MformationThe mobile device management software company

mFormation Raises $9 Million in Series D Financing

Round Led by Intel Capital with All Current Investors Participating

Edison, NJ December 21, 2004 - mFormation® Technologies Inc. (http://www.mformation.com),a leading provider of wireless device management solutions for the mobile industry, today announced the close of a $9 million Series D round of financing, bringing the total investment in the company to nearly $35 million. The round is being led by Intel Capital with participation by all existing investors including Battery Ventures, Carmel Ventures, Kingdon Capital and North Bridge Venture Partners.

The new funds will enable the company to continue the expansion of its operating activities to better meet the global demand for superior wireless device management solutions.

“Expanding the market for data services is important to the utilization of high bandwidth networks and to the adoption of rich multimedia handsets,” said Sam Arditi, vice president of the Intel Communications Group and general manager of Intel’s Cellular and Handheld Group. “Solutions like mFormation’s wireless device management and service quality management product suite help expand the market for data services by providing tools to the carrier to configure and maintain the user’s handset, ultimately resulting in an improved end user data experience.”

“We are very pleased that Intel Capital has chosen to lead this round of financing. The strong support of our existing investors represents a significant vote of confidence in mFormation’s technology, team and strategy. mFormation has one of the most functional, scalable and secure device and service quality management product suites in the industry,” said Mark Edwards, CEO and Chairman of mFormation Technologies Inc. “mFormation’s leading position in the wireless device management market combined with Intel’s leadership in wireless technologies will enable mobile operators around the globe to accelerate data revenues from their end users and business customers through superior manageability.”

About Mformation

Mformation Technologies Inc. is the leading global provider of mobile device management (MDM) technology, offering a complete solution that enables mobile operators to rapidly accelerate their data revenues and reduce support costs. Mformation's award-winning MFORMATION SERVICE MANAGER™ suite is the most complete, flexible and integrated mobile device management software solution in the industry, providing solutions for OMA DM-based provisioning and configuration, FOTA management, smartphone application management, diagnostics, security management, enterprise management and customer experience management.

MFORMATION SERVICE MANAGER™ received the 2007 GSM Association’s award for “Best Service Delivery Platform” and was a finalist for the 2008 CTIA E-Tech award in the 4G-Service Management category.  Mformation's platform has been licensed to leading operators in Asia, Europe and the US including Sprint, T-Mobile, Telefónica and Vodafone.  Mformation is headquartered in Edison, New Jersey with offices around the globe.  Mformation is a privately held company funded by Battery Ventures, Carmel Ventures, Intel Capital [NASDAQ: INTC], North Bridge Venture Partners, QuestMark Partners, Visa International and Wasatch Advisors Inc.  

Contact Mformation on the Web at www.mformation.com

Trademarks

Mformation and the Mformation logo are registered trademarks and MFORMATION SERVICE MANAGER is a trademark of Mformation Technologies, Inc. All other trademarks, registered trademarks and brand names are the property of their respective owners.