NetMotion Wireless Inc. Secures 
$10.8 Million in Series B Funding

Second Closing Adds Dolphin Equity 
Partners and Mitsui & Co. Venture Partners

    NetMotion(R) Wireless Inc., a leading supplier of software solutions for wireless networks, today announced the second close of its Series B funding, with a total round of $10.8 million. The round sees the addition of two new investors: Dolphin Equity Partners and Mitsui & Co. Venture Partners (MCVP), as well as additional participation by existing investors Northwest Venture Associates and Alexander Hutton Venture Partners. The company will use the new capital to accelerate product development, expand sales and marketing efforts, and fund ongoing business operations.

    In addition, the company announced the appointments of Dennis O'Connell, Managing Director at Dolphin Equity Partners and Masami (Mark) Kawahara, investment partner at MCVP, to the NetMotion Wireless board of directors.

    NetMotion Mobility(TM) provides security, reliability and true application session persistence to wireless networks. Using InterNetwork Roaming(TM) technology, NetMotion Mobility was the first wireless solution to provide a continuous and secure connection ensuring data integrity between wired and wireless data networks, from Wi-Fi and CDPD networks to GPRS, 1xRTT, GSM and Bluetooth networks. The company recently announced version 4.0 of NetMotion Mobility, which is also featured on the Companion CD for the new HP iPAQ Pocket PC h5400 series.

    "NetMotion Wireless continues to be a leader in delivering persistent, secure access to data and applications wherever users roam," said Steve Cullen, CEO of NetMotion Wireless. "The continued confidence of our investors and our partners, and the response we are getting in the marketplace, reinforces our leadership."

    In conjunction with the funding, two additional directors have joined the NetMotion Wireless board.

    -- Dennis O'Connell, Managing Director at Dolphin Equity Partners, joined Dolphin in April 2001. Mr. O'Connell presently serves on the Board of Directors of Netifice Communications, Accelacom and RateIntegration. He has nearly 20 years of operating experience in the communications industry. Prior to joining the Dolphin team, Mr. O'Connell spent three years as the North Region President of XO Communications after spending >ten years with AT&T Wireless dating back to its initial launch as McCaw Cellular.

-- Masami (Mark) Kawahara, investment partner at MCVP, has 10 years broad experience in IT industries, including his previous work for Mitsui's global internal information & communication systems and enterprise software businesses. His most recent work has been in the Application Service Provider business for e-mail. Mr. Kawahara was key in establishing the joint venture between Mitsui, Critical Path, NTT Communications and NEC.

    About the New Investors
    Dolphin Equity Partners, L.P. specializes in investments in private communications companies operating in the U.S. and abroad. Located in New York, Dolphin currently manages over $340 million in capital. Dolphin seeks to obtain significant equity positions in early and expansion stage companies with the potential for substantial growth in new or emerging communications technologies, software and services. They are shaping the future of communications through highly selective investing, and through the strategic direction that they provide to the management of their portfolio companies.

    Mitsui & Co. Venture Partners (MCVP) is a provider of early stage venture capital for various types of U.S. technology firms with a special expertise in helping to build their businesses globally. Over the years, it has invested in and accelerated the growth of breakthrough technologies in the software, communication, semiconductor, electronics, information service, life science, and medical device industries. Located in New York and Tokyo, MCVP currently manages over $280 million in capital.

    About NetMotion Wireless Inc.
    NetMotion Wireless Inc. develops software that makes wireless data networks reliable and secure for enterprises. NetMotion Mobility products allow wireless networks to operate as effectively as wired networks -- without interruption and with secure access to the same enterprise data and applications found on office PCs. With InterNetwork Roaming technology, NetMotion Wireless products provide a reliable and secure connection between wired and wireless data networks. In 2002, NetMotion Wireless won a Network Computing Well-Connected Award (CMP Media LLC), was named Investors' Choice/Most Likely to Succeed at the Technologic Partners' Wireless Ventures conference, and was honored as the Most Promising New Company by the WSA. 

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For more information about NetMotion Wireless or its products, visit http://www.netmotionwireless.com/currentnews, call 206-691-5500, or write 1100 Dexter Ave. North, Seattle, WA 98109.