Carmel Ventures

Edison, New Jersey, USA – February 23, 2007 – Telefףnica Mףviles Espaסa (TME), Spain’s leading mobile telecommunications company, has successfully deployed the Mformation® Technologies Inc.’s MFORMATION SERVICE MANAGER™ suite, providing seamless device management to its subscribers. The system went live in June, 2006 and enables Telefףnica mobile subscribers in Spain to deliver the full potential of next-generation wireless technology profitably.

Mformation is the leading global provider of complete mobile device management (MDM) solutions; its services allow operators to unlock the power of mobile networks. By increasing visibility, allowing real-time control, and providing complete security, the MFORMATION SERVICE MANAGER™ suite gives a fresh new perspective on connected devices.

Telefףnica Mףviles Espaסa uses Mformation’s solution to remotely configure, diagnose and manage feature phones and smart devices to satisfy customer’s needs. In addition, TME is offering a hosted mobile device management and security solution to its enterprise customers. The Telefףnica Mףviles Espaסa device management solution is being delivered by Mformation and its systems integration partner HP. The partners have together implemented the device management technology across Telefףnica Mףviles Espaסa operations.

Carlos Melendo, TME Handset & SIMCards Senior Manager comments: “Telefףnica has an aggressive growth strategy across the globe, underpinned by our ability to drive the adoption of new applications and data-rich services, increasing average revenue per user. Working with Mformation to deliver a fully supported customer experience brings us closer to fulfilling this strategy in Spain.”

“The Mformation mobile device management technology not only enables TME to access important revenue streams beyond traditional voice and SMS, but also to offer enhanced support services,” said Mark Edwards, CEO, Mformation. “In today’s competitive marketplace it is vital for operators to invest in technologies that allow them to offer more to their customers, boosting their competitive offering and growing their revenues.”

About Telefףnica Mףviles Espaסa
Telefףnica Mףviles Espaסa (www.empresa.movistar.es) is the mobile operator of Telefףnica in the Spanish market. As of September 2006, Telefףnica Mףviles Espaסa had most than 21 million customers and a wide catalogue of services and applications with the latest mobile technology, such as UMTS. Movistar is the brand for the mobile companies of Telefףnica Group in Spain and Latin America with exception of Brazil.

Mformation Technologies Inc. is the market leader in mobile device management (MDM) software, offering a complete solution that enables mobile operators to rapidly accelerate their data revenues and reduce support costs. Mformation’s market-leading MFORMATION SERVICE MANAGER™ suite is the most complete, flexible and integrated mobile device management software solution in the industry, providing solutions for OMA DM-based provisioning and configuration, FOTA management, smartphone application management (including Linux, Microsoft Windows Mobile, RIM and Symbian OS devices), diagnostics, security management, enterprise management and customer experience management. MFORMATION SERVICE MANAGER received the 2007 GSM Association’s award for “Best Service Delivery Platform” at this year’s 3GSM World Congress in Barcelona.

Headquartered in Edison, New Jersey, with North American offices in Atlanta, Chicago, Kansas City, Seattle and Toronto, Mformation also has offices in the UK, Germany, Spain, Italy, India, China, Malaysia and Japan, as well other parts of Asia and South America. Mformation is a privately held company funded by Battery Ventures, Carmel Ventures, Alex Brown Venture Partners, Intel Capital [NASDAQ: INTC], Kingdon Capital, North Bridge Venture Partners and Visa International. Mformation’s platform has been licensed to leading operators in Asia, Europe and the US including Sprint Nextel, Telefףnica, T-Mobile, and Vodafone. Contact Mformation on the Web at www.mformation.com.

Mformation and the Mformation logo are registered trademarks and MFORMATION SERVICE MANAGER is a trademark of Mformation Technologies, Inc. All other trademarks, registered trademarks and brand names are the property of their respective owners.