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App Store Consolidation - PocketGear Buys Handango

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Veteran mobile apps store, Handango has been brought by rival PocketGear for an undisclosed amount. Upon closing, Jud Bowman will remain as President and CEO of PocketGear and Alex Bloom, current chief executive of Handango, will become Chief Operating Officer of PocketGear.

"Our vision is to facilitate an open app store ecosystem that supports every mobile device, every application, and every carrier network globally," said Jud Bowman, President and CEO of PocketGear. "By combining the two largest independent app store companies, we're creating significantly more scale and value for all of the stakeholders in the open app store ecosystem."

According to Hoovers, investors in Handango included Institutional Venture Partners , Advanced Technology Ventures, and CentrePoint Ventures. PocketGear is backed by Noro-Moseley Partners and Wakefield Group.

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Tags: handango  pocketgear  mobile apps  apps