The Perfect Mobile Match: Global Footprint, Extensive Applications, Integrated Billing, and Financial Strength Create Undisputed Market Leader, Reshape Mobile Industry
THE GLOBAL LEADER IN MOBILE CONTENT, ENTERTAINMENT & MARKETING SOLUTIONS CELEBRATES THE SUCCESSES OF THE PAST YEAR AT THE 2004 CONGRESS
Stand: B1, Hall 1 - The BIBO Yacht
International SMS Agreement with Hutchison CAT Wireless Multimedia Further Strengthens Mobileway’s Leadership in Delivering Full Two-way
Messaging Capability between Global GSM, TDMA and CDMA Networks
The Mobile Messaging Leader launches at SMS03 - DIMA its New Application Platform to Enable Brand Owners to Easily Deploy Mobile Services & Build Highly Targeted Databases
Fun Suite’ and ‘Campaign Manager’ application platforms allow mobile marketers and brand owners to rapidly deploy mobile services while building highly targeted databases
MOBILEWAY RAISES $17 MILLION IN
SERIES C ROUND FUNDING
Existing investors joined by new participants including CDP Capital Technology Ventures and Intel Capital Corporation
20 October 2003 London, UK
Mobileway, the global provider of mobile services, has secured $17 million in its third round of funding. Led by Mayfield, the round includes new, strategic investments from CDP Capital Technology Ventures, Intel Capital Corporation and others, as well as additional capital from second round investors. The new financing supplements a first round that closed in summer, 2000, and a second round that closed in summer, 2001. Mobileway will use its third round financing to fulfil customer commitments through the further development of value-added solutions, hosted tools and applications platforms, and its global connectivity and settlement infrastructure.
Janice Roberts, General Partner at lead investor Mayfield, said: “Mobileway is extremely well positioned to capitalize on the opportunities for growth in mobile services. The company is already a major global player and its technology, management and customer base are second-to-none. Mayfield is truly excited to be a part of the next phase in Mobileway’s development.”
Mobileway has experienced dramatic growth over the past three years both in terms of its customer portfolio, which now includes more than 400 local and global brands of the world’s leading media, entertainment and marketing companies, as well as through the expansion of its product portfolio. Through the development of advanced application platforms, Mobileway offers companies industry-leading solutions that help them build fun, attractive campaigns and a first class service for delivering and monetizing their content across the globe.
Russ Shaw, CEO of Mobileway, said: “In this extremely challenging fundraising environment, we are proud and delighted to be funded by such a notable group of investors. This is a fabulous endorsement for Mobileway and a clear indication of their belief in the company’s ability to play a central role at the heart of four main industries – telecom, IT, payment and content – and to be a key player in the development of information and financial exchange. Now that the heralded convergence is really beginning to take off, Mobileway’s competence and experience in these fields place it in a singular position to play a pivotal role in the creation of a booming market for digital information exchange."
About Intel Capital Corporation
Intel Capital, Intel's strategic investment program, is one of the largest worldwide corporate venture programs investing in the technology segment. With an overall strategy to stimulate advances in computing and communications, the Intel Capital team seeks out and invests in promising companies worldwide working together to establish new and innovative technologies, develop industry standard solutions, drive Internet growth and advance the computing platform.
CDP Capital - Technology Ventures
CDP Capital - Technology Ventures, a member of CDP Capital, invests in innovative companies with promising leading-edge technologies. It also develops partnerships with venture capital funds in Canada, the United States and Europe. Through its portfolios I and II, CDP Capital - Technology Ventures has invested,in 2002, in about 53 companies and investment funds in biotechnology and life sciences, information technologies and industrial technologies. The market value of the total assets under management by CDP Capital - Technology Ventures is almost CA$1.0 billion (US$0.63 billion). For more information: www.cdpcapital.com/technologyventures
CDP Capital, the largest asset manager in Canada, has close to CA$130 billion (US$82.05 billion) in total assets under management and oversees the activities of CDP Capital - World Markets, CDP Capital - Private Equity and CDP Capital - Real Estate Group. With its experienced managers in global markets, CDP Capital provides CDP and other clients in Canada and around the world with the most comprehensive range of products and fund management services. For more information: www.cdpcapital.com
About Mayfield
Mayfield provides “venture capital with impact” and shows leadership in early-stage venture investing by teaming with exceptional individuals to create industry-leading companies. Based in Menlo Park, California, Mayfield has deep domain expertise in enterprise software, consumer, networking and communications technology. Since Mayfield's founding in 1969, the firm has invested in more than 400 companies, completed hundreds of mergers and acquisitions and taken 150 companies public. Mayfield’s portfolio of companies includes those that represent the foundation of today's technology economy, as well as companies striving to set the technology paradigms of the future. For more information: www.mayfield.com
About Mobileway
Mobileway is a global provider of mobile services. With more than 100 direct connections to mobile carriers, and the world’s largest number of “billing-on-behalf” agreements with carriers for premium content, Mobileway has unrivalled reach to 90% of mobile users throughout the World, guaranteeing cost effective, secure deployment of mobile applications to professional and personal mobile users.
With lifestyle services and applications for mobile information, communication, marketing, entertainment, commerce and enterprise, Mobileway increases the value of mobile data for content providers, operators and corporations alike. Incorporated in Delaware USA, Mobileway has offices located throughout Europe, Asia and the United States. Additional news and information about the company is available at www.mobileway.com.
