Funding Fuels MobileAware Employee and Revenue Expansion

Dublin, Ireland, September 20, 2004 - MobileAware, a leading provider of mobile business solutions, today announced funding of US$5 million from Nauta Capital and existing investors, Cross Atlantic Capital Partners and Bank of America, bringing to US$20 million the total funds raised to date. As a result of this latest investment, Mr. Jordi Vinas of Nauta Capital has joined the company’s board of directors.

Founded in 1999, MobileAware specialises in delivering web-based content and applications to mobile devices. Its core software allows for easier creation, better presentation and greater accessibility of mobile services from any existing or future mobile device. MobileAware provides advanced mobility solutions to customers across a range of sectors, with a particular emphasis on telecommunications, media and transportation industries. This latest round of funding will be used to fuel revenue and employee growth as well as expand global distribution channels for the company’s products.

“To best leverage our expertise and contacts, Nauta was actively seeking an investment opportunity in a rapidly growing mobile software company with proven product technology, an experienced management team and a unique value proposition for the market,” commented Jordi Vinas, Director at Nauta Capital. “We found all of these attributes in MobileAware and are excited to be involved with them at a time when they have reached unprecedented opportunities for growth, have an excellent go-to-market strategy in place and have a successful track record of executing on their vision.”

Nauta Capital is a pan-European venture capital company recently established by the founding partners of Cluster Consulting and has a strong investment focus in the mobile communications, media and digital marketplaces.

“We are delighted to garner the confidence of a new investor in Nauta Capital as well as receive the continued support of our existing shareholders,” commented Kevin McCloskey, CEO at MobileAware. “This investment is a testament to MobileAware’s recent growth and success, reaffirms the clear business value we deliver to our customers and will drive an exciting new phase of global business expansion. And, the strategic advice that Jordi will add as a member of the board, based on his vast expertise in the mobile industry, will be invaluable to our continued success.”

About MobileAware
MobileAware is a leading provider of mobile business solutions. The company’s software products enable the delivery of web-based content and applications to all mobile devices – allowing for easier creation, better presentation, and greater accessibility of mobile services. MobileAware’s customers are mobile carriers seeking to create and deliver compelling mobile services to increase wireless data traffic; media and entertainment companies seeking to extend their brand and develop new revenue streams by delivering existing online content to their mobile customers; and cross-vertical enterprises seeking to extend real-time business information to their mobile workforce. Headquartered in Dublin, Ireland, MobileAware is a privately held company and is on the Web at www.mobileaware.com.

For further information contact:

Niamh Murphy
MobileAware Ltd.
Tel: +353 1241 0536
niamh.murphy@mobileaware.com