[September 26, 2005] Roamware Raises $14 Million to Fuel Global Expansion Tweet SAN JOSE, Calif. --(Business Wire)-- Sept. 26, 2005 -- Roamware Inc., the global leader in roaming solutions for mobile communications, today announced that it has raised $14 million in a Series C round of financing. The company's previous investors, Accretive Technology Partners, DCM - Doll Capital Management and Shelter Capital Partners, co-led the growth-oriented round. The funds will be used to enhance the company's product line and strengthen global operations to support growing demand for the company's mobile roaming products. "Roamware has been instrumental in engineering and building the new ecosystem of roaming services being adopted by mobile operators worldwide," said Rob Theis general partner of DCM. General Partner Bahram Nour-Omid of Shelter Capital Partners added, "We have great confidence in Roamware's international team and remain fully committed to bolstering Roamware's global leadership position." According to global market research from Informa Telecoms & Media's 2005 Global Roaming Report, wireless network operators plan to continue aggressively rolling out roaming solutions, building on an estimated $78 billion in roaming revenues from an estimated total roaming population of 207 million. "A key driver in the roaming business is the emergence of managed roaming services, enabling operators to maximize revenues by retaining roaming traffic within operator groups or alliances," said Mohan Gyani, Roamware Chairman and CEO. "With more than 40 installations of our Traffic Redirection(TM) application, we are tackling this trend head-on and will continue to foster new innovations that meet the growing demands of the global roaming and value-added services market." About Roamware Founded in 2001, Roamware is the leading and fastest-growing global roaming solutions provider, servicing more than 180 networks across 73 countries and more than 400 million mobile consumers. For more information please visit: www.roamware.com. About DCM-Doll Capital Management DCM is a top-performing venture capital firm supporting entrepreneurs building early-stage technology companies. DCM partners manage over US $1 billion and have funded leading technology companies including 2Wire, 51job (Nasdaq:JOBS), About.com (Primedia), All About (JASDAQ:2454), @Motion (Openwave), Foundry Networks (Nasdaq:FDRY), HireRight, Internap (AMEX:IIP), IPivot (Intel), JCI (Nasdaq Japan - Hercules:9424), Kabu.com (TSE:8703), nQuire (Siebel), PGP Corporation, Recourse Technologies (Symantec), Sigmatel (Nasdaq:SGTL), SMIC (NYSE:SMI), and UUNet (MCI). DCM offers hands-on operational guidance and access to an extensive network of resources, including close relationships with many of the Pacific Rim's leading companies and investors. For more information, please visit DCM's website at www.dcmvc.com About Shelter Capital Partners Los Angeles-based Shelter Capital Partners (www.sheltercap.com) is a leading technology investment firm that invests in businesses at all stages of development, with a focus on high value-add investing in companies that have the potential to become industry leaders. Areas of investment focus include enterprise application software, wireless and other communication technologies, and semiconductors. [ Back To TMCnet.com's Homepage ]