WRQ Creates NetMotion Wireless Inc.

SeaPoint Ventures, in Conjunction With Northwest Venture Associates, Leads

Investment Syndicate With $8 Million First Round Funding



Apr 03, 2001, 01:00 ET from WRQ Inc.

    SEATTLE, April 3 /PRNewswire/ -- WRQ Inc. announced today that it has spun
 off its Mobile Access Business Unit into an independent company, NetMotion
 Wireless Inc., and secured $8 million in a first round of institutional
 financing for the new company.  SeaPoint Ventures, in conjunction with
 Northwest Venture Associates, led the financing, with significant investments
 from Digital Partners, Fluke Venture Partners, SilverHaze Partners and eFund.
 WRQ will maintain a minority investment in NetMotion Wireless.  Former WRQ
 president, Craig McKibben, will head the wireless spin-off as president and
 CEO.
     "Carving out NetMotion is an important step in WRQ's strategy to focus its
 resources on the vital, billion-dollar enterprise integration market," said
 Doug Walker, WRQ chairman and CEO.  "We're proud of the innovative NetMotion
 technology, which was created internally by a talented team.  We saw that the
 NetMotion technology had enormous potential, and by creating a separate
 company under the experienced leadership of Craig McKibben, 100 percent of its
 resources could be directed to maximizing this opportunity."
     "The wireless area is an exciting, dynamic and rapidly growing space,"
 said Craig McKibben, NetMotion Wireless president and CEO.  "I love running a
 lean, focused team.  I couldn't be more excited, both about the new company
 and the opportunities for our NetMotion(TM) Mobility Solution.  It provides an
 incredible opportunity to make enterprises more productive by giving them
 persistent, secure and manageable wireless connectivity."
     "Today's economic conditions mean that only the unique, innovative and
 best technologies are being funded," said Robert S. Hart, general partner,
 SeaPoint Ventures.  "And the NetMotion wireless technology is one of the most
 compelling solutions for continuous connectivity within a wireless enterprise
 that we have seen."
     "NetMotion is at the forefront of the race to create truly wireless
 enterprises with the only roamable, secure and persistent solution on the
 market today," said Chris Brookfield, Northwest Venture Associates general
 partner.
     The enterprise wireless LAN market is expected to grow from $771 million
 in 1999 to $2.2 billion in 2004, a 25 percent compound annual growth rate,
 according to Cahners In-Stat Group.  The research firm believes that shipments
 of wireless access devices will sustain double and triple digit percentage
 growth through 2004.  Other analyst firms project that 50 percent of all
 enterprises will have wireless LANs by 2002 and that 60 percent of employees
 will be mobilized by 2005.
 
     NetMotion Wireless Management Team
     Craig McKibben co-founded WRQ in 1981 and has over 26 years in the
 computer industry.  As president of WRQ, he had primary responsibility for
 spearheading the company's entry into new markets.  In 1985 he directed
 development of the product that brought WRQ into the DEC market.  In 1990 he
 led WRQ into the IBM market by building and directing the product team.  And
 in 1995, he led the acquisition of Express Systems and launched WRQ into the
 software management market.  Prior to joining WRQ, McKibben was a software
 engineer at Control Data Corp. and a software consultant in the Seattle area.
 He has a bachelor's degree in mathematics from Oregon State University and a
 master's degree in mathematics from the University of Washington.
     Besides McKibben, others in NetMotion Wireless management include Dick
 Dorton, vice president of sales, Brian Hargus, vice president of engineering,
 Shelly Julien, vice president of marketing, Joe Savarese, chief technology
 officer and Emil Sturniolo, chief software scientist.  NetMotion Wireless has
 32 employees.
     The NetMotion Wireless board of directors is still under development but
 will include Hart from SeaPoint Ventures, Brookfield from Northwest Venture
 Associates and other selected members of the funding syndicate along with
 Walker, WRQ CEO, McKibben, NetMotion Wireless CEO, and other industry
 individuals to be named later.
     Hart, formerly the CEO of Tegic Communications, is also on the board of
 Ontain Corp., Phoenix Holdings and NER Corp.  Brookfield is a board member of
 Action Engine Corp., a wireless applications developer, and leads Northwest
 Ventures Associates' investment in Wireless Services Corp., which has
 developed a wireless application delivery platform.
 
     NetMotion Mobility Solution
     Within enterprises, the NetMotion Mobility Solution is ideal for both end
 users and IT managers.  For end users, it provides persistent application
 sessions, allowing users to suspend and resume, roam between subnets, roam
 from LAN to WAN, or drop connections and then resume their work right where
 they left off.  The NetMotion client runs transparently on Microsoft Windows
 95/98, Windows CE and Pocket PC mobile devices.
     For IT managers, NetMotion Mobility Solution provides the only mobile,
 roamable virtual private network on the market today.  It provides strong
 encryption, user authentication and compression technologies for highly
 secure, wireless LAN/WAN environments.  The NetMotion server extends the
 existing Windows NT user and group management model to wireless devices,
 providing the tools network managers need to deploy, monitor and troubleshoot
 the large numbers of wireless users found within enterprises.
 
