Colibria Raises 10 Million Euro Funding to Drive International Expansion

Leading mobile instant messaging provider plans for continued growth in 2007.

Colibria, a leading provider of new generation Mobile Instant Messaging (MIM), solutions, today announced additional funding of €10m from current lead investors Northzone Ventures, Verdane Capital and Ferd Venture. The funding will be used for strategic international expansion, to support Colibria’s growing customer operations and the ongoing development of solutions to launch, grow and enable interoperability for MIM services.

Torleif Ahlsand, General Partner with Northzone Ventures and Chairman of the Board at Colibria, said: "Colibria is already recognized as a leader in Mobile Instant Messaging and Presence with its carrier grade server and client software sold to operators and service providers worldwide. 2007 is widely predicted to be the year that MIM hits the mainstream as the next critical evolution of the mobile messaging market. Colibria is set to capitalize on this trend, entering another rapid growth phase that will put it at the heart of new generation mobile messaging."

Keith Gibson, CEO, Colibria said: "Colibria enjoyed a 400% increase in revenues last year and we expect to build on this strong growth path throughout 2007. We will be harnessing these additional funds to cement our position at the forefront of the MIM market – supporting our strategic expansion internationally and building our extensive portfolio of solutions. These enable operators to not only launch innovative MIM services, but to ensure their interoperability with existing messaging services such as SMS and with additional operator service networks."

Colibria’s market position is built on its innovative solutions which include a comprehensive suite of MIM products based on advanced client and server technology. The company has worked closely with the Open Mobile Alliance (OMA) to drive the development and standardisation of the core enabling server technology: OMA IMPS (Instant Messaging and Presence Service). This technology is the industry benchmark for MIM services today.

Colibria has an integral role in supporting the GSMA’s Personal IM and IM interoperability initiatives, driving the growth and interoperability of MIM services where Colibria is already deploying tier one IM interoperability solutions.

For more information please contact:
Emma Turner / Richard George
Tel: 0207 792 7440
Email: emma.turner@nelsonbostock.com / richard.george@nelsonbostock.com

About Colibria
Colibria is a world leader in Mobile Instant Messaging (MIM) and Presence solutions, operating from its global headquarters in Norway, and locations in the UK, Belgium, Spain, Singapore and the Philippines. The company was established in 2000, and today employs more than 80 staff around the world.

Colibria has a global customer base of mobile operators in Europe, Asia and Latin America, as well as working extensively with leading systems integrators. Strategic partners include LogicaCMG, Alcatel-Lucent, Nokia, and Motorola.

Colibria’s IM and Presence platform provides an end-to-end solution, from advanced server technology to innovative handset clients. The addition of Colibria’s unique Interconnect and Inter-work system delivers the vital infrastructure for advanced presence, messaging and multimedia services. Focused on ensuring interoperability between devices, platforms and operators, Colibria’s IMPS and SIP/IMS test server facilities are now the de facto standard for product and service trials, with users in over 30 countries around the world, including service providers, handset suppliers, software developers and operators.

Colibria is an active participant in the international standards arena, contributing extensively to the OMA IMPS forum as a member of the Open Mobile Alliance, as well as the GSM Association. It is also a founding member of the COMET alliance, a global consortium committed to the delivery of end-to-end converged messaging solutions.

About Northzone Ventures
Northzone Ventures, with offices in Stockholm, Oslo and Copenhagen, has backed early stage Nordic technology companies since its inception in 1996.

Northzone has raised €345 million in five funds, and has invested in more than 50 companies. Northzone V was raised in April 2006 with €175 million from top-tier Nordic and European institutional investors. Present and past portfolio companies include Funcom (OSE: FUN), Lastminute (acquired by Travelocity, Inc.), Mamut (OSE: Mamut), Nextgentel (acquired by TeliaSonera), Pricerunner (acquired by Valueclick, Inc.), Stepstone (OSE: STP) and Trolltech (OSE: TROLL). For more information on Northzone Ventures, please visit www.northzone.com.

About Verdane Capital
Verdane Capital (formerly Four Seasons Venture) is an investment company established in 1985 with headquarters in Oslo and an office in Stockholm, Sweden. Verdane Capital’s core investment focus is the acquisition of unlisted portfolios in the Nordic region and direct investments in technology and growth-oriented companies.

Funds managed by Verdane Capital Advisors currently represent 450m Euros in committed capital, and the funds are involved in approximately 100 companies in the Nordic region. Verdane Capital has been engaged with Colibria since 2001.

Past and present portfolio companies include mobile telecom companies such as Opera (OSE), Ikiwo and Mobilaris (both Swedish), the oil and gas companies Odim (OSE), Reslab, Reslink (acquired by Schlumberger in 2006), software companies like Agresso, Computas and Spring, and the RF-chip supplier Chipcon (acquired by Texas Instrument at the end of 2005). For more information on Verdane Capital, please see www.verdanecapital.com.

About Ferd Venture
Ferd Venture is part of the Ferd Group, which is one of Norway's leading investment companies. Ferd Venture primarily invests in Nordic ICT companies that are seeking capital for further commercialisation and growth, and which have the potential to sustain long-term competitive advantage. Ferd Venture has a team of 6 investment professionals based out of offices in Oslo, and has significant funds available for new investments.

The current portfolio consists of 11 companies: Affitech, Bone Support, Cinevation, Colibria, HELP Forsikring, Marical, Mohive, Nacre, Napatech, Ship Equip and Vensafe.

For further information, please visit www.ferdventure.no.