Again, it’s another case of a strong company partnering another strong firm to become stronger.
On Tuesday, Austin-based Phunware, Inc. (NASDAQ:PHUN) , a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced that it will implement its Multiscreen-as-a-Service (MaaS) platform at Buffalo Heights, a mixed use development in Houston. This agreement represents a partnership with Midway, a real estate investment and development firm, MKT Consulting, a fully integrated building system design firm, and the Company.
Phunware will license an iOS and Android mobile application portfolio and community website that will serve residents, tenants, shoppers and property management within the development. Phase one of the mobile application portfolio will include residential services for St. Andrie — a five-storey, luxury, multifamily community, and tenant services for One Buffalo Heights — representing approximately 37,000 square feet of office space.
Phunware shares rocketed 12.5 cents, or 8.3%, to $1.63, early Tuesday afternoon on volume of 361,000 shares.