     About the Investors
     Based in Bellevue, Wash., SeaPoint Ventures is a venture capital firm
 specializing in telecommunications and Internet infrastructure start-ups that
 have compelling solutions to painful corporate problems, customers willing to
 pay for these solutions and smart, driven management teams.
     Formed in 1986, Northwest Venture Associates, Seattle and Spokane, Wash.,
 has $190 million under management and is the largest venture capital fund
 exclusively invested in Pacific Northwest-based companies.  The firm invests
 in both start-up and mature businesses across diverse industries, such as
 enterprise software, health-care, specialty retail, Internet and wireless.
     Digital Partners, Seattle, Wash., is a venture capital firm helping
 talented entrepreneurs build great technology companies with a particular
 emphasis on Internet infrastructure, wireless connectivity and data delivery
 and enterprise software.
     Fluke Venture Partners, Bellevue, Wash., funds high growth venture
 opportunities in the Internet, software, communications, specialty retail and
 health-care sectors.
 
     About NetMotion Wireless Inc.
     NetMotion Wireless Inc. creates a wireless infrastructure solution that
 overcomes the barriers to wireless networking, making it possible for the
 first time for wireless networks to become ubiquitous.  The NetMotion Mobility
 Solution makes wireless networks work the way users expect them to -- just
 like their wired networks -- without modification to applications or the
 network infrastructure.  The company was formerly a division of WRQ Inc.  For
 more information about NetMotion Wireless or its products, visit
 www.netmotionwireless.com, call 206-691-5500 or write 1100 Dexter Ave. North,
 Seattle, WA 98109.
 
     About WRQ
     WRQ Inc. is committed to solving the most difficult information access and
 integration problems with innovative technology, transforming how business is
 conducted in the next economy.  WRQ, a privately held company, has over
 8 million users worldwide, including more than half of all Fortune 500
 companies.  The company is consistently recognized for its award-winning
 products and its stature within the industry as one of the top software
 companies in the United States and one of Fortune Magazine's "100 Best
 Companies to Work For."  Now celebrating its 20th anniversary, Seattle-based
 WRQ has offices throughout the world and offers products and services in more
 than 50 countries.  For more information, visit the company's Web site at
 www.wrq.com.
     NOTE:  WRQ and WRQ products are trademarks or registered trademarks of WRQ
 Inc.  All other trademarks, trade names or company names referenced herein are
 used for identification only and are the property of their respective owners.
     NetMotion Wireless and NetMotion Mobility Solution are trademarks of
 NetMotion Wireless Inc.
 
 

SOURCE WRQ Inc.
    SEATTLE, April 3 /PRNewswire/ -- WRQ Inc. announced today that it has spun
 off its Mobile Access Business Unit into an independent company, NetMotion
 Wireless Inc., and secured $8 million in a first round of institutional
 financing for the new company.  SeaPoint Ventures, in conjunction with
 Northwest Venture Associates, led the financing, with significant investments
 from Digital Partners, Fluke Venture Partners, SilverHaze Partners and eFund.
 WRQ will maintain a minority investment in NetMotion Wireless.  Former WRQ
 president, Craig McKibben, will head the wireless spin-off as president and
 CEO.
     "Carving out NetMotion is an important step in WRQ's strategy to focus its
 resources on the vital, billion-dollar enterprise integration market," said
 Doug Walker, WRQ chairman and CEO.  "We're proud of the innovative NetMotion
 technology, which was created internally by a talented team.  We saw that the
 NetMotion technology had enormous potential, and by creating a separate
 company under the experienced leadership of Craig McKibben, 100 percent of its
 resources could be directed to maximizing this opportunity."
     "The wireless area is an exciting, dynamic and rapidly growing space,"
 said Craig McKibben, NetMotion Wireless president and CEO.  "I love running a
 lean, focused team.  I couldn't be more excited, both about the new company
 and the opportunities for our NetMotion(TM) Mobility Solution.  It provides an
 incredible opportunity to make enterprises more productive by giving them
 persistent, secure and manageable wireless connectivity."
     "Today's economic conditions mean that only the unique, innovative and
 best technologies are being funded," said Robert S. Hart, general partner,
 SeaPoint Ventures.  "And the NetMotion wireless technology is one of the most
 compelling solutions for continuous connectivity within a wireless enterprise
 that we have seen."
     "NetMotion is at the forefront of the race to create truly wireless
 enterprises with the only roamable, secure and persistent solution on the
 market today," said Chris Brookfield, Northwest Venture Associates general
 partner.
     The enterprise wireless LAN market is expected to grow from $771 million
 in 1999 to $2.2 billion in 2004, a 25 percent compound annual growth rate,
 according to Cahners In-Stat Group.  The research firm believes that shipments
 of wireless access devices will sustain double and triple digit percentage
 growth through 2004.  Other analyst firms project that 50 percent of all
 enterprises will have wireless LANs by 2002 and that 60 percent of employees
 will be mobilized by 2005.
 
