Roamware Selected as Top 50 Startup at 2011 TiE50 Awards

SAN JOSE, Calif., May 13, 2011 /PRNewswire/ -- Roamware Inc., a leading provider of roaming and mobile financial services (MFS) solutions, has been selected as a Top 50 startup in the 2011 TiE50 Awards. The company will be honored at the TiEcon 2011 to be held on May 13-14, 2011 at the Santa Clara Convention Center in Santa Clara, CA. TiEcon is the world's largest conference for entrepreneurs featuring two action-packed days of rich dialogue, networking, and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders. This year, the TiE50 program screened over 1600 high quality companies worldwide, through a multi-tier screening and judging process, and selected the top 50 winners.

"Roamware was clearly ranked amongst the best of the breed by a team of 60 highly accomplished and experienced judges. These experts included globally recognized venture capitalists, CEOs, academia, and serial entrepreneurs," said Mr. Vish Mishra, Chairman of TiEcon 2011 and President of TiE Silicon Valley. "Being recognized as a TiE50 winner is a true testament to Roamware's entrepreneurial spirit and world class caliber," Mr. Mishra added.

"TiE50 companies this year again represented an extraordinary set of ideas, innovation, and business opportunities. Since its inception two years ago, 94% of TiE50 companies have been funded, attracting over $20 Billion in investments! 42 companies have already exited," said Ram K. Reddy, Chair TiE50 2011. "We plan to feature our finalists and winners through various channels and outreach programs during the year," added Mr. Reddy.

Bobby Srinivasan, President & CEO of Roamware said, "Roamware is truly honored to be selected as one of the winners at the 2011 TiE50 Awards. We look forward to presenting at and networking with fellow entrepreneurs, top industry executives, venture capitalists, and thought leaders at the upcoming TiEcon 2011."

About TiE

TiE Silicon Valley, is the world's largest not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides a platform for mentoring, networking & education, to entrepreneurs with over 14,000 members in 56 chapters across 13 countries. www.tiecon.org

About Roamware Inc

Roamware, Inc. is the leading provider of roaming and mobile financial services solutions with a customer base of over 480 mobile operators across 154 countries.  The company is the global leader in mobile roaming solutions with an estimated 60 per cent market share of the voice and data roaming segments for GSM, 3G and CDMA technology platforms.  Roamware m-commerce and mobile banking solutions have been successfully deployed by major banks and global operators around the world, including: Vodafone, Permanent TSB and Bank of Ireland. Its solutions range from credit transfers, international remittance, person to person transactions to top-up and bill payment.  The company is headquartered in San Jose with operations in Brussels, Bangalore, Mumbai, New Delhi, Singapore, Dublin, Johannesburg, Amman and Hong Kong. http://www.roamware.com

SOURCE Roamware, Inc.