$45 Million Raised by Mobileum for Wireless Business.

Business Editors/High-Tech Writers

PLEASANTON, Calif.--(BUSINESS WIRE)--Oct. 30, 2000

Doll Capital (DCM) and Shelter Capital Partners Co-Lead Initial

Round of Financing Joined by BEA, Mitsubishi and TIBCO Software 

Mobileum Inc., a provider of unique software solutions that power wireless enterprise applications and carrier services, today announced the completion of its Series A financing round. Mobileum has secured a total of $45 million from a combination of investors, including strategic partners, venture firms and individuals.

The investors include: Accretive Technology Partners; BEA Systems Inc. (Nasdaq:BEAS); Doll Capital Management; MC Capital Inc.; MC Silicon Valley Inc.; Mitsubishi International Corp.; Shelter Capital Partners LLC; and TIBCO Software Inc. (Nasdaq:TIBX).

"Our investors share our vision of a new economy driven by innovative wireless buying and selling environments and new kinds of mobile access to interactive content," said Chris Brennan, president of Mobileum. "Early movers that bring compelling mobile services to market will open new channels for businesses to reach a customer base that's eager for anytime, anywhere access. Doing this successfully will require a platform-oriented approach that focuses on rapid deployment, optimizing the user experience and scalability for the future."

"Mobileum's focus on building an enterprise-class mCommerce platform will help enable companies to redefine the way information systems are used to create new business models," said Bill Coleman, founder, chairman and CEO of BEA. "We believe that Mobileum's products and the vision of its people will help drive the wireless mCommerce revolution."

"Mobileum's products are the most complete solution for wireless mobile computing and have a clear advantage in the marketplace," stated Rob Theis, General Partner of DCM. "Furthermore, we were very impressed by the experience and commitment of the management team."

"After comprehensively evaluating the wireless enterprise software industry, we are very excited about our investment in Mobileum," said David Kaplan, Senior Partner of Shelter Capital. "Mobileum fits perfectly within our philosophy of investing in proven management teams building superior product offerings."

About Mobileum Inc.

Mobileum's wireless and mCommerce software platform is designed to power the $100B+ global wireless applications market by meeting the specific needs of organizations looking to offer mission-critical mobile applications and information services to their customers and employees. Mobileum customers are establishing a competitive advantage in the exploding wireless Web economy to grow revenue, expand distribution channels, cut costs, extend their brand and provide superior service. Mobileum is headquartered in Pleasanton, Calif. For more information, visit www.mobileum.com.

Note to editors: Mobileum is a trademark of Mobileum Inc. All other product and company names mentioned herein are the property of their respective owners and are mentioned for identification purposes only.