LiveWire Mobile Acquires Groove Mobile for $14.5 Million - Framingham, MA

LiveWire Mobile, a Framingham-based provider of personalization services for mobile operators, has acquired Groove Mobile, a privately held, Bedford-based provider of mobile music services. LiveWire said the acquisition will allow it to meet operators' growing demand for a portfolio of managed services, including ringback tones, ringtones, full-track music and video downloads, delivered through an integrated storefront. The purchase price for the deal was $14.5 million.

http://www.livewiremobile.com/About/Buzz/Press/GrooveMobile.htm