Charlotte, NC; July 29, 2002 - DecisionPoint International, a boutique Investment Bank providing merger and acquisition services to middle-market technology clients, announced today that its client, Mobilocity, Inc. ("Mobilocity"), has sold the operations of its <kpe> subsidiary to AGENCY.COM and the remaining assets of Mobilocity to Wireless Knowledge, a subsidiary of QUALCOMM (NASDAQ: QCOM).
Headquartered in Los Angeles, CA, <kpe> is an industry-leading provider of digital branding and communication solutions with deep domain expertise in the entertainment & media and retail verticals. Headquartered in New York City, NY, Mobilocity is a pioneer of strategy, custom application development and integration services around mobile solutions with expertise in the financial services and media and entertainment verticals. Mobilocity's venture investors include Morgan Stanley Venture Partners, J.P. Morgan Partners, Cambridge / Samsung Partners and Siemens.
AGENCY.COM provides strategy, branding and technology services that help its clients build and grow their interactive business across multiple digital channels - the Web, wireless, and interactive television. AGENCY.COM is owned by Seneca Investments, an affiliate of marketing communications giant Omnicom Group (NYSE: OMC). Wireless Knowledge helps enterprises improve their business performance through a mix of consulting, professional services and applications that translate advanced wireless technologies into business value for customers.
About Mobilocity, Inc. (and subsidiary <kpe>)
Mobilocity, Inc. provides professional services that create business value through the strategic application of technology. With its proven mobile solutions expertise, Mobilocity helps companies integrate technologies to operate more efficiently, communicate more easily and collaborate more effectively. Mobilocity offers solutions that include website development, mobile strategy, custom application development and systems integration. With clients in the U.S., Europe and South America, New York City-headquartered Mobilocity offers professional services across a range of market segments. Mobilocity has delivered mobile solutions for industry leaders such as Bertelsmann, Mandalay Bay, Sony, and Hewlett-Packard.
<kpe> is an industry-leading provider of digital branding and communication solutions with deep domain expertise in the entertainment & media and retail verticals.
AGENCY.COM is a leading e-business builder in global markets. The company provides strategy, branding and technology services that help its clients build and grow their interactive business across multiple digital channels - the Web, wireless and interactive television. Founded in January 1995, AGENCY.COM is headquartered in New York and has offices in Amsterdam, Atlanta, Boston, Chicago, Copenhagen, Dallas, Houston, London, Paris, San Francisco, Woodbridge (NJ) and affiliate offices in Australia, Korea and Singapore. AGENCY.COM serves a broad and diversified global client base in a variety of industries, including 3M,British Airways, Compaq, Heineken and Reuters.
About Wireless Knowledge
Wireless Knowledge, a QUALCOMM company, delivers strategic data mobility solutions that extend critical enterprise applications to today's highly fluid workforce. A strategic solution from Wireless Knowledge consists of a mix of consulting, professional services and applications that translate advanced wireless technologies into business value for its customers. By delivering a mobile strategy based on a customer's specific business drivers, critical processes and existing applications, Wireless Knowledge enables organizations to drive revenue through reduced costs and increased productivity. For more information, please visit .
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.