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

NEWS 2008

[11/04/2008]

InnoPath Software Ranked Number 17
in Deloitte's Silicon Valley Fast 50
for Software and Information Technology Companies

Speaks to Strong Financials and Tier 1 Customers

Sunnyvale, California, November 4, 2008—InnoPath Software has been named to Deloitte's Technology Fast 50 Program for Silicon Valley Software and Information Technology (IT) companies. This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. Rankings are based on the percentage revenue growth over five years from fiscal year 2003–2007. This ranking reflects the company’s leadership in Mobile Device Management (MDM) as well as the company’s financial controls and its ability to convert customer engagements into actual revenue.

“With a global customer base of Tier 1 wireless operators and device manufacturers, InnoPath has consistently demonstrated leadership in MDM, resulting in 2099% revenue growth over the past five years,” said John Fazio, President and CEO of InnoPath. “We have the right solution at the right time, offering operators in an uncertain economic environment the controls that will drive costs out of their customer care organizations while enabling superior customer service.”

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in fiscal year 2003 and $5,000,000 in fiscal year 2007, be headquartered in the San Francisco Bay Area, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or d evotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

“Deloitte’s Silicon Valley Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today’s very competitive technology environment,” said Mark Jensen, Managing Partner, National Venture Capital Services, Deloitte & Touche LLP, in Silicon Valley. “We applaud the successes of InnoPath and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years.”

InnoPath’s solution enables mobile operators’ care organizations to provide better service with reduced expenses in the face of increasing device and service complexity. InnoPath is unique in delivering a standards-based pre-integrated solution that is extensible based on the business requirements of the operator. In fact, the ROI for MDM-enabled customer care has been proven in a recent study by the analyst firm Stratecast which places the annual global operator exposure at over $25 billion, much of which may be saved through MDM. Interested parties can review a copy of this study at http://www.innopath.com/care.

About InnoPath

InnoPath Software is the global leader in Mobile Device Management, a technology that enables wireless operators to better and more cost effectively manage and deliver revenue-generating services for consumers and enterprises. InnoPath’s standards-based approach has proven successful at the largest wireless operators in the world, including AT&T, China Unicom, KDDI and Verizon Wireless. The InnoPath client has been adopted by leading handset manufacturers including Nokia, Samsung and LG. InnoPath was recently recognized by AlwaysOn as an AO Global 250 Winner. Headquartered in Sunnyvale, California, InnoPath is privately held with offices around the world. For more information, visit www.innopath.com.

About Deloitte

As used in this document, “Deloitte” means Deloitte LLP.  Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Media Contact

Lisa Eskey
+1 408.884.5157
leskey@sterlingpr.com