mFoundry Completes $15 Million in Series C Financing Led by Motorola, with Inves

“As consumer demand continues to grow for anywhere, anytime information access, mFoundry is playing a key role in creating and shaping the future of personalized mobile financial services,” said Code Cubitt, investment manager, Motorola Ventures. “mFoundry’s Spotlight Financial Platform allows for a more feasible and affordable mobile financial services experience for wireless operators, financial institutions and consumers. Motorola is excited by the synergies we see between our two companies both domestically and internationally.”

Alan Chow, NCR chief technology officer, said, “The convergence of point-of-service, the Internet and mobility, provides an exciting opportunity for NCR and partners like mFoundry. Our consumer research clearly shows a growing interest in mobility as a conduit for connecting, interacting and transacting with businesses. We are pleased to work with mFoundry during this time of rapid change in the mobile services market.”

mFoundry has become one of the foremost innovators in mobile financial services. The company’s Spotlight Financial Platform offers a comprehensive and equitable solution for financial institutions, wireless operators and other mobile banking and payment providers. In addition, Spotlight offers cross-platform, cross-carrier support running on Java, BREW, Windows Mobile, and BlackBerry (RIM) devices across all major U.S. wireless carriers. The Spotlight mBanking & mPayment products now run on well over 150 devices in the U.S. alone.

“mFoundry’s role in the mobile financial services ecosystem is to enable all players by providing a flexible and superior mobile platform,” said Drew Sievers, mFoundry’s CEO and Co-Founder. “Our latest round of funding from industry-leading companies reflects the diversity of our relationships and the roadmap of the company. We will continue to develop solutions that run across all major U.S. carriers, offering the broadest device support of any competitor. And we will continue to forge partnerships that enable mass adoption of mobile banking, payments and commerce.”

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About Motorola

Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of seamless mobility, the people of Motorola are committed to helping you connect simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $42.8 billion in 2006. For more information about our company, our people and our innovations, please .

About NCR Corporation

NCR Corporation (NYSE: - ) is a global technology company leading the way businesses interact with customers. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, gaming and public sector organizations in more than 100 countries. NCR () is headquartered in Dayton, Ohio.

About mFoundry

mFoundry’s Spotlight Financial Platform offers a comprehensive, secure solution for the entire mobile financial ecosystem. Spotlight incorporates mFoundry’s leading mobile banking and payments product into the platform and has been adopted by some of the largest banks and operators in the United States. Additionally, the Spotlight Platform offers a fast, easy and affordable solution for banks of all sizes. mFoundry provides the only equitable mobile banking and payments solution for operators and financial institutions.

mFoundry is based in Sausalito, California and?has been recognized as one of “10 Emerging Wireless Players to Watch” by IDC and one of "Ten Tech Companies to Watch" by Bank Technology News. For more information on mFoundry, please visit?.