 AM

Velocity Interactive Group, the investment group led by Jon Miller (ex-AOL (NYSE: TWX) CEO) and Ross Levinsohn (ex-Fox Interactive Head) has become an investor in Motricity…this was part of the big December round of $185 million. The investment was discreetly mentioned in a press release today that was focused on…

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Posted In: Companies, InfoSpace, jon miller, motricity, velocity interactive group

Icahn Questions Motricity Investment; Has Faith In The Technology

Mar 10, 2008 10:56 AM

Activist investor Carl Icahn, who poured about $100 million into Motricity last year, said that he now questions the decision following the news that Motricity will layoff 250 of its 600 employees and move to Washington state to be closer to its InfoSpace (NSDQ: INSP) acquisition, according to LocalTechWire.com. Icahn…

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Posted In: Companies, InfoSpace, carl icahn, motricity

Motricity Takes Most Of The Hits With The InfoSpace Merger; Shelves IPO Plans

Mar 6, 2008 1:19 AM

Motricity paid $135 million in October to acquire the InfoSpace mobile division, and now InfoSpace is taking over. As we reported yesterday, Motricity said it will be laying off 250 of its 600 employees and will move its headquarters to Bellevue to be with InfoSpace (NSDQ: INSP). The company will…

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Posted In: Jobs & Layoffs, Companies, InfoSpace, layoffs, motricity

Motricity Leaning Heavily On InfoSpace Acquisition; Laying Off 250 And Moving To Bellevue

Mar 4, 2008 10:10 AM

Motricity has confirmed its much anticipated layoffs, putting the official number at 250. The elimination of more than one third of its workforce will occur over the next nine months, with all affected workers getting an unspecified severance. Previous guesses had pegged the number at about 200 of its 600-person…

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Posted In: Jobs & Layoffs, Companies, InfoSpace, layoffs, motricity

Motricity Announcement May Come As Early As Next Week

Feb 25, 2008 8:50 PM

Motricity, the mobile content/technology firm, told employees today that it will make an announcement regarding layoffs as early as March 3, according to a source citing a letter sent to employees. The letter, sent by Motricity’s CEO Ryan Wuerch today, said that the company did not have any more information…

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Posted In: Jobs & Layoffs, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, InfoSpace, motricity

Rumors Of Major Cutbacks Swirl Around Motricity—What’s The Deal?

Feb 25, 2008 7:45 PM

Emotions are running high after rumors surfaced that Durham, N.C.-based Motricity might be cutting up to a third of its 650-person workforce and may relocate its headquarters to the Seattle-area following its $135 million purchase of Bellevue-based InfoSpace’s mobile division. Given the flurry of comments we received on our original…

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Posted In: Advertising, Entertainment, Jobs & Layoffs, Media & Publishing, Money, M&A & Venture Capital, Mergers & Acquisitions, Search, Technologies / Formats, Companies, InfoSpace, layoffs, motricity

Motricity May Slash As Many As 200 Employees; May Move To Bellevue: Report

Feb 23, 2008 5:48 PM

Updated: We have two more updates on this story, here and here. Layoffs announcement may come as early as next week. Motricity, one of the biggest mobile content and applications firm in U.S. now after the buyout of Infospace’s mobile division last year, may now slash as many as 200…

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Posted In: Jobs & Layoffs, Companies, InfoSpace, layoffs, motricity

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