Visage Mobile Secures $4.5 Million in Series B Funding with Qualcomm Ventures as a New Investor

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Visage Mobile and the Enterprise Mobility Management Market Continue to Grow and Attract Investment in 2010

Visage Mobile

With enterprise smartphone adoption growing rapidly year over year, businesses are recognizing the need for a corporate mobility policy and solutions that can manage their wireless spend effectively

Visage Mobile, a leading enterprise mobility management company, today announced that it has secured $4.5 million in Series B financing with a new investment from Qualcomm Ventures and participation from existing investors Worldview Technology Partners, ATA Ventures, Vesbridge Partners and Emergence Capital Partners. Funding will be used to further invest in product development, go-to-market strategies and services to enable businesses to take control of their mobility budget and inventory as well as set policies that govern employee usage of smartphones and mobile broadband.

"Visage Mobile has emerged as a leader in accelerating smartphone and mobile broadband adoption within the enterprise. The company’s flagship solution, MobilityCentral, offers firms greater visibility and control of their mobility products and services," said Nagraj Kashyap, vice president of Qualcomm Ventures. "Visage Mobile enables enterprises to offer their employees greater flexibility in using WWAN enabled devices, including smartphones and laptops by closely monitoring costs & reporting on key data usage metrics. We believe Visage Mobile is well positioned to change the way businesses look at their wireless management and help proliferate the number of mobile broadband devices.”

According to market research firms, there are currently 20 million corporate-liable smartphones in use in the United States, representing 13 percent penetration of the total U.S. workforce. By 2012 this penetration rate is expected to increase to 20 percent, led by IT’s adoption of mobility management tools to help manage cost and complexity.

"With enterprise smartphone adoption growing rapidly year over year, businesses are recognizing the need for a corporate mobility policy and solutions that can manage their wireless spend effectively," said Tim Weingarten, CEO of Visage Mobile. “Qualcomm’s investment and expertise can help us significantly advance our offerings and continue growing the company to meet the accelerating demand we're seeing."

Visage Mobile is a leading enterprise mobility management company that enables businesses to take control of their mobile budget and inventory and set policies that govern employee usage of smartphones and mobile broadband. Over 150 U.S.-based corporations have loaded their mobile billing and device data into the Visage Mobile cloud-based SaaS application, which provides usage data on over 50,000 U.S. employees spread across all geographies and industry verticals. This new round of investment will help expand innovation across the entire Visage Mobile product portfolio.

About Qualcomm, Inc.
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif., Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2009 FORTUNE 500® company. For more information, please visit http://www.qualcomm.com

About Visage Mobile
Visage Mobile enables companies to take control of their mobility budget and inventory. Its flagship product, MobilityCentral, is a web-based application capable of quickly analyzing data from thousands of employees across multiple carriers. Its customizable reports and actionable metrics are displayed in user-friendly graphs, giving companies unprecedented insight into their mobile activity. From group creation and budgeting to policy and inventory management, MobilityCentral provides critical information enterprises need to get the most out of their mobile technology. Visage Mobile (http://www.visagemobile.com) is based in San Francisco and was named one of Network World’s “Nine Wireless Companies to Watch (2008).”

Qualcomm is a registered trademark of Qualcomm Incorporated. All other trademarks are the property of their respective owners.

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Kelly Indrieri
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