Mobile search and advertising startup Medio cuts staff |
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Mobile search and advertising startup Medio cuts staff
Seattle mobile search startup Medio Systems has laid off an undisclosed number of staffers, a move that comes a week after Microsoft inked a deal to provide search functionality on Verizon phones.
At the time of that deal, Medio -- which has provided mobile search technology to Verizon in the past and reportedly was working in conjunction with Google to broaden the deal -- declined to comment on the possible impact. The company says the two events are not connected, with a spokeswoman for the company saying the layoffs were tied to the general economy.
Verizon remains a customer of Medio, which also provides mobile search functions to T-Mobile and Telus.
Medio is "streamlining" the business, with a reduction of fewer than 10 percent of the staff, the spokeswoman said.
Medio raised a $30 million venture round in 2006 from Accel Partners, Mohr Davidow Ventures, Frazier Technology Ventures, and Trilogy Equity Partners. The company is led by Brian Lent, who previously founded Intelligent Results and worked at Amazon.com.
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