Press release

Valista’s Managed Payments Service Honored in Convergence World
Awards 2008

Valista’s Operator Payment Service Named as Finalist for Best Service or Product Innovation (in the FMC, VOIP and IMS Sectors)

Dublin, Ireland and San Mateo, CA — April 22, 2008 – Valista (www.valista.com), the leading provider of digital commerce software and managed services, today announced that its Managed Payments Service has been named as a finalist for a prestigious ‘Convergence World’ Award for ‘Best Service or Product Innovation’.

The Convergence World Awards, held in association with the IEC and endorsed by the FMCA and the Wi-Fi Alliance, showcase the convergence of fixed and mobile communications, broadcasting, and entertainment, and recognize the innovations and achievements of the companies driving this convergence forward.

The winners will be announced at a ceremony to be held at the Olympia National Hall, London from 6.00pm on the evening of Tuesday, 29th April as part of the International Engineering Consortium’s SOFNET 08 exhibition and conference. The independent judging panel for the Convergence World Awards comprised Barry J. Sullivan, Ph.D. Director, Content Development at the IEC; Andrew Howarth, Program Director at the Fixed Mobile Convergence Alliance (FMCA); Karen Hanley, Senior Director at the Wi-Fi Alliance, John Williamson, Editor of Convergence World and Peter Purton, Editor of Wireless Business Review.

Evanna Kearins, Director of Marketing at Valista said, “I am delighted that the company has been named as a finalist for an International Business award and we look forward to furthering our presence in global markets as we continue to grow, offering innovative managed services to customers worldwide.”

Other nominees in the same category include: Broadsoft, Mavenir Systems, Openet, Siemens Enterprise Communications, Sonus Networks and Tango Networks. Complete lists of nominees in all categories and other details are available at: www.convergenceworldawards.com

Notes:For more information about the partnership, please contact:

Valista®
Evanna Kearins
Director, Marketing.
Email: marketing@valista.com

About Valista® Ltd.

Valista accelerates the growth of digital commerce with multi-channel merchandizing, payments and settlement solutions. The company enables mobile, broadband and cable operators, and media and entertainment companies to support the entire commerce ecosystem including end-to-end transaction management; advanced settlement; discounting, promotions and loyalty programs with a choice of software or managed services.

Valista specializes in managed services which enable operators to expand their markets and customize their offerings in a timely and cost efficient manner utilizing Valista’s best of breed application ValistaPlus™ software platform.

Key customers include:
America Online, Cricket, Vodafone, NTT DoCoMo, France Telecom’s w-HA, Orange, 3, mBlox, and Orascom/Mobilink.

Valista® and ‘accelerating commerce™’ and ‘new ways to purchase with multiple ways to pay™’, ‘payments software enabling the purchase of premium services™’, ‘ValistaPlus’, ‘PaymentsPlus’, ‘OffersPlus’, ‘SettlementPlus’ are registered trademarks and trademarks of Valista Limited. All other trademarks and registered trademarks referenced in this document are the property of their respective owners.

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