Kirkland, WA – Monday May 3, 2010 – UIEvolution, Inc., a leader in web application integration and delivery software for mobile phones and connected consumer electronic devices, announced that it has secured financing from MMV Financial. UIEvolution's software products and services enable operators, device makers and media companies to engage today's consumers across numerous mobile devices and platforms.
“We are pleased to have the support and financial backing of MMV as we continue to expand our business globally. UIE will use this financing to bolster our sales and marketing efforts and to support growth in new opportunities,” said Chris Ruff, CEO, UIEvolution. “We are extremely pleased with MMV’s offering and their ability to close quickly. We look forward to our new relationship with MMV.”
“UIEvolution has a suite of client/server software and toolset products that solve the critical problem of delivering Web App experiences across feature phones, smart phones, mobile browsers, televisions, and connected devices in today’s complex wireless ecosystem.” said Debasish Sasmal, Vice President, MMV Financial. “With the mobile data traffic expected to increase significantly in the next few years and the emergence of new wireless app stores – Android Market, Nokia’s Ovi, Windows Mobile Marketplace, AT&T AppCenter, Verizon App Store, etc. – UIE’s solution provides an attractive one-stop solution for integrating and delivering web application services. The company has exhibited a strong growth in the recent past and is well positioned to extend its leadership in the content delivery market. We have high confidence in the Company leadership and are excited to be a part of their ongoing success.”
About UIEvolution, Inc.:
UIEvolution is a leader in mobile convergence technology enabling rich experiences across the widest variety of platforms in the world. For ten years, UIE has worked with industry leading brands to streamline design, development and delivery of rich applications to millions of users. The biggest brands around the world use UIEvolution technology, including Samsung, AT&T, ESPN, the Walt Disney Company, Microsoft, NTT Communications, FOX, MySpace, and many more. UIEvolution creates experiences that provide measurable results and delight customers worldwide. For more information, please visit www.uievolution.com
About MMV Financial:
MMV Financial is a specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, ROI Capital, and Wells Fargo Company. For more information please visit www.mmvf.com
For more information contact:
Jennifer Hodges
Director of Marketing
UIEvolution Inc.
Tel: (425) 301-0350
Debasish Sasmal
Vice President
MMV Financial Inc.
Tel: (416) 977-9718