Mobifusion Named Top 50 Startup at TiECon 2010

SAN JOSE, CA, May 10, 2011

Mobifusion, a leading mobile value-added services (VAS) provider and strategic partner for media companies, today announced that it has been chosen as a winner of the highly coveted TiE50 Award.

Mobifusion will be honored at TiEcon 2011 on May 13th & 14th, 2011, at the Santa Clara Convention Center in Santa Clara, CA. TiEcon is the world's largest conference for entrepreneurs featuring two action-packed days of rich dialogue, networking, and deal making with thousands of entrepreneurs, venture capitalists, industry executives, and thought leaders.

This year, the TiE50 program screened 1,619 high quality companies worldwide, through a multi-tier screening and judging process. "Mobifusion was clearly ranked amongst the best of the breed by a team of 60 highly accomplished and experienced judges. These experts included globally recognized venture capitalists, CEO's, academia, and serial entrepreneurs," said Vish Mishra, Chairman of TiEcon 2011 and President of TiE Silicon Valley. "Being recognized as a TiE50 winner is a true testament to their entrepreneurial spirit and world class caliber."

"It will be such a rewarding experience to be part of the TiEcon conference as we will be face-to-face with so many technology start-ups with interesting innovations to share," said Pavan Mandhani, Mobifusion President and CEO. "Being recognized for our achievements as a winner is an absolute honor as we've worked hard since inception to leverage our cutting edge technologies to bring award-winning trusted mobile content in a quick and easy manner to users worldwide."

"TiE50 companies this year again represented an extraordinary set of ideas, innovation, and business opportunities. Since its inception two years ago, 94% of TiE50 companies have been funded, attracting over $20 Billion in investments! 42 companies have already exited," said Ram K. Reddy, Chair TiE50 2011. "We plan to feature our finalists and winners through various channels and outreach programs during the year."

"TiEcon's platform and TiE's global entrepreneurial network enabled us to draw the most entrepreneurial startups with breakthrough technologies, savvy market strategies, and incredible teams with palpable passion. We built upon the phenomenal success of the program in the past two years," said Mateen Syed, Co Chair TiE50 2010.

ABOUT MOBIFUSION
Mobifusion leverages its patented, cross-platform VAS technologies to fuse traditional media with the tremendous telecom operator and device manufacturer opportunities in the dynamic mobile market. Headquartered in Silicon Valley, with offices in Miami, Boston, Kuala Lumpur, Delhi, and Hyderabad, Mobifusion reaches mobile consumers around the world.