'Motricity was formed in 2004 by Ryan Wuerch after having merged with Pinpoint which was founded by Taylor Brockman and Jud Bowman, to provide integrated mobile content solutions for handheld and mobile devices. Originally formed as PowerByHand which then purchased and primarily based on PalmGear.com which was founded by Kenny West and J.D. Crouch - "PalmGear.com", the company changed its name to Motricity in October 2004 after its merger with Pinpoint Networks. The name Motricity is a portmanteau of the words mobile and electricity.Upon completion of reorganization, Motricity became a wholly owned subsidiary of Voltari, which replaces Motricity as a publicly held corporation. It is anticipated that, as of April 10, 2013, shares of Voltari Common Stock will commence trading on the NASDAQ Capital Market under the symbol "VLTC." Wikipedia.
Elliot A.J.,University of Rochester |
Payen V.,University of Toulon |
Brisswalter J.,Motricity |
Cury F.,Aix - Marseille University |
Thayer J.F.,Ohio State University
Psychophysiology | Year: 2011
This research was designed to extend the literature on heart rate variability (HRV) in cognitive performance contexts by examining whether a subtle threat cue (the color red) in a test environment influences HRV reactivity and whether HRV reactivity is associated with change in cognitive performance. Thirty-three participants took an IQ test, briefly viewed red or a chromatic or achromatic control color, and then took a parallel form of the IQ test. High frequency (HF)-HRV (often referred to as respiratory sinus arrhythmia), was assessed before and after the color manipulation. Results indicated that participants who viewed red (relative to a control color) exhibited a decrease in HF-HRV and that decreased HF-HRV was associated with worse IQ performance. These findings demonstrate the sensitivity of HRV as an index of effective and efficient emotion regulation in an achievement context. © 2011 Society for Psychophysiological Research. Source
Motricity | Date: 2011-03-21
Techniques for bundle generation are described. Some embodiments include a mobile marketplace system (MMS) configured to provide dynamically generated content bundles to users in a mobile marketplace. Providing a dynamically generated content bundle may include generating a content bundle that includes multiple related content items, such as songs, ringtones, images, videos, or the like. Some embodiments generate linked bundles that include content items that share one or more attributes, such as artist, genre, or content provider. In other embodiments, content bundles may be generated based on activities of one or more users, including purchase or browsing history. The MMS may also determine a discounted price for a generated content bundle based on pricing information associated with the content items of the bundle. In addition, the MMS may assure compliance with license terms or other safeguards associated with content items.
News Article | January 19, 2012
More woe for beleagured mobile services company Motricity: the company today announced that it is restructuring operations, pulling back from investments in Asia and focusing on growth in North America in areas like mobile advertising and enterprise services. The news comes after a series of other developments that point to the challenging market conditions for Motricity, which it is weathering amid a lot of shareholder allegations around insider trading and other fiduciary violations. Some of these shareholders are now taking legal actions against the company. Four months ago, the company’s founder and CEO, Ryan Wuerch, left the company and got replaced by president and COO Jim Smith as interim CEO. In September 2011, Motricity secured a $20 million loan from High River LP, a firm controlled by Carl Icahn, and at the time said that it was exploring strategic alternatives for the business, including a possible sale. In its statement today, Motricity said that it planned to put more investment into developing its mobile advertising and enterprise businesses as it turned away from other parts of the business that were “no longer strategic or profitable.” It did not provide any detail of how big its Asian operations actually are. Its last quarterly earnings statement, Q3 2011 from November 2011, did not mention the region at all, and international carrier revenues were worth $3.6 million, compared to $19.6 million from North American carriers — although these could also include operations outside of Asia, such as the UK. Q3 2011 revenues, Motricity noted, fell below the company’s own guidance amid lower-than-expected international sales. Motricity has a large base of customers, ranging from mobile operators such as AT&T (NYSE: T), Verizon and Vodafone (NYSE: VOD), as well as top brands like Kraft, American Express and Coca Cola, and offers a host of mobile data solutions, ranging from messaging services through to mobile marketing and advertising. Advertising in Q3 accounted for about $7 million in revenues, it said. We have reached out to Motricity to ask how today’s news impacts employee headcount, and whether the company had any more news regarding the hiring of a permanent replacement for Wuerch. We will update this post as we learn more. Update: A spokesperson for Motricity, via email, told paidContent that the company has made “substantial reductions to headcount” already. But as some of those people affected are still at the company, they are still included in the current headcount, which is between 320 and 350 full-time employees. “We expect that, as a result of the recently announced reductions and our continued review of our costs structure, that number may be lower by the end of Q1.” As for a permanent CEO, the board has called in executive recruitment firm Korn/Ferry, and it is expected that a decision will be made in the next several months.
