SEVEN Completes Series C Round of Financing

"Qualified Institutional Buyer" Joins SEVEN's Existing Investors in Up Round

Redwood City, Calif.- (November 22, 2004) - SEVEN, a leading global provider of software that enables mobile operators to offer their subscribers secure, low-cost, real-time access to business and personal email and applications from their mobile phones, today announced that it completed its Series C round of financing. In this latest round of financing, marked by an attractive increase in valuation, funds were provided by a "Qualified Institutional Buyer (QIB)" as well as existing investors. A "QIB," as defined by Rule 144A by the U.S. Securities and Exchange Commission, primarily refers to institutions that manage at least $100 million in securities including banks, savings and loans institutions, insurance companies, investment companies, employee benefit plans, or an entity owned entirely by qualified investors. UBS Securities LLC acted as exclusive placement agent to SEVEN in this transaction. Terms of this investment have not been disclosed.

This investment was an attractive opportunity for SEVEN to gain additional operating capital to invest more aggressively in research and development and accelerate its growth and market leadership worldwide. SEVEN will use the funds to accelerate the development and breadth of its technology, increase its already rapid market penetration in North America, Europe, Japan, and the rest of Asia, enter new markets, and support its customers - the world's leading mobile operators - to bring mobile email to every phone.

"SEVEN has clearly demonstrated that we have a winning approach to delivering mobile messaging beyond the nascent market that it is today. We have reduced cost and complexity while supporting the broadest range of networks and devices across the world's leading operators. We firmly believe that we are in position to grow the mobile messaging market to scale," said Kent Thexton, SEVEN President and Co-CEO. "We are pleased with the confidence that our new investor has shown in SEVEN as well as the continued confidence demonstrated by our existing investors."

Prior to today's announcement, SEVEN raised approximately $55M in its Series A and Series B rounds in 2000 and 2001 respectively. SEVEN's existing investors include Ignition, LLC, Greylock, Saints Capital and SOFTTBANK Asia Infrastructure Fund. SEVEN was recently named to the San Francisco Business Times Fast 50-its annual list of the San Francisco Bay Area's fastest growing companies. SEVEN was also recently awarded the "2004 Mobile Office Innovative Service Model of the Year Award" from independent analyst firm Frost & Sullivan and in 2003 was named "Product of the Year" by Network Magazine.

About SEVEN
SEVEN is a leading 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.

Media Contact:

SEVEN
Kate O' Sullivan
+ 1 415 307 3148
kate@seven.com