Inc. Magazine Selects InnoPath Software as one of America’s 500 Fastest-Growing Private Companies

Company Ranks No. 102 on the 2007 Inc. 500 With Three-Year Sales Growth of 1,528%

SUNNYVALE, CA - August 28, 2007 - Inc. magazine has ranked InnoPath Software No. 102 on its 26th annual Inc. 500 list of the fastest-growing private companies in the U.S. The company is also ranked eighth overall among the fastest growing telecommunications companies. This ranking reflects the strong growth of the Mobile Device Management (MDM) space as well as the company’s financial controls and its ability to convert customer engagements into actual revenue.

“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”

InnoPath Software, the industry leader in MDM solutions, enables wireless operators and mobile device manufacturers to deliver and support current and future revenue producing services with the reliability, simplicity, and value of a proven utility. The company offers a complete end-to-end Integrated MDM (iMDM) solution consisting of both the server and a standards-based client.

“By offering a comprehensive iMDM solution including customer care, security, and software management, InnoPath has demonstrated its ability to deliver to the most demanding of Tier 1 operators,” said John Fazio, president and CEO of InnoPath. “This ability has paid off as proven by our revenue ramp, and is further validated by the fact that we have been profitable since the fourth quarter of 2006.”

A recent IDC report* recognizes InnoPath as the MDM leader in its ability to gain market share and its alignment with market opportunities. This same report projected MDM operator-centric server sales to increase at a 34% Compound Annual Growth Rate (CAGR) between now and 2011, reaching $334 million. InnoPath also addresses the quickly growing enterprise device management market.

According to Visiongain, it is projected that MDM-enabled handsets will soon reach critical mass, with shipments of just over 300 million in 2007 increasing to almost a billion in 2011. InnoPath addresses this evolving market through partnerships with handset OEMs and OS platform providers.

The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 28 – October 2), reported aggregate revenue of $16 billion and median three-year growth of 939 percent. Most important, the 2007 Inc. 500 companies were engines of job growth, having created more than 64,064 jobs since those companies were founded.

Complete information on this year’s Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc.com/inc5000.

InnoPath will be demonstrating its iMDM server and client portfolio at two upcoming conferences, MDM Americas October 9 - 10 in Rio de Janeiro, and the Symbian Smartphone Show October 16-17 in London. Additional information is available at www.innopath.com.

About InnoPath

InnoPath Software, the leader in Integrated Mobile Device Management (iMDM) solutions, enables wireless carriers and mobile device manufacturers to transparently deliver and support current and future revenue generating services. InnoPath was the first company to commercially deploy firmware over-the-air mobile device management, and its standards-based iMDM Solutions Suite uniquely permits carriers to combine configuration, diagnostics, security, and application management for lifecycle delivery of services into a single integrated workflow. Hundreds of millions of active subscribers are experiencing the value of InnoPath patented solutions through leading carriers including ATT, KDDI, Sprint, and Softbank Mobile, and device manufacturers that include Kyocera, LG, NEC, Panasonic, Pantech & Curitel, Samsung, Sanyo, Sharp, Sony Ericsson, and Toshiba. Headquartered in Sunnyvale, California, InnoPath is privately held with offices in China, Japan, Korea, Europe, and Brazil. For more information, visit www.innopath.com.

About Inc. magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc.magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

* IDC, Worldwide Mobile Device Management – Mobile Operator and Device Manufacturer – Centric 2007-2011 Forecast: From FOTA Updates to Next – Gen Device Management Applications, Doc #207276, June, 2007.