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Funambol Rated As Most Promising Private Global Technology Venture

SAN FRANCISCO, Nov. 15 /PRNewswire/ -- Red Herring Magazine announced today that Funambol, the leading provider of mobile 2.0 messaging software powered by open source, has been short listed for the Red Herring 100 Global 2007 Awards. Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this first-time award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1,800 eligible promising companies to the 200 finalists. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy and ecosystem integration. Funambol made the final group due to its outstanding achievements, and Red Herring is honored to announce it is one of the world's most promising tech firms.

SAN FRANCISCO, Nov. 15 /PRNewswire/ — Red Herring Magazine announced today that Funambol, the leading provider of mobile 2.0 messaging software powered by open source, has been short listed for the Red Herring 100 Global 2007 Awards. Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this first-time award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1,800 eligible promising companies to the 200 finalists. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy and ecosystem integration. Funambol made the final group due to its outstanding achievements, and Red Herring is honored to announce it is one of the world's most promising tech firms.

"The 200 finalists we selected from around the world are all excellent contenders," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "They are exceptional companies with smart and innovative platforms that attest to the importance of technology in today's global economy."

"We're excited to be recognized as one of the best startups in the world, especially as we are coming off our best quarter on record," said Fabrizio Capobianco, CEO of Funambol. "With recent announcements, such as the Google Android platform and the Funambol client for Android, mobile open source is on a hot streak. This is where the open mobile device is connected to an open mobile server as the dominant computing paradigm. Funambol has been a first mover here and will continue to lead."

Funambol announced the first open source mobile messaging and sync client for Google Android this week and released the first open source native sync app for iPhone last week. Funambol provides open source push email, contacts and calendars for over 1.5 billion mobile devices, including phones from Apple, Nokia, Motorola, Samsung, Sony Ericsson, LG and others. A commercial version of the company's software has been adopted by mobile operators and service providers around the globe, including Earthlink in the U.S. and 1&1 in Europe. Funambol and other finalist companies will be celebrated at the Red Herring Global event in Seattle on December 3-5.

About Funambol

Funambol provides mobile 2.0 messaging software that is powered by open source. The company is the leading provider of open source push email and PIM synchronization solutions for the mass market. Funambol's open source software has been downloaded more than 1,500,000 times by a global network of 10,000 developers in 200 countries. The commercial version of Funambol's software has been deployed at service providers, mobile operators, portals, Global 1000 businesses, hardware OEMs/ODMs and ISVs including customers such as 1&1, Earthlink and Computer Associates. Funambol is headquartered in Redwood City, California with an R&D center in Italy. See http://www.funambol.com.

About Red Herring

Red Herring is a global media company uniting the world's best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider's access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit http://www.redherring.com.

Contact at Funambol Christina Williams PageOne PR Tel: +1 503 206 7775 Contact at Red Herring Jordy Brazier Senior Manager, Red Herring Global Tel: +1 650 585 3524 Email: jbrazier@redherring.com Media Contact Information and Accreditation Xenia Von Wedel Terpin Communication Inc. for Red Herring Tel: + 1 310 821 6100 Email: xenia@terpin.com

SOURCE Funambol

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