Synacom Raises $14 Million In Late Stage Funding
July 21, 1999

San Jose, CA, US - Synacom today announced it has closed on a fourth round of financing totaling $14 Million. New investors in this round of financing included ABN AMRO Private Equity, Cisco Systems, and Sofinnova Ventures.

"With the strong support of our investors, Synacom will be able to aggressively develop and market new products that address the demands in the fast moving wireless industry," said Ming Lee, Synacom President and CEO.

"Synacom has developed technology that interconnects and prevents fraud on the world's major wireless networks. Thanks to Synacom's products, seamless international roaming is one step closer to becoming a reality and we are very pleased to be part of this company," said Dan Foreman, Managing Director of ABN AMRO Private Equity and newly appointed member of Synacom's Board of Directors.

Existing investors, who participated in this round, include the Walden International Investment Group, JK B Capital, Vertex, Pac-Link and TDF.

Synacom Technology, Inc. headquartered in San Jose, California designs and delivers state-of-the-art Intelligent Network products that enable wireless carriers to offer enhanced services.

Synacom's RoamFree® Gateway provides interoperability between GSM and ANSI-41 networks (TDMA, CDMA, AMPS), allowing wireless carriers to expand coverage in North America and around the world. Extensions to the RoamFree® technology will provide interoperability between today's networks and 3rd generation IP-based networks.

Synacom's CloneSafe™ line of ANSI-41 authentication and A-Key management products offers carriers an end-to-end solution to security and fraud prevention.