BofA Hedges Its Bet With mFoundry Stake

Sausner, Rebecca
August 2008
Bank Technology News;Aug2008, Vol. 12 Issue 8, p12
Trade Publication
The article reports on the success of Bank of America Corp.'s (BofA) strategic investment in the mFoundry platform in the U.S. The platform provides an addition of short messaging service banking and downloadable applications, along with a history of working with mobile operators and other players. However, mFoundry chief executive officer (CEO) Drew Sievers considers BofA's investment as a validation of the company's product and progress.


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