Funambol

Funambol

December 02, 2010 12:15 ET

Funambol Announces Appointment of Amit Chawla as CEO

Telecom Veteran to Lead Next Stage of Open Source Mobile Cloud Sync Company's Growth

REDWOOD CITY, CALIFORNIA--(Marketwire - Dec. 2, 2010) - Funambol, the open source mobile cloud company, today announced that Amit Chawla has been appointed CEO to expand the company's global footprint with carriers and enterprises. Former CEO Fabrizio Capobianco will assume the positions of President and Chairman of the Board, where he will focus on the company's strategic direction and partnerships. Amit has an extensive background of executive leadership and operational excellence in the mobile industry, most recently as CEO of enterprise mobility specialist Agito Networks, which was acquired by ShoreTel (NASDAQ:SHOR).

"Funambol is the leader of open source mobile cloud sync solutions for billions of phones and connected devices," said Amit Chawla, Funambol CEO. "The company's technology is widely deployed by major mobile companies worldwide. We now have the opportunity to significantly grow this success by expanding Funambol's global carrier footprint and enterprise adoption."

"Amit's extensive telco and operational background will help Funambol get to the next level," said Fabrizio Capobianco, Funambol President and Board Chairman. "I am thrilled that Amit has joined us and look forward to teaming with him to take the company to new heights."

Amit has extensive experience with worldwide carrier and Global 2000 enterprise communications products. Prior to Funambol, he was CEO of Agito Networks, where he guided the firm from an early stage startup to a successful acquisition. As CEO of NexVerse Networks, Amit spearheaded the merger with a division of ECI Telecom to form Veraz Networks which was listed on the NASDAQ in 2007. Amit has also held leadership positions at Nortel Networks.

"Funambol can now benefit enormously from an executive with over 25 years of telecom experience," said Mary Coleman, Funambol Board Member from Walden International. "Speaking on behalf of the Funambol Board, we look forward to Amit scaling up the company."

Funambol is experiencing unprecedented demand for its open source mobile cloud software. The company recently signed its 50th Carrier Edition customer, including several tier-1 carriers and device makers. Ten companies are launching services based on Carrier Edition this quarter.

About Funambol

Funambol is the open source mobile cloud company that provides sync and device management for billions of mobile phones and connected devices. Funambol open source has been downloaded four million times by 50,000 developers in 200 countries, making it the #1 mobile open source server project. The commercial version of Funambol has been deployed by top mobile operators, device manufacturers, internet companies, service providers and ISVs. Funambol is headquartered in Silicon Valley. For more information, visit http://www.funambol.com or follow Funambol on Twitter at http://twitter.com/funambol.

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