Phunware jumps 18% as software company partners with ex-Trump adviser (NASDAQ: PHUN)

Phunware (NASDAQ:PHUN) shares jumped on Monday after the San Diego-based software company announced it was partnering with Campaign Nucleus, founded by Brad Parscale, President Trump’s former campaign manager.

As part of the agreement, Phunware will further enhance its Smart Advocacy solution on mobile and further expand its technology-driven policy support capabilities.

Campaign Nucleus provides an AI-powered digital platform that provides centre-right candidates with data collection and curation.

“Phunware’s previous experience deploying enterprise-grade mobile ecosystems designed to engage, manage and monetize large-scale audiences will help Campaign Nucleus deliver essential features and capabilities to any centre-right politician or advocate at local, state or national,” Parscale said in a statement. declaration.

Parscale added that the deal is part of a larger movement to “combat the cancel culture and unchecked power of tech companies that continue to interfere with people seeking to engage directly with policymakers in more ways transparent”.

Shares of Phunware jumped nearly 19% to $3 in midday trading on Monday as more than 72 million shares changed hands, more than six times the average daily volume.

In December, Phunware said it had partnered with PrimusTech to bring its solutions to mobile platforms.