Press release

Valista® chosen as one of Tornado Insider’s Top 100 Companies

Tornado Insider chooses the Best Performing Companies of 2004

Dublin, Ireland and San Mateo, CA, USA — 26th January 2005

Valista (www.valista.com) the leading provider of payments and offer management software enabling the purchase of premium services over web and mobile, has been selected as a winner in Tornado Insider's fourth annual Tornado100 award. The Tordado100 list was announced today at the Tornado Insider T100 Leadership Forum in London, which was attended by Raomal Perera, CEO, Valista.

The Tornado100 list portrays the 100 best-performing and innovative high-tech private companies of Europe and Israel. Combining own analysis with advice from industry experts, Tornado Insider assembles the annual Tornado100 lists appreciating excellence both in innovative, commercial and financial performance.

Raomal Perera, CEO, Valista said; “We are delighted to have been recognised by Tornado Insider as being at the vanguard of European Technology companies. Over 150 million subscribers worldwide have access to the Valista product suite which is fast becoming the wireless payments and premium content software of choice for leading companies such as AOL, Vodafone UK, France Telecom’s w-HA, Orange and NTT DoCoMo. Our products truly are changing the way we enjoy life around the world.”

Taking into account the different stages of maturity that exist in high-tech sectors, the Tornado100 selection criteria nevertheless favours companies that have clearly demonstrated that the technology they are commercialising today will change the way life is lived tomorrow. The Tornado Insider list can be found on the Tornado Insider website (www.tornado-insider.com) and includes information about Valista and the other 99 most promising and innovative companies.

“ The companies Tornado Insider selected are Europe’s technology stars,” said Niels Valkering, Tornado Insider’s Head of Research. “Combining internal analysis with advice from industry specialists, we identified the elite of Europe’s high-tech entrepreneurial vanguard, appreciating excellence both in innovative, commercial and financial performance. Watch these companies in 2005, as the technology they are commercializing today will change tomorrow’s trends.”

The selection of the 2004 Tornado100 Winners from thousands of candidates was judged according to the following criteria:

• Delivering an innovation that shows the promise to set new standards
• Creating a major new audience
• Supplying a key piece of the ICT infrastructure
• Commanding a significant customer base
• Having the potential to become a global brand or standard
• Influencing a major market
• Receiving a significant amount of funding
• Having a strong valuation for a lucrative exit
• Having a management with previous successful exit experience
  

Notes:
For more information, please contact:

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

About Valista.
Valista is the leading provider of payments and offer management software for the purchase of premium services over web and mobile channels. The combined subscriber base with access to the Valista product suite exceeds 150 million users with over 1000 merchants utilizing the company’s merchant integration technology. Valista’s products support the entire commerce ecosystem and cover the end-to-end business processes including multi-channel ordering, authentication, payment, settlement, service delivery, and post-purchase care.

Valista won ‘Best Wireless Application Developer’ at the GSM Association Awards 2004, was chosen as one of Red Herring’s and Tornado Insider’s Top 100 global companies for 2004.

Key customers include:
AOL, Vodafone UK, France Telecom's w-HA, Orange, Wanadoo, Tiscali, T-Online and VirginMega.fr (France), NTT DoCoMo, 3 (eight countries) and GTECH.

Valista® and ‘accelerating commerce™’ and ‘new ways to purchase with multiple ways to pay™’ payments software enabling the purchase of premium services™’ 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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