Microsoft Invests In App Discovery Startup Mimvi

Press Release:

SUNNYVALE, Calif., Sept. 25, 2012 /PRNewswire/ – Mimvi, Inc. (OTCQB: MIMV) has announced that it has finalized a partnership agreement with Microsoft Corp. The partnership will see Mimvi develop a number of products and services to complement Microsoft’s Windows Azure and Windows Mobile 8 Platforms. The agreement also involves Microsoft making investments in Mimvi in the form of engineering services, software, and cash.

“We are delighted to be working with Microsoft,” commented Kasian Franks, Mimvi’s founder, CVO and Chairman. Franks continued, “Microsoft shares our mobile vision of the future. Their tremendous expertise, resources and reach, combined with Mimvi’s best-in-class mobile app search technology is a very exciting proposition.”

Mimvi’s CEO, Michael Poutre, echoed Franks’ thoughts: “It is a privilege to work with Microsoft. Everyone at Mimvi is excited at the opportunities this partnership presents as we enter a mobile-dominant world. The synergies of this relationship will benefit stakeholders across the mobile value chain.”

Exact terms of the agreement will not be disclosed at this time.

Source: Mimvi