FierceWireless Names mFoundry as One of Its ''Fierce 15'' Wireless Companies of 2008

Pioneer in Mobile Payments and Banking Selected as a Leading Wireless Innovator

SAUSALITO, Calif.- mFoundry, the award-winning mobile financial platform provider, announced today it has been named to the annual FierceWireless "Fierce 15" list of the top wireless companies of the year. FierceWireless editors evaluated hundreds of organizations, and selected mFoundry as a "fierce" market leader. mFoundry's mobile financial platform has been widely recognized and adopted by the financial services industry to enable mobile banking, payments and mobile wallets.

FierceWireless, an internationally recognized daily email newsletter reaching more than 72,000 senior wireless industry executives, provides executives in over 100 countries with a quick, authoritative briefing on the day's top wireless stories, including new trends and technologies.

"mFoundry is advancing mobile financial services with their flexible platform and strategic partnerships. mFoundry's product is becoming a leading platform for mobile banking; their partnerships with PayPal, NCR and others set the stage to take on peer-to-peer, NFC and mobile wallets," said Sue Marek, Editor-in-Chief of FierceWireless.

"FierceWireless is the go-to news source for the wireless industry and we are honored to be included in the Fierce 15," said Drew Sievers, CEO and founder of mFoundry. "The wireless community depends on FierceWireless to provide the most up-to-date news along with analysis of major industry trends. Our platform has become the leading mobility platform for financial services and we are proud to be recognized by FierceWireless for our role in the evolution of mobile banking to mobile payments and mobile wallet solutions."

The mFoundry platform has become the leading mobile banking and payments platform for financial services enabling applications from Citi Mobile to PayPal's new mobile application. The mFoundry platform was adopted by Fidelity National Information Services, the largest bank technology provider in the U.S., PSCU Financial Services, the nation's largest credit union services organization, as well as ACI Worldwide to deliver mobile banking services. mFoundry also has partnerships with First Data, NCR, Affinity Mobile and other leaders in financial services and payments.

The FierceWireless "Fierce 15" celebrates the spirit of being "fierce" - championing innovation and creativity, even in the face of intense competition. The complete list of winning companies is available today in a special issue of FierceWireless and on the FierceWireless Web site at http://www.fiercewireless.com.