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RECENT NEWS FLASH 2000-14 (May 2000)
(Updated on May 5,  2000)

ACQUISITIONS, MERGERS, AGREEMENTS

fusionOne Secures $50M in Funding Led by Chase Capital and Flatiron Partners

fusionOne has secured $50 million in a third round of  funding. Chase Capital Partners and Flatiron Partners led a long list of strategic investors including 3Com, Nokia Ventures, El Dorado Ventures, EMC Corp. and Hewlett-Packard Co., These funds will fuel the company’s rapid growth, and enhance its technology platform.

According to Chase Capital Partners, fusionOne’s unique architectural platform enables them to deliver unparalleled sync services, as well as a wide range of add-on personal content management services that will revolutionize the way people interact with their devices and their information.

The funds will aid in the development of fusionOne’s a next-generation Internet synchronization service that will  provide the ability to automatically synchronize information between PCs, handhelds, Web sites and mobile phones. fusionOne utilizes the Internet and wireless carrier services to automatically update devices with information changes, regardless of the device's physical location. The Company has recently expanded its service to include 1-Click Sync a service whereby subscribers can instantly integrate online content from the Internet into PCs, handhelds, Portal sites, and mobile phones.

For more information, go to http://www.fusionone.com/docs/public/public_press_23.html

Mobileinfo Advisory and Comment:

fusionOne's information synchronization strategy based on using the Internet as a hub is a good one. Critical success factors will be the variety of devices and server platforms that they will support. This will be attractive to small and medium size businesses. However, fusionOne must extend this to the Intranets as well because the majority of Fortune 500 companies around the world will continue to keep their mission-critical information behind the public Internet infrastructure. These organizations will use the Internet-based VPN services to connect to the mobile users but may be reluctant to move their corporate data to public storage of ISPs.  

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.

All trademarks used in this summary are the property of their respective owners.


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