MMV Financial Provides $2MM Follow-on Financing to UIEvolution

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Pre-eminent specialty finance firm serving venture-backed companies in North America, MMV Financial (MMV), announced today that it has provided a $2 million follow-on financing to UIEvolution.

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UIEvolution has continued to deliver outstanding technology leadership and UI/UX design to its growing client base of top global brands and service providers and we are delighted to lend our additional support.

MMV Financial (MMV), a pre-eminent specialty finance firm serving venture-backed companies in North America, announced today that it has provided a $2 million follow-on financing to UIEvolution. The leading producer of mobile convergence technology, UIEvolution consistently delivers rich application experiences for mobile and embedded digital devices. The additional capital provided by MMV will assist UIEvolution in innovating industry-leading software products and services that allow operators, device makers and media companies the ability to engage today's consumers across the ever-expanding mobile devices and platforms.

“We are extremely happy with our partnership with MMV Financial,” said Chris Ruff, CEO of UIEvolution. “We appreciate MMV’s flexibility in structuring a deal that suited our growth requirements and business needs. Also their ability to close quickly allowed me to focus on our business instead of a lengthy financing process.”

Since its inception in 2000, UIEvolution has provided software and world-class user experiences that leverage the latest capabilities of high-end Smartphones, Tablets ,TV’s and Car Infotainment devices. UIEvolution recently launched UIEMagnify™, a cloud-based software product that drives engagement and supercharges interaction of apps across all mobile and embedded devices by allowing apps to easily connect to various cloud services. The combination of UIE’s leading client technology, UIEngine™ with UIEMagnify creates a complete platform solution that accelerates its customer’s advancement into the growing connected apps marketplace.

“We are incredibly pleased to extend our relationship with UIEvolution,” said Debasish Sasmal, Vice President, MMV Financial. “UIEvolution has continued to deliver outstanding technology leadership and UI/UX design to its growing client base of top global brands and service providers and we are delighted to lend our additional support.”

About UIEvolution

UIEvolution delivers products and solutions that power connected app experiences on mobile phones, tablets, TV’s and autos. Its connected app platform is an integrated suite of products, UIEngine™ (clients & tools), UIEMagnify™ (cloud-based services) and UIEApps™ (app frameworks), that can deliver any consumer or enterprise app experience across multiple connected devices. Global companies, including AT&T, Disney, Mitsubishi, Samsung, and Toyota have relied on UIE’s connected app experience and innovative technology for over a decade. UIE is a privately held company headquartered in Kirkland, WA with additional operations in Tokyo Japan. For more information, please visit http://www.uievolution.com.

About MMV Financial

MMV Financial empowers growth for venture-backed technology and life sciences companies across North America through creative debt solutions. We provide quick and efficient access to additional capital with limited dilution. Our goal is to help companies achieve valuation inflection points, liquidity events and/or operational cash flow breakeven with flexible, cost-effective financing. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including Wells Fargo Company, HSBC Bank Canada, Caisse de dépôtet placement du Québec, CCP Equity Partners, Fonds de Solidarité des Travailleurs du Québec and ROI Capital. For more information, please visit http://www.mmvf.com.

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Debasish Sasmal
MMV Financial
(416) 977-9718
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Sheena Chandok
UIEvolution
415-913-8681
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