T-Venture TOP NEWS

Press Release
Bonn, June 10, 2008

T-Mobile Venture Fund markes strategic investment in deCarta

Bonn, June 10, 2008

T-Mobile Venture Fund today announced a strategic investment of 6-million dollars (USD) in deCarta, the leading supplier of software and services for the Location-Based Services (LBS) industry. T-Mobile Venture Fund joins deCarta’s existing premiere investors Cardinal Venture Capital, Mobius Venture Capital and Norwest Venture Partners.

Location-based services are experiencing rapid adoption as consumers are using new applications that take advantage of location-enabled handsets. Location and mapping services have become a central ingredient in most mobile Internet platforms. deCarta’s geospatial software platform gives mobile LBS application developers and mobile operators the ability to quickly build and deploy applications that integrate a wide variety of map and data sources to provide complex local search, navigation, mapping, social networking and spatial search functions.

deCarta’s technology is ideal for the full continuum of mobile LBS solutions including off-board, server-based applications offered by mobile operators through to “connected navigation” – the ability to integrate personal navigation devices and smartphones through real-time two-way mobile connectivity to a variety of dynamic data sources and local search services.

In North America, location-based services have grown to account for 58 percent of the total downloaded application revenue according to recent market data from Nielsen Mobile, a division of The Nielsen Company. In this rapidly expanding market, deCarta has built a leading position with 90 percent of mobile LBS revenue at these carriers running on the company’s technology. deCarta’s customers have location based applications running on AT&T Wireless, Sprint, Verizon, ALLTEL, Bell Mobility, Telus, Boost and over eight mobile operators in Europe.

“We’re very proud that T-Mobile Venture Fund recognizes the strength, position and value that deCarta has as a vital, central player of the LBS market,” said J. Kim Fennell, President and CEO of deCarta. “Their strategic investment is a firm endorsement of the pivotal role deCarta plays in accelerating the delivery of location-oriented mobile applications and services to consumers around the world through our extensive network of LBS developers and partners”.

Nils von Dellingshausen, Senior Investment Manager, T-Mobile Venture Fund, added, “We believe that deCarta’s enabling core technology and their unique central position in the mobile LBS value chain of application developers, content suppliers and service providers allows them to successfully leverage LBS market growth. deCarta creates a strong addition to our overall investment strategy and portfolio of companies.”
deCarta announced the investment by T-Mobile Venture Fund as part of a larger financing round.

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