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Colibria secures EUR 8.5 million funding for instant messaging and presence development


22. September 2005 -- Colibria AS, the leading international developer of mobile Instant Messaging and Presence Service (IMPS) technology platforms, announces the completion of a EUR 8.5 million investment funding round. Demonstrating the strong market confidence in Colibria's position in the telecommunications sector, the investment package includes substantial further investments from existing investors - Northzone Ventures and Four Seasons Venture - together with a major component from a new investor, Norwegian venture capital specialist Ferd Venture.

Torleif Ahlsand, Chairman of Colibria, and a partner of Northzone Ventures, commented:
'This announcement represents an important turning point for the company. It underlines the confidence being shown in Colibria's technology by network operators and handset manufacturers worldwide, while emphasising its position as the supplier of choice for instant messaging and presence-based solutions. The level of new investment will enable Colibria to accelerate a number of development programmes and grow its market share substantially.'

Bjørn Erik Reinseth, Investment Manager at Ferd Venture, also commented:
'Our decision to invest EUR 3.8 million in Colibria reflects the degree of market acceptance being shown in its technology, and in its IM and presence solutions. Colibria is well positioned with a strong potential and is ideally placed to capitalise on the broadest market opportunities available.'

Colibria's IMPS technology is deployed by mobile network operators and MVNO (Mobile Virtual Network Operators) worldwide, to deliver advanced revenue-generating instant messaging and presence services. The company works closely with operators, service providers and handset suppliers, to ensure interoperability between devices and platforms. Reflecting Colibria's market-leading position in this sector, the company's IMPS and SIP test server facilities are currently employed by some 80 mobile operators, service providers, applications developers and client vendors for product and service trials.

About Ferd Venture
Ferd Venture is part of Ferd AS, which is one of Norway's leading investment companies. Ferd Venture invests principally in technology-based companies that are seeking capital for further commercialisation and growth, and which have the potential to sustain long-term competitive market advantage. Ferd Venture focuses mainly on Nordic companies, and has significant capital reserves available for new investments.

About Colibria
Established in 2000, Colibria is a technology leader in the field of instant messaging and presence systems, with its IMPS and Communities solutions deployed by a variety of mobile operators across Europe, Asia and Latin America. Colibria's new generation core network mobile platforms are scalable and flexible solutions that provide the vital infrastructure for advanced presence, messaging, and multimedia services - fully supporting IMPS, as well as ensuring a seamless use of IMPS and SIP for IMS-enabled networks. The company operates from locations in Norway, the UK, the Philippines, and Belgium, and is a member of the Open Mobile Alliance, contributing extensively to the OMA IMPS forum. Colibria's investors include Northzone Ventures (www.northzone.com), Four Seasons Venture (www.fsv.no), and Ferd Venture (www.ferdventure.no).
xx


Publisher Contact Information:

Northzone Ventures
+47 2212 5018
ahlsand@northzone.com

Company profile of Northzone Ventures
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