Carmel Ventures

 “The acquisition of Aepona’s device management business strengthens our value proposition further to mFormation customers. Going forward we will also be working in partnership with Aepona as it continues to roll-out its Causeway platform to operators worldwide – supporting them with next generation and IMS solutions development.”

Together, mFormation and Aepona deliver MDM solutions to over 20 independent Network Operators, such as Centennial, Meteor, RCC, Rogers, T-Mobile, Vodafone, Vodafone Japan and other Tier 1 Operators.

“In order to allow Aepona to focus even more on the rapidly growing Causeway business, the Board decided to divest the Aepona Device Management System subsidiary following a track record of successful divestments to market leaders such as Openwave and LogicaCMG.  We are delighted to have completed this transaction with mFormation, a leader in Mobile Device Management. We look forward to a partnership with mFormation to add value to our customers,” said Gilbert Little, Chairman of Aepona’s Board. 

The Aepona technology will enhance the already significant mFormation portfolio and complement the services that mFormation provides to its customers. This extensive portfolio will enable operators to offer a truly comprehensive MDM solution to their customers.

mFormation offers a comprehensive and fully integrated device management solution for network operators enabling them to more rapidly access mobile data revenue streams. Its solution addresses configuration, FOTA, feature upgrades, Smartphone management, diagnostics, enterprise management, security and customer experience management. These are supplied through a fully integrated platform, which can be licensed in modules or as a comprehensive suite of solutions. 

mFormation have commercial deployments that service over 150 million subscribers today, which will extend to over 400 million Worldwide during the course of 2006 from existing contracts for the mFormation service manager suite. As a result mFormation have leadership in MDM including OMA standard based Configuration and FOTA solutions and is the most deployed server in the market today of MDM Globally.

About mFormation Technologies, Inc.
mFormation Technologies Inc. is the leading provider of mobile device management (MDM) software, offering a complete solution that enables mobile operators to rapidly accelerate their data revenues and reduce support costs. mFormation’s market-leading mFormation SERVICE MANAGER™ Suite is the most comprehensive, flexible and integrated mobile device management software solution in the industry. A completely modular solution, the suite enables mobile operators to remotely configure settings and new services, diagnose faults, update firmware and software, monitor the customer experience, and secure device content throughout the device lifecycle.

mFormation’s software manages a broad mix of wireless devices, including OMA standards-compliant mobile phones, Symbian OS-based devices, Microsoft [NASDAQ: MSFT] Pocket PC-based handhelds and smart phones, RIM [NASDAQ: RIMM] BlackBerry devices, Palm [NASDAQ: PSRC] OS-based wireless devices, and SIM cards across a wide range of wireless carrier networks, including UMTS, CDMA and GSM/GPRS.

Headquartered in Edison, New Jersey, and with offices in the UK, Europe, India and China, mFormation is a privately held company funded by Battery Ventures, Carmel Ventures, Deutsche Bank [NYWE: DB], Intel Capital [NASDAQ: INTC], Kingdon Capital and North Bridge Venture Partners. mFormation’s platform has been licensed to  leading operators in Europe and the US, and is expanding its reach worldwide. Contact mFormation on the Web at http://www.mformation.com.