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Funambol Selected by AlwaysOn as an AO100 Top Private Company Award Winner

REDWOOD CITY, Calif., July 17 /PRNewswire/ -- Funambol, the mobile open source company, today announced that it has been chosen by AlwaysOn as one of the AO 100 Top Private Companies for 2007. The fifth-annual elite AO100 list was compiled by the AlwaysOn editorial panel. In order to be eligible for the AO100 list, companies had to be peer-nominated, with AlwaysOn receiving more than 1,000 nominations from venture investors, investment bankers and other industry experts.

REDWOOD CITY, Calif., July 17 /PRNewswire/ — Funambol, the mobile open source company, today announced that it has been chosen by AlwaysOn as one of the AO 100 Top Private Companies for 2007. The fifth-annual elite AO100 list was compiled by the AlwaysOn editorial panel. In order to be eligible for the AO100 list, companies had to be peer-nominated, with AlwaysOn receiving more than 1,000 nominations from venture investors, investment bankers and other industry experts.

Funambol and the AO 100 Top Private Companies for 2007 will be honored at the AlwaysOn Stanford Summit to be held July 31 – Aug 2, 2007, at Stanford University. The Stanford Summit is a two-and-a-half-day executive gathering that highlights the significant economic, political and commercial trends affecting the global technology industries. The idea behind the AO100 top private companies list is to identify the most promising entrepreneurial opportunities and investments in the global technology industry.

Funambol provides open source software that allows mobile carriers and service providers to deliver contacts, calendar and email to consumers on everyday mobile phones. With more than one million downloads of its software, Funambol has one of the largest open source communities, making its pace of innovation and product development unmatchable. This model is essential in a market where device compatibility is paramount and change is constant. Funambol supports more devices than any other provider of mobile email for consumers by supporting SyncML, Windows Mobile, Java ME, and a variety of community and third party solutions such as BlackBerry and Palm PIM sync.

A full list of all the AlwaysOn Top 100 Private Companies can be found on the AlwaysOn Web site at http://alwayson.goingon.com/permalink/post/15899.

"Funambol is seeing more and more demand from mobile carriers and service providers all around the world for a low-cost wireless email and PIM sync solution for the mass market," said Fabrizio Capobianco, CEO of Funambol. "We are honored to be included among the best in technology with this recognition from AlwaysOn."

About Funambol

Funambol is the leading provider of open source push email and PIM sync for consumers. The company is supported by a global community representing more than 1,000,000 downloads and 10,000 contributors in more than 200 countries. The commercial version of Funambol's software has been deployed at wireless operators, Fortune 100 enterprises, hardware OEMs/ODMs and ISVs including customers such as Earthlink and Computer Associates. Funambol is headquartered in Redwood City, California, with a development center in Italy. See www.funambol.com.

For Funambol For Always On Stanford Summit Page One PR A&R Edelman Jennifer Cloer Elizabeth Anderson 503-867-2304 Ph: 650-762-2800 jennifer@pageonepr.com eanderson@ar-edelman.com

SOURCE Funambol

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