Visage Mobile Closes $10 Million E Round Financing to Fund Business Expansion

New Round Led by UMC Capital

    SAN FRANCISCO, June 19 /PRNewswire/ -- Visage Mobile today announced it
 has closed $10 million in series E funding led by UMC Capital. All of its
 previous investors participated in the E round.
     Visage Mobile has been serving wireless companies since 2001 and
 includes Disney Mobile and Embarq Wireless among its customers. Visage
 Mobile provides robust subscriber management systems as an on-demand
 service to wireless services providers.
     "This strategic upround funding reflects the successful year over year
 growth of our business," said Matt Johnson, CEO of Visage Mobile. "This new
 financing will augment our efforts to strategically expand into new
 markets, deliver new services, and continue to deliver strong year over
 year business results."
     "UMC Capital recognizes the exciting work Visage Mobile is doing in the
 area of on-demand subscriber management solutions," said DC Cheng,
 President of UMC Capital. "Visage Mobile is the pioneering provider of
 wireless managed services, and we look forward to being part of the team as
 they continue to deliver revolutionary new services to the wireless
 industry."
     Visage Mobile is backed by leading venture capital firms. In addition
 to UMC Capital, continuing investors are Nomura, Worldview Technology
 Partners, Mobius Venture Capital, Advanced Technology Partners, Vesbridge
 Partners, Emergence Capital Partners, Palisades Ventures and Selby Ventures
 Partners.
     About Visage Mobile
     Visage Mobile is a global wireless services company offering
 sophisticated software solutions and unparalleled industry knowledge for
 carriers and private label wireless operators. Its flagship Visage
 Platform, service bureau technology, operational expertise and innovative
 wireless applications have made Visage Mobile the trusted partner for
 companies such as Disney Mobile and Embarq. The company, founded in 2001,
 has been recognized as a Red Herring 100 winner and an IDC Ten Emerging
 Wireless Players to Watch. Additional information is available at
 http://www.visagemobile.com.
     About UMC Capital
     UMC Capital was created in February of 2001 and is the direct
 investment arm of world leading semiconductor foundry UMC. By leveraging
 the resources of UMC and its affiliates, UMC Capital is well positioned to
 provide significant strategic values to startup companies. The mission
 objectives of UMC Capital are to identify innovative technologies, form
 mutually productive relationships with entrepreneurs, explore and expand
 emerging markets and applications.
 
 

SOURCE Visage Mobile