02/10/2022

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Phunware surges 18% as software company partners with former Trump advisor (NASDAQ:PHUN)

Phunware surges 18% as software company partners with former Trump advisor (NASDAQ:PHUN)

Phunware surges 18% as software company partners with former Trump advisor (NASDAQ:PHUN)

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Phunware (NASDAQ:PHUN) shares surged on Monday after the San Diego-based mostly software organization announced it was partnering with Marketing campaign Nucleus, founded by Brad Parscale, the former campaign manager for President Trump.

As part of the offer, Phunware will further boost its Smart Advocacy Resolution on mobile and to more prolong its abilities in help of tech-enabled politics.

Campaign Nucleus supplies an AI-primarily based electronic system that gives center-correct candidates to collect and curate knowledge.

“Phunware’s preceding expertise in deploying enterprise quality mobile ecosystems intended to have interaction, manage and monetize audiences at scale will help Marketing campaign Nucleus provide vital operation and abilities to any heart proper politician or advocate at the community, state or countrywide stage,” Parscale mentioned in a assertion.

Parscale included that the offer is part of a greater movement to “fight cancel society and the unchecked electric power of know-how providers who continue on to interfere with persons trying to find to engage immediately with plan makers in a more clear manner.”

Phunware shares surged practically 19% to $3 in mid-working day buying and selling on Monday, as extra than 72 million shares adjusted fingers, far more than six instances the average each day quantity.

In December, Phunware said it experienced partnered with with PrimusTech to deliver its solutions to cellular platforms.