NewSpring leads $5M raise for Mobiquity

Mobiquity, a Boston- and Wayne-based mobile-systems business software maker that claims CVS, Fidelity Investments, MetLife and the New York Post among its clients, says it has raised another $5 million from NewSpring Capital, the Radnor-based fund headed by Michael DiPiano, along with Longworth Venture Partners, Sigma Partners and Thomas Weisel Partners, 14 months after the same investors pumped in $12 million.

Mobiquity, headed by Boston-based CEO Bill Siebel and Radnor-based President and CEO Scott Snyder, says it has recently expanded into healthcare solutions, announced an applied technology lab, and expanded its digital marketing team, and plans new hires to expand its current staff of nearly 400. The company also has offices in India, Holland, Costa Rica, New York and San Francisco, among other cities.