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MobileAware announces additional funding, new CEO

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MobileAware, a provider of Mobile Customer and Employee Self Service solutions, has announced an undisclosed additional round of funding led by existing investors Nauta Capital and Cross Atlantic Capital Partners. MobileAware also announced that Todd Shingler, a 17-year wireless industry veteran, has taken over as Chief Executive Officer following closure of the March investment round. As a result of the latest investment, Mr. Dominic Endicott of Nauta Capital, Mr. Paul Sutton of Cross Atlantic Capital, and former CEO Mr. Kevin McKloskey have joined the company's board of directors.

Founded in 1999, MobileAware specialises in delivering Mobile Customer and Employee Self-Service solutions to customers across a range of sectors, with a particular emphasis on the telecommunications, travel, transportation, utility and emergency services industries.  Built on its patented Mobile Interaction Server, ExpressQ, and SmartIP products, MobileAware's Mobile Self-Service solutions are deployed to over 100 customers globally, nearly half of whom are Fortune Global 2000 companies.  This latest round of funding will be used to fund the further expansion of MobileAware's Mobile Self-Service solution offerings.

"With proven product technology, an experienced management team, and years of experience in deploying successful Mobile Self-Service solutions, MobileAware brings a unique value proposition to the market," commented Dominic Endicott, Director at Nauta Capital. "We are excited to continue our involvement with MobileAware as they continue to grow and execute their go-to-market strategy."

"We are delighted to receive the continued support and confidence of Nauta Capital and Cross Atlantic Capital Partners," commented Todd Shingler, CEO at MobileAware. "This investment reaffirms the clear business value we deliver to our customers and will drive an exciting new phase of expansion as we bring to market a number of new Mobile Self-Service Solutions. The strategic advice that Dominic, Paul, and Kevin will add as members of the board based on their vast expertise in the telecommunications and software industries will be invaluable to our continued success."

Shingler joined MobileAware in March 2003 as Vice President of Products and subsequently led Sales and Business Development in the Americas.  Prior to joining MobileAware, he spent 12 years in various roles within Nortel Networks' wireless organization in the USA, Germany and France.