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Action Engine Completes $10M Series D Funding
January 10, 2005;
Becomes Mobile Application Platform Company to Watch in 2005

Shattering the mobile usability barrier, Action Engine Corporation, the mobile application platform leader, today announced the completion of its $10 million Series D round of financing. The round was led by Baker Capital and brings the total funding raised to date to $45 million since its founding in 2000.

The fourth round funding will be committed to market-focused activities, making Action Engine the mobile application platform company to watch in 2005. The $10 million will finance sales, marketing, and channel development initiatives to aggressively launch the Action Engine Mobile Application Platform™ and the Brand-n-Go™ turnkey mobile applications pack into the wireless market.

The Action Engine Mobile Application Platform represents 80 man years, 28 patents pending, and $35 million worth of research and development in an open, browserless, client/server technology for intelligent mobile devices. Brand-n-Go lets wireless operators go to market in unprecedented timeframes with popular applications, such as Associated Press, eBay, Amazon, Fox Sports, and Microsoft MapPoint.

“Action Engine is the platform company that will drive the revolution in mobile applications,” said P. Kevin Kilroy, partner of New York-based Baker Capital, “The Action Engine Mobile Application Platform is the unique technology breakthrough that wireless operators and mobile device consumers have been waiting for.”

Added Scott G. Silk, president and CEO of Action Engine, “This funding round accelerates our launch of a world class, go-to-market campaign. For users, the Action Engine platform means responsive, intuitive, personalized mobile applications that encourage addictive, repeat use. As the applications become part of users’ daily lifestyle, wireless operators will see revenues from data services skyrocket.”

Additional information is available at www.actionengine.com.

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