Mobiquity Secures $3M credit facility from Comerica Bank

Mobiquity, Inc., a Wellesley, MA-based professional services firm specializing in user-centered design, build, deployment and management of innovative enterprise-class mobile solutions, has secured a $3m credit facility from Comerica Bank’s Technology & Life Sciences Division (http://www.comerica.com).

The company intends to use the funds to expand in additional geographies and focus on specific vertical markets including mHealth, financial services and insurance, media and entertainment and travel, transportation and hospitality.

Launched in April 2011 by CEO Bill Seibel and Dr. Scott Snyder, Mobiquity provides a range of mobile strategy, UX design, build and implementation services.
It has already grown to more than 100 employees in four offices including Wellesley, MA; Philadelphia, PA; Providence, RI and San Jose, Costa Rica. The company, which is continuing to hire (http://mobiquityinc.com/careers), works with more than 70 mobile brand leaders, including the New York Post, Weight Watchers, Boston Scientific, MetLife and others.

FinSMEs

28/02/2012

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