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SEVEN(R) Appoints Thomas Hoster As Chief Financial Officer

Posted on: Monday, 24 May 2004, 06:00 CDT

REDWOOD CITY, Calif., May 24 /PRNewswire/ -- SEVEN Networks, Inc. announced today that Thomas Hoster has joined the company as chief financial officer and will be responsible for SEVEN's finance and administration activities. He brings more than 30 years of finance experience to SEVEN, with a strong focus on the wireless and telecommunications industry, and direct experience working with mobile operators.

Hoster comes to SEVEN from @Road, a leading provider of mobile resource management services, where he served as chief financial officer and senior vice president and was responsible for all finance activities. At @Road, Hoster took the company public in the difficult capital markets of late 2000, and built the @Road finance function as the company grew from modest revenues to an annual run rate of more than $70 million. Under Hoster's leadership, the company turned cash flow positive and profitable, and completed a $91 million secondary offering of common stock in 2003. Prior to @Road, Hoster was senior vice president and CFO of GetSmart, a leading provider of consumer financial services over the Internet, offering consumers mortgages, credit cards and auto loans. He has held executive positions with ClickAction, a publicly held e-marketing and software company, and Octel Communications, the leading provider of voicemail systems. Hoster additionally has 15 years of banking experience.

"The SEVEN opportunity was one that could not be missed," said Hoster. "SEVEN has innovative technology and partners with some of the world's largest mobile operators to deliver in-demand mobile email services. I look forward to working with the team to help SEVEN achieve further success."

In March, SEVEN announced that Kent Thexton had joined the company as president and co-CEO. Thexton joined SEVEN from leading UK mobile operator O2, where he most recently served as chief data and marketing officer, president of O2 Online and a member of the board of directors.

"With Tom and Kent on board, SEVEN is well-positioned with one of the more experienced management teams in the wireless data industry. They are both proven executives, responsible for helping their former companies grow wireless services worldwide," said Bill Nguyen, founder, chairman and co-CEO of SEVEN. "Tom is a perfect fit for SEVEN - his extensive financial background, combined with his wireless experience and leadership, will be a great asset."

About SEVEN

SEVEN is a global provider of software that enables mobile operators to offer their subscribers secure, low-cost, real-time access to critical information including business and personal email and applications. SEVEN is available as Personal Edition for individuals, and Server Edition and Enterprise Edition for businesses. Our software supports a wide variety of device platforms, including BREW-, J2ME-, Microsoft Pocket PC-, Microsoft Smartphone 2003-, Palm OS- and Symbian-based phones, and is currently compatible with handheld devices manufactured by Hitachi, HTC, Motorola, palmOne, Sanyo, Samsung, Sony Ericsson and Toshiba. SEVEN is available today across major international network standards, and is sold by Cingular Wireless, KDDI Corp., NTT DoCoMo, O2, Orange, The SingTel Group and Sprint. SEVEN is a global company headquartered in Redwood City, CA.

NOTE: SEVEN is a registered trademark of SEVEN Networks, Inc. Out of the Office, System SEVEN, SEVEN Personal Edition, SEVEN Enterprise Edition, and SEVEN Server Edition are also trademarks or service marks of SEVEN Networks, Inc. All other trademarks or tradenames are those of their respective owners.

Safe Harbor Statement under the Private Securities Litigation Reform Act 1995:

Information and announcements in this release involve the expectations, beliefs, hopes, plans, intentions or strategies of SEVEN Networks, Inc. regarding the future and are forward-looking statements that involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to SEVEN as of the date of the release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to SEVEN's operating and financial results to differ materially from its current expectations include, but are not limited to: failure of network operators to deploy or promote our solution; failure of their customers to subscribe for our services; our ability to successfully transition to a subscription-based revenue model; the continued growth and development of the wireless telecommunications market and demand for our services; market acceptance of our existing or future products or services; our ability to continue to develop and introduce competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; adverse economic conditions; our ability to control costs; the outcome of pending legal proceedings relating to SEVEN's intellectual property; and other risks and uncertainties detailed in the company's SEC filings.

SEVEN Networks, Inc.

CONTACT: Meredith Valt of SEVEN, +1-650-381-2557, or mobile,+1-650-380-4248, or mvalt@SEVEN.com

Web site: http://www.seven.com/

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