3G Player Ecrio Announces a New Investment

US : Ecrio Inc., a global provider of advanced software for mobile phones today announced that Diamond Capital Company Ltd., the venture capital arm of Mitsubishi Tokyo Financial Group Inc., has invested $3M in its new strategic investment round. They join current investors Nexit Ventures, Cypress Ventures/CIR Ventures and CDB Webtech.

"We are very impressed by Ecrio's technology and the traction the company has generated in the mobile phone software market for advanced 3G services," said Mr. Tetsuya Mori, Director of Diamond Capital. "Ecrio fits perfectly in our cross-border technology investment strategy. With products for Push To Talk and IMS we believe Ecrio will be a leading player in the global market for 3G applications."

"We are very excited that Diamond chose to participate in this round," said Nagesh Challa, CEO of Ecrio. "They have a long history of investing in successful mobile software companies and we believe they will be of tremendous strategic value for the company both in Japan and globally. This strategic round of funding will help us expand our sales, marketing and development capability to meet our customer demands."

About Ecrio Inc.

Headquartered in Cupertino, California, Ecrio is the leading vendor of next generation communication software for mobile phones. Ecrio provides interoperable and standard compliant software to Mobile Phone Manufacturers and Mobile Operators. Ecrio offers solutions for Instant Messaging and Presence Services (IMPS), IP Multimedia Subsystem (IMS) and Push to Talk over Cellular (PoC). Ecrio's customers include Mobile Industry leaders such as Lucent, NEC and Panasonic. www.ecrio.com