Truffle hunts for acquisitions, lands MoMac

European VC firm Truffle Venture announced it has acquired a majority stake in mobile media platform provider MoMac. Financial terms of the leveraged management buyout were not disclosed. MoMac's GoMedia platform enables media companies like publishers and broadcasters to optimize their content for mobile distribution, providing tools for publishing, community building, premium downloads and ad-serving; clients include Condé Nast, ITV, Hallmark and Emap. "We believe that MoMac's strong relationships with European MNOs, in addition to its unique site-building tool, are competitive advantages that will allow the company to establish itself as a clear leader in the large and rapidly expanding market of European mobile content facilitation," Truffle Venture general partner Bernard-Louis Roques said in a prepared statement.

For more on the acquisition:
- read this release