Motricity to buy M7 Networks

Mobile content firm Motricity today said it has agreed to buy mobile community and m-commerce firm M7 Networks for an undisclosed sum. M7 will operate as a division of Motricity and maintain an office in La Jolla, California. M7 has raised $27 million in venture capital. The company provides wireless community services for games, music, and other forms of entertainment. M7's customers include Sprint (where it provides technology for Sprint's Game Lobby), Cingular Wireless, Verizon Wireless, and Telecom New Zealand. Motricity has raised $80 million since its founding and has partnerships with a number of carriers, including Cingular Wireless, Verizon Wireless, and China Unicom.

Both Motricity and M7 Networks are members of the 2005 FierceWireless Fierce 15, an annual list of the top emerging wireless companies. This deal represents the first time two members of the same Fierce 15 class have merged.

For more on the Motricity, M7 deal:
- check out this piece from the Raleigh News & Observer