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| [August 16, 2007] |
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mFoundry Named as One of Bank Technology News' Ten Tech Companies to Watch
SAN FRANCISCO --(Business Wire)-- mFoundry the leading provider of mobile financial services, announced it has been selected by Bank Technology News, the leading source for financial services technology coverage, as one of their annual "Ten Tech Companies to Watch." Featured in the August 2007 issue of the publication, the entire list can be viewed at www.banktechnews.com.
mFoundry's Spotlight Financial Platform was recognized for its ability to operate securely in an open ecosystem while supporting all participants in the mobile financial services industry, including financial institutions, wireless operators and payment enablers. Spotlight has been selected by some of the nation's top banks, including Citibank North America. mFoundry has also formalized a number of important industry partnerships, including an agreement with First Data, contactless/NFC payments leader VIVOtech, as well as Sprint and Verizon.
"Over the past twenty years, Bank Technology News and its editorial directors have analyzed the trends, solutions and organizations that leverage technology to propel the financial industry forward," Drew Sievers, co-founder and CEO of mFoundry said. "Our Spotlight Financial Platform provides unmatched flexibility, usability and security for banks, wireless companies and ultimately our clients' customers--consumers, who enjoy the convenience of one-click access to their financial institutions' services. We are honored to be recognized by such a respected publication in the industry as on one of the Ten Tech Companies to Watch. This recognition is a testament to the sophistication of our technology and the outstanding team of seasoned professionals we've assembled to further position mFoundry at the forefront of mobile financial services."
As stated by Bank Technology News, "The challenges that banks face are legion. Meeting them takes intelligence, creativity, innovation. Banks that look for intelligent and creative tools - smart solutions across a variety of disciplines - from the most forward-thinking technology companies are reaping the rewards."
About mFoundry
mFoundry is an award-winning mobile application platform provider. mFoundry's Spotlight Financial Platform offers a comprehensive, secure solution for the entire mobile-financial ecosystem, including Financial Institutions, Mobile Operators and their customers. Spotlight incorporates mFoundry's leading mobile banking and payments product into the platform and has been adopted by some of the largest banks and wireless operators in the United States.
mFoundry is based in Sausalito, California, just north of San Francisco and has been recognized as one of "10 Emerging Wireless Players to Watch" by IDC. For more information on mFoundry, please visit www.mfoundry.com.
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