Mformation manages up $20M in VC funds

Device management company Mformation Technologies Inc. announced $20 million in new venture funding. QuestMark Partners led the company’s funding round, which included investments from Wasatch Cross Creek Capital and Mformation’s existing investors.
“Mformation is right at the heart of a very attractive market,” said Ben Schapiro of QuestMark Partners. “The mobile industry has evolved to the point where data is the primary driving force for growth. Mformation offers a market-leading, proven solution, through their ability to manage services through the lifecycle across any network.”
Mformation, which sells technology that allows customers to remotely manage the software on cellphones, counts Sprint Nextel Corp., Vodafone, T-Mobile, Telefonica, Telus and others as customers.