Quickoffice Raises $7 Million in Latest Funding Round

5/27/2005 - Quickoffice, Inc. a worldwide leader in providing innovative office document software for mobile professionals, announced it has completed a $7 million first institutional round of private equity financing, led by pioneering Silicon Valley venture capital firm, Mayfield® (Menlo Park, CA).

Led by former Palm, Inc., COO Barry Cottle, Quickoffice® enables native Microsoft® Office® files to be seamlessly viewed, created, edited and saved as easily on a mobile device as one might experience using a laptop. Quickoffice has been localized in 36 languages and ships worldwide with leading handset manufacturers and wireless carriers. By enabling editing of the actual native Word®, Excel® and PowerPoint® documents on the device, Quickoffice allows users to seamlessly manage their documents on a broad array of smartphones and ensures complete document data integrity as Quickoffice users edit and share critical documents with other Office users.

Designed for the mobile executive or individuals seeking a truly mobile alternative to laptops, the Quickoffice software suite brings this higher level of productivity to a range of smartphones such as:

Quickoffice is the top selling application for Symbian OS-based phones worldwide and is expected to ship as a built-in solution on more than 12 million Symbian OS-based phones in 2005.

Quickoffice also announced that Janice Roberts, Mayfield managing director and former senior vice president, 3Com® Corporation and Palm, Inc., has joined the company’s Board of Directors. Roberts will apply her significant industry knowledge from a Board perspective as the company grows its marketing, sales and product development through this investment. “Mayfield believes that Quickoffice will continue to lead the way in enabling mobile productivity,” said Roberts. “The company’s dynamic vision in the exploding smartphone market, combined with patent-pending technologies and strong operational management, make them an ideal investment for Mayfield.”

“Symbian OS is the global leading operating system for smartphones with an installed base of over 32 million devices, and Quickoffice Premier represents the innovation in applications that provide Symbian OS phone users with best-in-class mobile productivity,” said Jerry Panagrossi, vice president of US operations, Symbian. “We are delighted to work with Quickoffice as a member of the Symbian Platinum Partner Program and with Mayfield as a member of the Symbian Venture Capital Group.”

“Through this new investment, Quickoffice is primed to dramatically expand our worldwide leadership in mobile productivity software,” said Barry Cottle, CEO. “Having a new director with Janice’s qualifications, insight and experience is a great addition to our team of board members which includes Chairman Satjiv Chahil, former CMO of Palm, Inc. and Apple®, Peter Thoren, Executive Vice President, Access Industries and Alan Masarek, President/CFO Quickoffice. We look forward to their combined counsel as we aggressively move forward and execute against our marketing, sales and product development goals.”

Mobile Digital Media acquired the Quickoffice suite of handheld software applications in September 2004 and subsequently changed the company name to Quickoffice. The multiple award-winning Quickoffice PremierTM is now the company’s flagship smartphone software product. Quickoffice Premier is the leading portable computing solution for mobile device users supporting native Microsoft Office formatted files received as e-mail attachments, via infrared beaming, BluetoothTM, Wi-Fi or expansion cards.

About Quickoffice
Quickoffice is a world leader in providing mobile office document software for smartphones, allowing users to open, view and edit Microsoft Office files with complete document data integrity. The company’s flagship product, Quickoffice Premier, continues to receive awards and recognition from industry analysts, the media and users alike. Quickoffice has been thoroughly tested by the rigorous quality standards of leading mobile phone manufacturers and ships through major carriers such as Vodafone®, Orange®, China Mobile®, Cingular® and many more. Fully localized in 36 languages, and shipping worldwide as a built-in solution on a multitude of smartphones, Quickoffice has been a top-selling mobile office application since its market introduction. Privately held, Quickoffice is based in Mountain View, California and Dallas, Texas. More information at: www.quickoffice.com

About Mayfield
Mayfield provides Venture Capital with ImpactTM and creates next-generation technology companies in communications and enterprise software. Since Mayfield's founding in 1969, the firm has invested in more than 425 companies and has taken approximately 115 companies public. Today, these Mayfield-backed companies represent an aggregate market value of more than $150 billion. Examples of Mayfield’s Impact companies include: Advent Software; Citrix Systems; Convedia; Peribit Networks; Redback Networks; and webMethods. Examples of Mayfield's recent investments in the wireless sector include: LGC Wireless; mobileway; Monet Mobile Networks; and Wireless Online. More information at: www.mayfield.com

About Access Industries
Access Industries, founded by Chairman and President Len Blavatnik in 1986, is a privately held, U.S.-based industrial holding company with investments worldwide. Access has long-term strategic interests in the oil, aluminum, coal, real estate, technology, telecommunications and media sectors.

Access Industries, founded by Chairman and President Len Blavatnik in 1986, is a privately held, U.S.-based industrial holding company with investments worldwide. Access has long-term strategic interests in the oil, aluminum, coal, real estate, technology, telecommunications and media sectors.

Palm OS is registered trademark, and Palm and Palm Powered are trademarks of Palm, Inc.

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