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Issue Date: October 15, 2005, Posted On: 10/15/2005


Roamware raises $14m

SAN JOSE, Calif. — Roamware Inc., a roaming services provider for mobile communications, has raised $14 million in a third round of funding.

According to the company, the funds will be used to enhance the company's product line and strengthen global operations to support growing demand for the company's products.

The company's previous investors, Accretive Technology Partners, Doll Capital Management and Shelter Capital Partners, co-led the funding.

"Roamware has been instrumental in engineering and building the new ecosystem of roaming services being adopted by mobile operators worldwide," said Rob Theis general partner of Doll Capital Management.

"A key driver in the roaming business is the emergence of managed roaming services, enabling operators to maximize revenues by retaining roaming traffic within operator groups or alliances," said Mohan Gyani, Roamware chairman and chief executive officer. "With more than 40 installations of our traffic redirection application, we are tackling this trend head-on and will continue to foster new innovations that meet the growing demands of the global roaming and value-added services market."

Founded in 2001, Roamware is provides roaming services to more than 180 networks across 73 countries and more than 400 million mobile consumers.

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