Mitsui & Co. Global Investment (MGI) - Venture Capital, Start-Up

NEWS 2006

[12/04/2006]

The World Economic Forum Announces Technology Pioneers 2007: Hellosoft, Inc. Selected

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San Jose, CA, 4 December 2006 - The World Economic Forum today announced 47 Technology Pioneers for 2007. HelloSoft has been selected as one of these Technology Pioneers. The Technology Pioneers were nominated by the world's leading venture capital and technology companies. The final selection from 225 nominees was made by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers 2007 are invited to attend the Annual Meeting of the World Economic Forum to be held in Davos, Switzerland from 24-28 January 2007.

One of this year's Technology Pioneers is Krishna Yarlagadda an entrepreneurial leader. He has been at the helm of several significant start-ups in Silicon Valley, While under Yarlagadda's leadership, HelloSoft has been recognized with several distinguished awards such as "The AlwaysOn 100 Top worldwide Innovators" for the second year in a row; "VoIP Product Innovation of the Year" award for 2006 from Frost & Sullivan and, Hellosoft was also named one of the "Five Most Promising Companies" at the fifth annual Semiconductor Venture Fair held in 2006. Being selected as a Technology Pioneer shows the impact that HelloSoft has made enabling optimized VoIP technology for the next generation of mobile and wireless devices globally.

"I am very honored to have been nominated and selected as a Technology Pioneer by the World Economic Forum," said Krishna Yarlagadda, President & CEO of HelloSoft, Inc. "HelloSoft is quickly becoming a great success across the globe. To be recognized by the Forum for these achievements makes it extraordinarily special."

Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. This year's class of companies has been selected not only because of the cutting-edge work undertaken by these organizations, but also because their work has potential long-term impact on business and society.

The uniqueness of the Technology Pioneer network ensures that key entrepreneurs are engaged in an integrated and interdisciplinary way, drawing on the diversity, creativity and dynamism of each individual. The Technology Pioneers community will provide the Foundation and its members with in-depth knowledge of some of the key technology issues facing society.

Over half (27) of the Technology Pioneers 2007 are US-based companies, with 13 located in California. The United Kingdom boasts six Technology Pioneers 2007; the Netherlands, India, Israel and Singapore boast two each; Canada, Denmark, Finland, Ireland, Sweden and Switzerland have one each.

"The competition to become a Technology Pioneer has been more intense than ever. It is evident that technology and innovation is playing a key role in the shifting power equation at a global level. Driving this shift is the tremendous amount of innovation taking place outside of traditionally hubs. The wide geographic spread of this year's Technology Pioneers is a testament to this trend. We are pleased to welcome these exciting companies to our Community of Technology Pioneers, and look forward to engaging these industry leaders of the future into the community of the World Economic Forum", said Peter Torreele, Managing Director of the World Economic Forum.

To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader ? and its technology must be proven. Previous Technology Pioneers have included Autonomy, Cambridge Silicon Radio, Encore Software, Google, Millennium Pharmaceuticals and Napster.

Go to http://www.weforum.org/techpioneers/2007 for the entire list of Technology Pioneers and interviews with the CEOs of the selected companies.

HelloSoft has gained industry-wide recognition for creating and becoming the world's leading provider of VoIP Technology for mobile devices. HelloSoft enables mass deployment of low-cost, power-efficient, fully-featured multi-mode mobile devices by providing highly optimized RISC-based VoIP solutions with superior voice quality, QoS, and efficient call switching specifically designed for next generation wireless end-points.

About HelloSoft

HelloSoft is the world's leading provider of VoIP Technologies for wireline and wireless devices. The company enables mass deployment of low-cost, power-efficient, fully-featured multi-mode wireline and wireless devices by providing highly optimized RISC-based VoIP software products with superior voice quality, QoS, and efficient call switching specifically designed for next generation end-points. HelloSoft's IMS/VCC stack enables seamless hand-off between cellular and Wi-Fi networks for multi-mode handsets. This comprehensive portfolio of award winning VoIP products enables OEMs, ODMs and semiconductor manufacturers to deliver VoIP enabled products with a short time to market schedule.

HelloSoft is headquartered in San Jose, California with an R&D facility in Hyderabad. HelloSoft's customers include leading technology firms such as Toshiba, Wistron NeWeb Corp, Panasonic, NeoMagic, Accton and 5V Technologies along with top semiconductor manufacturers Original Device Manufacturers (ODMs) and Original Equipment Manufacturers (OEMs) globally. HelloSoft's partners include Texas Instruments, Intel, Microsoft and Symbian. Please visit www.hellosoft.

About the World Economic Forum

Since the first issue in February of 1998, INTERNET TELEPHONY is the only magazine that focuses on providing information in IP communications technologies. INTERNET TELEPHONY magazine provides readers with the best information necessary to learn about and purchase the equipment, software, and services. INTERNET TELEPHONY offers rich content from solutions-focused editorial content to reviews on products and services from TMC Labs and Miercom. The only BPA-audited publication that's 100% dedicated to providing the highest quality content for the IP communications market, INTERNET TELEPHONY has 55,000 dedicated readers.

About TMC

The World Economic Forum (http://www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.

Notes to Editors:

Go to www.weforum.org/techpioneers/2007 for the entire list of Technology Pioneers and interviews with the CEOs of the selected companies. For more specific information, please e-mail: tech.pioneers@weforum.org

Download print-quality high resolution photographs of the CEOs of the selected companies at: http://www.pbase.com/forumweb/techpioneers2007

Nominate a company to be a Technology Pioneer 2008 at: www.weforum.org/pdg/techpioneers/nomination_form_2008.pdg. Deadline for submissions is May 2007.

contact:

HelloSoft, Inc.
Rina McCord
+1 (408) 441-7110 x104
rina@hellosoft.com