- Funds to Boost Sales and Marketing Activities and Enable Introduction of New Innovative Solutions -

London, November 22 2007 - Seeker Wireless has closed a €6.1 million funding round to bolster its market position as the world’s leading zone detection technology provider for mobile operators. The funding round was led by Chairman David Taylor and Director Christopher Sharples and includes Scott Mead, former partner of Goldman Sachs, and Unigestion, a European Institutional asset management company. 

The investment follows a previous funding round last year, which resulted in €6.2 million of funding in Seeker Wireless from shareholders and new investors and grants from the Australian Government.

The SeekerZone™ solution from Seeker Wireless, created for Fixed Mobile Substitution (FMS), has been recognised by mobile operators as one of the most advanced location technologies available in the market. Mobile operators in EMEA and Asia Pacific have selected SeekerZone™ to deliver zone-based charging to encourage subscribers to use mobile phones instead of the traditional fixed line, by setting innovative price plans for users at home and when out and about.

“I would like to thank our investors for their continued support” said Dr. Chris Drane, Chief Executive Officer at Seeker Wireless. “Having developed the most accurate zone detection technology for mobile operators, we are keen to build on our success and expand the company and its offerings. The new funds will be used to strengthen our Sales and Marketing activities to drive growth in new and existing markets, and to introduce new innovative solutions based on our advanced location technology such as location-enhanced mobile marketing.”