News Article | August 1, 2012
Updated 11:45 am with more on Motiga Who said summer was a time for taking vacation? Around the Seattle region, it appears, startup companies have been putting the finishing touches on some fundraising. Here are the highlights from a recent flurry of financing paperwork reported to the SEC from companies in the area: —Contour, the personal video-camera startup that helps action-sports enthusiasts capture their exploits in full HD glory, has filed paperwork for about $2.7 million in funding. It looks like debt and/or option financing, and the SEC form indicates the round could grow to nearly $5.7 million. I’ve reached out to Contour to get some more details on the fundraising, but haven’t heard back yet. Contour has strong ties to the University of Washington, having got an early boost from the school’s annual business plan competition. It now makes several lines of personal video cameras, including waterproof models and versions equipped with GPS tracking. —Adapx has added $3 million in financing and retired Army Gen. Peter Chiarelli to its board. Adapx (pronounced `adapts’) makes software and related systems that can capture physical note-taking digitally. So a field worker can take handwritten notes, mark up a chart, or sketch a new design, and then digitize those strokes by connecting the pen to a PC. The new funding is from existing investors OVP Venture Partners, Pelion Ventures, and Paladin Capital Group, and brings the total invested to $30 million, according to a news release. Adapx, based in Seattle, has strong military and intelligence ties: It started as a supplier of user interface technology to DARPA, and has counted In-Q-Tel, the CIA’s quasi-private research and development branch, as a previous investor. The company says 1,000 customers around the globe have used its flagship software, called Capturx. —Jawfish Games, a startup that plans to develop and power tournament-style social games, has raised $2.6 million from angels including Peter Thiel’s Founder’s Fund. Jawfish is led by CEO Phil Gordon, a technology entrepreneur and retired professional poker player. It doesn’t look like Jawfish is focusing on the online gambling aspect of casual and social games, but that arena is looking very promising for developers around the world—so keep an eye on this one. —Solavei, a Bellevue-based wireless startup, has raised $3.6 million. The startup takes an unusual approach to marketing wireless services: It pays customers back for signing other people up to contracts—what’s known as “multi-level marketing.” As Brier Dudley of The Seattle Times wrote, that makes Solavei “kind of like the Amway of wireless companies.” GeekWire’s John Cook notes that the company has attracted “intense discussion from critics and supporters alike.” (Just look at the comments on his post.) Solavei is led by CEO Ryan Wuerch, who was fired from the top job at Motricity last year. It operates on T-Mobile’s wireless network. —Motiga, a Bellevue-based video game startup, has filed paperwork for what looks like two different chunks of financing that add up to about $5.1 million. Co-founder and CEO Chris Chung says that’s the total amount the gaming company has raised to date (see this 2011 report from VentureBeat’s Dean Takahashi that said Motiga had raised nearly $2 million from angels and a corporate investor). “We raised the funds from a number of angels and a couple of online game companies out of South Korea: Neowiz and Smilegate,” Chung says via e-mail. Motiga is stocked with industry veterans, and had been trying out the double-barreled approach that some other game startups have embraced: Building both its own titles and a technology service or platform for other developers to use. But Chung also says there have been changes in focus. Earlier this year, the startup shifted away from publishing mobile games and decided to put its efforts into a seemingly old-school arena: PC online games. The company is now working on an unnamed PC online game “that will ship in a couple of years,” Chung says. “We concluded that the existing mobile platforms and ecosystems are not conducive for creating the type of online games we wanted to create,” he says.
News Article | March 16, 2015
Solavei, the Seattle area startup that employs multi-level marketing tactics to win customers for its mobile phone service, announced a plan to merge with Netherlands-based Aspider as it emerges from bankruptcy proceedings. Solavei arrived on the scene three years ago with a high-profile list of investors, celebrity endorsers and an ambitious business model that relied on customers to spread the word about the company’s cellular phone service, earning cash along the way. But the company — led by former Motricity CEO Ryan Weurch — stumbled last summer when it filed for Chapter 11 bankruptcy protection, listing liabilities in the range of $50 million to $100 million. As part of the merger, Wuerch will remain as CEO and Chairman of Solavei. Solavei said that it will operate normally, and that it will continue “to grow its social commerce network to fulfill its vision of positively impacting millions of people’s lives.” It boasts about 400,000 members, though just 35,000 have built networks large enough that qualify them for commissions, according to court records. “This partnership offers tremendous value to both companies,” said Wuerch in a release. “For Solavei, it will provide the opportunity to leverage ASPIDER direct connections with global mobile operators, and technology resources to enhance and expand mobile services for our members, and broaden Solavei’s reach to enable us to rapidly expand the Solavei brand around the world.” Last month, in the midst of the bankruptcy proceedings, the company welcomed Solavei Presidential Director Staci Wallace — Wuerch’s sister — into its “Solavei Mercedes Club.” You can watch the ceremony below in which Wuerch says the new Mercedes represents the “tens of thousands of people’s lives that have been positively impacted.” “Let every mile represent another 1,000 lives being impacted positively because of Solavei,” Wuerch said before handing over the keys to Wallace. Meanwhile, here is the bankruptcy trustee’s financial report on Solavei for February, showing total assets of $4.2 million and continued losses. And here’s more on how Solavei operates from the bankruptcy filings this week. The filing notes that many in the Solavei network have annual incomes of less than $45,000, making the company’s referral system “meaningful” income. The report also notes that T-Mobile — which provided the back-end network for Solavei — holds a $21.6 million prepetition claim tied to unpaid services. The bankruptcy filing notes how Solavei fell on tough times: Due to the unique and innovative social referral distribution model, the Debtor struggled with structuring the appropriate member commission model. The amount of commission payments owed to members for referrals and network building activities exceeded initial expectations. The Debtor had initially targeted and agreed to pay 50 percent of its gross profit to members in the form of commissions. However, as members found ways to maximize their commissions in ways not anticipated under the commission plan, the company was actually paying some 83 percent or more of its gross profits to members. The Debtor substantially revised the commission plan in March 2013 and again in January 2014, to bring its overall payout closer to the sustainable 50 percent level. The combination of these issues stressed the company’s working capital and liquidity as it worked to recover from initial vendor costs and member commission structures that proved unsustainably high. As a result of this stress on working capital and liquidity, the company found it necessary to file its Chapter 11 bankruptcy with the intention of restructuring its existing liabilities and growing its business.