Tello Passed on to Urban Airship

Tello, a venture-backed mobile application company, has been acquired by Urban Airship. Tello calls itself a mobile application company "committed to helping businesses everywhere by simplifying the latest mobile technologies." Its PassTools app, launched only months ago, helps businesses build and manage passes for Apple's Passbook. A slew of investors found their exits, including 500 Startups, Bullpen Capital and True Ventures, among others.

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