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Acquisition Strengthens Qpass’ Position as the Market Leader in the
Fast-Growing, Worldwide Mobile Commerce Industry


Seattle, WA and London, UK – 11 November, 2004 – Qpass, the proven and preferred provider of mobile commerce software, today announced that it has acquired Altamedius, a leading provider of multi-channel payment technology, based in Dublin, Ireland.

The acquisition demonstrates Qpass’ further commitment to the European market and also contributes world-class payments technology and stored value systems to strengthen and extend the capabilities of Qpass products for global operators.

Additionally, Altamedius customers will now have access to the advanced functionality of Qpass Prosperity Series software, which they can use to manage their entire mobile commerce businesses – from managing content partnerships, value-added services and payments to creating service bundles and supporting customer care activities.

“Altamedius is recognised in the industry as having a ‘best of breed’ financial-grade payments technology,” said Qpass CEO Chase Franklin. “We are pleased to have the opportunity to offer mobile operators around the world a mobile commerce solution of ever-increasing strength to meet the needs for expanded service offerings in the years to come.”

Altamedius was ranked fourth in the Deloitte & Touche Technology Fast 50 programme for the second year running in 2003, recognising it as one of Ireland’s fastest growing companies. It was also awarded “Back Office Application of the Year” and “Best Technology for Retail Payment Processing” by The Banker in the UK in 2003.

Prosperity Series provides leading mobile operators with a highly flexible solution to optimise revenue from value-added services and applications. The software is the fundamental driver of premium data and service delivery programs, enabling product offerings such as ring tones, games, premium messaging, Wi-Fi, enterprise applications and much more.

Qpass customers achieve market-leading results by being able to quickly and easily integrate tens of thousands of premium data services and applications into their billing and CRM systems. Over the past 12 months alone, operators have achieved sales increases of more than 680% with Qpass software, driving premium data services business worth hundreds of millions of dollars per year. Prosperity Series software puts operators in control of their mobile commerce business making it possible to offer innovative value-added services across any type or generation of network.

About Qpass
Qpass, headquartered in the US and with offices in Europe, is the proven and preferred provider of mobile commerce software for leading mobile operators. Qpass customers collectively reach more than 70 million subscribers today. These operators, including Cingular Wireless, Nextel, Alltel, Dobson and Boost Mobile, use Qpass’ Prosperity Series software as an overlay to existing business systems. The software efficiently manages mobile commerce payment and settlement, content partner relationships, service bundle creation and customer care in mobile or Wi-Fi networks. With Qpass software, mobile operators are driving premium data services business worth hundreds of millions of dollars per year. Today more than 175 content partners and aggregators are integrated with Qpass software, delivering over 10,000 applications to mobile users. For more information, visit www.qpass.com.

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