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WirelessDevNet.com Press Release
T-Mobile Venture Fund makes Strategic Investment in Roamware
San Jose, CA - June 9th, 2008 - Roamware, Inc., the leading provider of mobile roaming and media solutions, today announced that T-Mobile Venture Fund has made a strategic investment in the company.
Joachim Horn, CTO of T-Mobile International said: "As one of the world's leading mobile operators it is important that T-Mobile provides excellent solutions to our over 120 million customers. Delivering a seamless, high quality network experience for our customers is of utmost importance to us. Our investment in Roamware, which has an impressive track record in roaming solutions, will help us to achieve our objective to be leading in the field of mobile roaming and mobile media services."
Roamware is a global leader in mobile roaming and mobile media solutions. The company's voice and data roaming solutions are installed in 317 operator networks in 127 countries. The company's innovative mobile media applications allow consumers to discover, use, and share multimedia content.
We are looking forward to a successful long-term relationship with T-Mobile as we continue our company's growth," said Bobby Srinivasan, President and CEO of Roamware. "As a profitable and innovative market leading organization, we are perfectly placed to capitalize on new opportunities in the roaming and mobile media space." Eran Pilovsky, Roamware's Executive Vice President and CFO added: "This mezzanine investment will enable us to fund inorganic growth initiatives as we position the company for continued expansion".
About T-Mobile Venture Fund: The T-Mobile Venture Fund is managed by T-Venture, the venture capital entity of Deutsche Telekom. The activities of the T-Mobile Venture Fund provide T-Mobile with an innovative edge and strong commercial synergies. T-Mobile International is one of the world's leading companies in mobile communications. As one of Deutsche Telekom's three strategic business units, T-Mobile concentrates on the most dynamic markets in Europe and the United States. For more information about T-Venture and the T-Mobile Venture Fund, visit www.t-venture.com.
About Roamware: Roamware is the global leader in mobile roaming solutions and mobile media. Roamware's existing investors include Accretive, DCM, Primera Capital, and Shelter Capital Partners. The company's voice and data roaming solutions are installed in 317 operator networks in 127 countries and generate more than $2 billion in incremental revenues for mobile operators, whilst increasing their operational efficiencies and reducing subscriber churn. The company's innovative mobile media applications allow consumers to discover, use, and share multimedia content, thereby enriching the user experience and generating incremental revenue for content owners and mobile operators.
For more information, please visit www.roamware.com.
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