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Tatara Systems

Market Momentum Leads to Additional Funding and Appointment of New Executives to Management Team

ACTON, MA – June 13, 2007 – Tatara Systems, a worldwide leader in mobile services convergence, today announced that it has secured $8 million in additional funding to fuel the company’s growth in the rapidly emerging femtocell market. This investment was led by Highland Capital Partners and North Bridge Venture Partners, two leading firms with extensive experience investing in communications equipment, network infrastructure, and software.

At the same time, the company announced new additions to its management team. E.Y. Snowden, who has served on the company’s board of directors since 2004, has been named Executive Chairman of the Board, and Stephen Collins has joined the company as Vice President of Marketing and Business Development. In addition, Ray DeZenzo, Tatara’s CFO and Vice President of Operations, has been named General Manager of Tatara’s mobile broadband business unit. Steve Nicolle, who has served as President and CEO since 2003, is stepping down to pursue other interests, but will continue with the company in an advisory role.

Femtocells are a disruptive new technology that will improve in-home mobile coverage, and enable operators to deliver new, enhanced IP services to the large installed base of existing mobile handsets. Tatara has staked out an early leadership position in this market, as the first vendor to announce an all-IP solution for femtocell convergence, introducing the industry’s first femtocell-focused fixed-mobile convergence application server. The Tatara Convergence Server enables femtocells to backhaul cellular traffic over a broadband connection using SIP signaling, with a key advantage of this approach being ready integration with the operator’s IP services infrastructure.

“Mobile operators are showing intense interest in femtocells, as they seek ways to expand network coverage and capacity”, said Ed Anderson, Managing General Partner at North Bridge Venture Partners. “Unlike other fixed-mobile convergence solutions, operators see a clear business model for femtocells, and are moving quickly to roll out new converged services that will increase revenue and reduce churn. North Bridge is pleased to be working with the team at Tatara, which is well-positioned in front of this exciting, new market.”

E.Y. Snowden is a leader in the wireless communications industry, having managed both carrier and vendor organizations, as well as serving on the Board and Executive Committee of CTIA – The Wireless Association for the past three years. E.Y. served as President and CEO of Boston Communications Group, Inc. (NASDAQ:BCGI) from 1998 to 2006, and as Chairman of its board from 2006 until March 2007. E.Y. led the transformation of BCGI from entrepreneurial innovator into a proven, carrier-grade provider of mission critical applications to some of the largest wireless operators in the world, including billing, content filtering, network and payment services. Prior to BCGI, E.Y. served as President and Chief Operating Officer of APC/Sprint Spectrum, where he oversaw the launch of the first PCS network in North America, and the first GSM network in the western hemisphere.

Stephen Collins has twenty-five years experience developing and bringing to market leading edge networking and telecom solutions, and has held senior management positions in fast growing companies such as Sonus Networks, and Bay Networks (acquired by Nortel). In 1998, he co-founded Spring Tide Networks, and as Vice President of Marketing and Business Development, was instrumental in managing the company through a successful $1.5 billion acquisition by Lucent Technologies.

“Stephen brings a wealth of early stage company experience to Tatara, and is well-versed in delivering new products into emerging markets”, stated E.Y. Snowden, Executive Chairman at Tatara. “I look forward to working closely with him as we enable our customers and partners to deploy a new generation of in-home, mobile converged services. At the same time, I would like to thank Steve Nicolle for his leadership of Tatara over the past four years, and for positioning the company for success in this exciting new market.”

About The Tatara Convergence Server

The Tatara Convergence Server is the industry’s first SIP-based, fixed-mobile convergence application server to focus on an all-IP approach to core network integration for femtocells. While there are several legacy architectural approaches for deploying femtocell-based solutions, the all-IP architecture utilizes standard communication protocols (i.e. SIP and VoIP) and interfaces directly with the IP-based core network. This allows mobile operators to immediately achieve the end-to-end cost and service advantages that only an all-IP approach can deliver, rather than being constrained by the historical limitations of traditional RAN-based solutions.

About Tatara Systems

Tatara Systems invents, develops, and deploys mobile convergence products for network operators. Tatara’s fixed-mobile convergence strategy is focused on femtocell convergence as a significant new opportunity for mobile operators. It takes advantage of current cellular handsets to provide improved in-home coverage, and lower cost access to data services, via economical femtocell access points. Tatara’s products also enable the industry’s broadest set of PC convergence solutions, including mobile broadband services over cellular data and WiFi networks. Tatara is proud to count some of the industry’s largest operators as customers of its award-winning Tatara Mobile Services Convergence Portfolio™ of products.

For more information, visit www.tatarasystems.com.

About Highland Capital Partners

Highland Capital Partners was founded with the mission of helping great people build great companies. Since its inception in 1988, the firm has taken a sector-focused approach to investing in exceptional information technology, communications and healthcare companies.

For more information, visit www.hcp.com.

About North Bridge Venture Partners

North Bridge Venture Partners is an active, early-stage venture capital fund based in the Boston, Massachusetts area. For North Bridge, success is a partnership with management that produces leading public companies in large emerging markets.

For more information, visit www.nbvp.com.

For Further Information Contact:

Kelly Friedland
Tatara Systems
+1 978-206-0831 (office)
Email: kfriedland@tatarasystems.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Tatara Systems in the following categories: Consumer Technology, Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.