Six Nokia Venture Partners Funded Companies Report Milestones at 3GSM World Congress

CANNES, France - February 20, 2002 - Nokia Venture Partners (www.nokiaventurepartners.com), a leading global venture capital firm focused on early-stage mobile technology companies, today gathered six of its portfolio companies to report on their latest developments at the 3GSM World Congress in Cannes. At the event, Avesair, Avian Communications, Bitfone, Enition, fusionOne and WaveMarket will unveil their latest milestones, products and new features for the first time at a press event hosted by managing partner John Malloy. The event highlighted some of the most promising mobile technology companies and serves as the platform for these announcements and provides the philosophy behind Nokia Venture Partners' investment.

"We are very pleased to have such a presence in Cannes and are exceptionally excited by our recent investments. The 3GSM World Congress offers us the perfect vehicle to showcase the companies and reveal the products that will continue to change and enhance our mobile world," said John Malloy, managing partner, Nokia Venture Partners. "We are very proud of these entrepreneurs and hope that their efforts inspire and encourage more innovation by other emerging businesses."

Nokia Venture Partners was formed in 1998 as an independent venture firm investing in leading edge mobile technology companies targeting high growth market opportunities, such as mobile and IP network and software infrastructure. Nokia Venture Partners maintains USD $650 million under management and has funded more than 30 companies within the mobile infrastructure hardware and software, applications and services sectors, from the US, the UK, Germany and Finland. The companies participating in the 3GSM World Congress make up only a portion of the $650 million fund.

The Nokia Venture Partners portfolio companies participating in this year's event will make the following announcements:

Avesair, the only single-source mobile marketing and commerce provider, enabling operators, marketers and content providers to deliver and monetize a full range of targeting and decision-based services discusses its recently announced acquisition of WindWire making them the leading provider for all mobile marketing needs. By combining the resources and expertise of these two companies, Avesair emerges as the only end to end solution to implement successful mobile marketing programs.

Avian Communications unveils the company and its first mobile data infrastructure solution, the Avian MSSP(TM) (Mobile Services Switching Point),. The Avian MSSP(TM) enables the definition and deployment of network based wireless data services, creating new revenue streams for operators, through the use of real-time value based billing models.

Bitfone Corporation, provider of innovative software solutions that enables carriers and mobile phone manufacturers to reduce costs and increase revenue by enhancing the user experience, introduces its new mProve solution, the world's first carrier-grade software infrastructure for delivering over-the-air firmware and software updates to mobile phones.

Enition, provider of the innovative, secure and scalable Internet Monetization Platform, which enables the valuation, scale and settlement of content among business partners reveals the 2.1 release of its flagship NetToll product.

fusionOne, a leader in carrier-class mobility and synchronization software, announces the expansion of its award-winning sync platform to include Over-the-Air (OTA) SyncML-based solutions. fusionOne's new OTA Sync Solutions enable carriers to offer their subscribers the ability to wirelessly sync SyncML handsets and PDAs with PIM and network applications.

WaveMarket, provider of a breakthrough spatio-temporal (location-time) database custom built for location-based services, reveals its first round of venture funding for the company and announces its Wave IQ software that significantly outperforms existing GIS and relational databases.

To register for press credentials for the 3GSM World Congress, please go to www.3gsmworldcongress.com/press. For more information about Nokia Venture Partners and its portfolio companies, visit stand D6 in Hall 2 during the 3GSM World Congress or visit the Nokia Venture Partners website at www.nokiaventurepartners.com.

About Nokia Venture Partners:
Nokia Venture Partners is a leading global venture capital firm based in Menlo Park, California. Launched in 1998, Nokia Venture Partners has USD $650 million under management and leads investments in early stage mobile technology companies around the world. The fund is backed by a number of limited partners, including BMC Software, Goldman Sachs, Nokia and others, and has a strong track record of leveraging its combined resources, experience and contacts to help build successful mobile businesses. The firm also has offices in Washington DC, London and Helsinki. For more information, visit www.nokiaventurepartners.com.

For more information contact:

Gina Bauman +1 408 504 4664
press@nokiaventurepartners.com