     NetMotion Wireless Management Team
     Craig McKibben co-founded WRQ in 1981 and has over 26 years in the
 computer industry.  As president of WRQ, he had primary responsibility for
 spearheading the company's entry into new markets.  In 1985 he directed
 development of the product that brought WRQ into the DEC market.  In 1990 he
 led WRQ into the IBM market by building and directing the product team.  And
 in 1995, he led the acquisition of Express Systems and launched WRQ into the
 software management market.  Prior to joining WRQ, McKibben was a software
 engineer at Control Data Corp. and a software consultant in the Seattle area.
 He has a bachelor's degree in mathematics from Oregon State University and a
 master's degree in mathematics from the University of Washington.
     Besides McKibben, others in NetMotion Wireless management include Dick
 Dorton, vice president of sales, Brian Hargus, vice president of engineering,
 Shelly Julien, vice president of marketing, Joe Savarese, chief technology
 officer and Emil Sturniolo, chief software scientist.  NetMotion Wireless has
 32 employees.
     The NetMotion Wireless board of directors is still under development but
 will include Hart from SeaPoint Ventures, Brookfield from Northwest Venture
 Associates and other selected members of the funding syndicate along with
 Walker, WRQ CEO, McKibben, NetMotion Wireless CEO, and other industry
 individuals to be named later.
     Hart, formerly the CEO of Tegic Communications, is also on the board of
 Ontain Corp., Phoenix Holdings and NER Corp.  Brookfield is a board member of
 Action Engine Corp., a wireless applications developer, and leads Northwest
 Ventures Associates' investment in Wireless Services Corp., which has
 developed a wireless application delivery platform.
 
     NetMotion Mobility Solution
     Within enterprises, the NetMotion Mobility Solution is ideal for both end
 users and IT managers.  For end users, it provides persistent application
 sessions, allowing users to suspend and resume, roam between subnets, roam
 from LAN to WAN, or drop connections and then resume their work right where
 they left off.  The NetMotion client runs transparently on Microsoft Windows
 95/98, Windows CE and Pocket PC mobile devices.
     For IT managers, NetMotion Mobility Solution provides the only mobile,
 roamable virtual private network on the market today.  It provides strong
 encryption, user authentication and compression technologies for highly
 secure, wireless LAN/WAN environments.  The NetMotion server extends the
 existing Windows NT user and group management model to wireless devices,
 providing the tools network managers need to deploy, monitor and troubleshoot
 the large numbers of wireless users found within enterprises.
 
     About the Investors
     Based in Bellevue, Wash., SeaPoint Ventures is a venture capital firm
 specializing in telecommunications and Internet infrastructure start-ups that
 have compelling solutions to painful corporate problems, customers willing to
 pay for these solutions and smart, driven management teams.
     Formed in 1986, Northwest Venture Associates, Seattle and Spokane, Wash.,
 has $190 million under management and is the largest venture capital fund
 exclusively invested in Pacific Northwest-based companies.  The firm invests
 in both start-up and mature businesses across diverse industries, such as
 enterprise software, health-care, specialty retail, Internet and wireless.
     Digital Partners, Seattle, Wash., is a venture capital firm helping
 talented entrepreneurs build great technology companies with a particular
 emphasis on Internet infrastructure, wireless connectivity and data delivery
 and enterprise software.
     Fluke Venture Partners, Bellevue, Wash., funds high growth venture
 opportunities in the Internet, software, communications, specialty retail and
 health-care sectors.
 
     About NetMotion Wireless Inc.
     NetMotion Wireless Inc. creates a wireless infrastructure solution that
 overcomes the barriers to wireless networking, making it possible for the
 first time for wireless networks to become ubiquitous.  The NetMotion Mobility
 Solution makes wireless networks work the way users expect them to -- just
 like their wired networks -- without modification to applications or the
 network infrastructure.  The company was formerly a division of WRQ Inc.  For
 more information about NetMotion Wireless or its products, visit
 www.netmotionwireless.com, call 206-691-5500 or write 1100 Dexter Ave. North,
 Seattle, WA 98109.
 
     About WRQ
     WRQ Inc. is committed to solving the most difficult information access and
 integration problems with innovative technology, transforming how business is
 conducted in the next economy.  WRQ, a privately held company, has over
 8 million users worldwide, including more than half of all Fortune 500
 companies.  The company is consistently recognized for its award-winning
 products and its stature within the industry as one of the top software
 companies in the United States and one of Fortune Magazine's "100 Best
 Companies to Work For."  Now celebrating its 20th anniversary, Seattle-based
 WRQ has offices throughout the world and offers products and services in more
 than 50 countries.  For more information, visit the company's Web site at
 www.wrq.com.
     NOTE:  WRQ and WRQ products are trademarks or registered trademarks of WRQ
 Inc.  All other trademarks, trade names or company names referenced herein are
 used for identification only and are the property of their respective owners.
     NetMotion Wireless and NetMotion Mobility Solution are trademarks of
 NetMotion Wireless Inc.
 
 SOURCE  WRQ Inc.