Fine Point Technologies Acquires Ireland-Based Mobile Device Management Company Pervenio...

Fine Point Technologies Acquires Ireland-Based Mobile Device Management
Company Pervenio Ltd

Acquisition Adds Mobile Device Management Technology to Fine Point's Software
Portfolio for Global Service Providers

NEW YORK and CORK, Ireland, June 24 /PRNewswire/ -- Fine Point Technologies, a
leading provider of software tools for the management of wireline broadband
connections, today announced a definitive agreement to acquire Pervenio Ltd, a
creator of unrivaled wireless device detection and management solutions for
mobile communications providers. The transaction brings Fine Point superior
mobile capabilities complementary to its suite of wireline customer experience
management (CEM) offerings for global communications providers.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090527/DC22203LOGO)

This acquisition uniquely positions Fine Point to offer software tools for
both wireline and wireless network operators to help them profitably manage
the customer experience across a wide range of services and a myriad of
complex desktop, laptop, and handheld multi-media devices -including tools for
automatic activation, independent repair, customer care and optimization of
network connections.

Based in Cork, Ireland, Pervenio is the first and only mobile device
management (MDM) company to provide mobile service providers with an
instantaneous, comprehensive picture of all wireless devices on the network,
enabling them to automatically connect users to the providers' network
services, validate the legitimacy of every device on the network, react to
customer handset changes, and even unlock additional revenue through real-time
access to marketing analytics.

Pervenio's system automatically recognizes more than 20,000 individual mobile
handset models from the world's leading mobile device manufacturers, including
all current GSM handset models used around the globe.

Commenting on the acquisition, Fine Point CEO and Chairman Todd Ruelle said,
"For the world's mobile and wireline operators, our combined team offers a
deep understanding of the challenges faced in rolling out increasingly
sophisticated devices and services to the global market.

"In addition to focusing on organic growth through our core products, the
addition of Pervenio is consistent with our strategy to leverage Fine Point's
strong financial performance to acquire complementary mobile technology
companies," Ruelle said.

Ian Deakin, Pervenio's CEO and founder said, "As well as complementary
technology, our companies share a commitment to superior customer experience.
In the converging mobile-broadband world, delivering a superior user
experience is absolutely essential to winning and retaining customers at a
reasonable cost." Deakin will become Fine Point's new chief technology
officer, with oversight for the full suite of Fine Point's products and
services.

Pervenio will become a wholly-owned subsidiary, named Fine Point Technologies
Ireland, with operations in Cork, Ireland. The transaction is expected to
close on June 30, 2009.

Pervenio Ltd.

Pervenio (Latin for "reach") is a pioneering, world leading provider in mobile
device management (MDM) and service provisioning software solutions that
enable mobile service providers to stay better connected with their customers.
Pervenio solutions detect wireless devices the instant they switch on,
automatically configure the maximum service capabilities of each handset on
the network, and ensure immediate connectivity to maximize the customers'
experience and spend. The company's products support more than 16 major
networks globally, increasing revenues, enhancing profits and improving
operational efficiencies for some of the world's most forward-thinking mobile
operators who serve millions of customers worldwide.

Founded in 2003 in Cork, Ireland, Pervenio (www.pervenio.com) maintains a
presence in Europe, the Middle East, the Caribbean, Africa and Asia.

Fine Point Technologies, Inc.

For more than a decade, Fine Point Technologies has grown a diverse portfolio
of software solutions that bridge the gap between broadband service providers
and their customers. Fine Point's installation and device management software
tools help consumers easily connect --and stay connected-- to their
communication providers' networks. This translates into satisfied customers,
and helps communication service providers to manage rising customer care costs
associated with the magnitude and increasing complexity of broadband devices.
In the U.S. alone, industry experts predict that there will be an average of
six networked devices per household by 2010.

Founded in 1997, privately-held Fine Point Technologies is based in New York
City, with field offices in Germany and Brazil. Since its founding, Fine
Point's Customer Experience Management (CEM) automation solutions have been
deployed to more than 15 million subscribers through a customer base of many
top tier communications providers in the U.S., Latin America, Europe and Asia.

For more information, please visit: www.finepoint.com

SOURCE Fine Point Technologies, Inc.

Gerry Simone, +1-703-994-4418, gerry@simonecommunications.com, for Fine Point
Technologies