Mocana Acquires Key Assets of Mimas Technologies

Mimas further differentiates and expands Mocana’s wireless expertise

SAN FRANCISCO - May 16, 2007 - Mocana, a software company that is enabling a secure networked society, today announced its acquisition of key assets of Mimas Technologies, Inc. and Mimas Technologies Pvt Ltd. Through the acquisition, Mocana is forming its first product development center in India located in Pune, and expanding its wireless expertise in securing all aspects of data communications for any connected device.

The acquisition further enables Mocana to differentiate its product portfolio to serve emerging market segments. As the world’s devices are continually upgraded with wireless connectivity, Mocana products can more quickly address the emerging security needs that result when devices and services are connected to the Internet. Mimas’ development expertise is an ideal addition to Mocana and will be well suited for a seamless merge with the company as it continues to expand and accelerate its high performance wireless product offerings.

According to Harbor Research, Inc., overall shipments of devices for Wireline, Wireless WAN, Wireless LAN and Wireless PAN combined are expected to rise from 22 million devices in 2005 to 436 million in 2011, an annualized growth rate of 64%. The data presented by Harbor acknowledges the high levels of growth in the device market and validates Mocana’s value proposition as a company committed to securing connected devices.

“The acquisition of Mimas will expand our reach globally and further enable the growth of our product portfolio for wireless and networking applications,” said Adrian Turner, CEO and President of Mocana. “This acquisition complements Mocana’s development team and also meets our objectives to accelerate Mocana’s growth by tapping into emerging global markets.”

Mimas employees located in India will form the foundation of Mocana Pvt. Ltd., where they will focus on specific new product development targeted to the next generation of wireless devices, networks and services.

“The combined strengths of Mocana and Mimas will enable a broadened family of high performance, highly scalable wireless solutions that enhance the capabilities of connected devices and services,” said Manoj Kulkarni, former President and CEO of Mimas. “The combination of Mocana’s security expertise and Mimas’ world class engineering talent will offer tremendous benefits to our collective customers.”

About Mocana
Mocana is an infrastructure software company securely enabling Internet scale products and IP based services that leverage device connectivity. Mocana's industry-leading infrastructure software solutions ensure that wired and wireless devices, networks and services perform and scale with the utmost security – a necessary foundation for a networked society. Customers include Dell, Cisco, Avaya, Nortel Networks, Harris, Honeywell, Symbol, Emulex, Net.com and Radvision, among others.

Mocana was founded in 2002, is privately-held, and headquartered in San Francisco, California. For more information, visit www.mocana.com. To request a free full source code and documentation evaluation of Mocana's security solutions, visit www.mocana.com/evaluate.html


About Mimas
Mimas Technologies Inc. and Mimas Technologies Pvt. Ltd. Pune, India was founded in 2006. Mimas was focused on designing next generation multicore solutions for networking devices and protocol stacks for wireless devices.

Media Contact:
Gregory P. Funaro
Acount Representative
Lois Paul & Partners
781-782-5896
Greg_Funaro@lpp.com

For Immediate Release