Munich, September 10th 2001. RWE Venture Capital Funds GmbH, a subsidiary of RWE AG, Essen has acquired a stake as a strategic investor in Wearix Software GmbH in August of this year. Decisive for the seven-figure corporate venture investment are the attractive prospects chances expected for the “mobile solutions” market now and in the future.

The strategic investment in Wearix underlines the increasing significance placed on the topic, mobile business processes, within the conglomerate in the future. RWE has considerable know-how available in the core areas of service, maintenance and sales that can become even more effective through the implementation of mobile solutions.
For fund manager Dr. Ulrich Gleissner, Managing Partner of RWE Dynamics, the investment is thus doubly worthwhile: “On the one hand with Wearix, we have found a promising company that is already ideally equipped for a mobile future with its products and services, and on the other hand there are many positive synergy effects resulting from the collaboration - not the least of which is the mobilization of business processes inside the RWE group”.

With the stake in Wearix, RWE Dynamics invests in an innovative and rapidly growing enterprise that promises sustainable long-term growth. The acceptance and use of mobile devices are growing rapidly in the business environment. With its standard software, the “Mobile Application Broker”, (MAB), Wearix already is today equal to the special demands placed on mobile solutions in the professional environment. Wearix can integrate the most diverse and mobile devices within all existing networks, system environments and platforms; it can optimize processes in the enterprise, and thus achieve significant cost and service advantages.


Additional Earlybird investment

The outstanding corporate development over the last year has also motivated the existing investor, Earlybird Venture Capital, to make a new financial commitment. According to Dr. Hendrik Brandis, partner at Earlybird: “Our experiences with Wearix, whether with the company’s products, or with the outstanding management team, demonstrate that we are betting on the right horse. Wearix successfully maintained its position in a fiercely competitive market and we have every reason to support our conviction that this positive development will also continue in the future.

With RWE Dynamics as strategic investor as well as Earlybird as a proven partner Wearix Software GmbH is ideally positioned for successful development and further growth in the years to come. Wearix is moving closer with these partners to its ambitious goal of permanently establishing the “Mobile Application Broker” as the standard in the mobile business world.


About RWE Dynamics Venture Capital Management GmbH
RWE Dynamics is the independent organizational management company for the RWE Venture Capital Funds GmbH that has DM 100,000,000 total funds. Established early in 2001 as a corporate venture RWE Dynamics concentrates on first and second round financing in industries close to the business areas of the RWE concern, (power, gas, water, waste disposal, recycling, information transfer). RWE Dynamics invests in “primary technologies” in these market segments as well as in “enabling technologies” for the support of business processes in these segments.

The close collaboration with RWE creates a “win – win situation”. The fund’s investment companies are supported by RWE Dynamics with know-how and the extensive network provided by a leading worldwide multi utility with a turnover of approximately 95 Billion DM.

RWE Dynamics has offices in Düsseldorf and Munich



About Earlybird LLC
Earlybird is an international venture capital fund with about US $ 300 million under management and investment focuses on information technology, telecommunications and healthcare. With offices in Europe (Hamburg, Munich) and the US (Palo Alto), Earlybird is well positioned to take advantage of international opportunities and to assist its portfolio companies to gain access to the international market place and financial resources. Earlybird’s investment professionals have extensive finance and start-up operating experience and actively support portfolio companies. In addition, a network of experienced industry specialists serves on the Earlybird advisory board and assists Earlybird and its portfolio companies in providing strategic advice and operational support.


About Wearix Software GmbH
Wearix develops products and solutions for mobile enterprise applications. With the claim “M-abling your business”, the software house supports companies from diverse market segments with solution competence in the “mobilization” of core processes and critical applications.

Wearix offers with the “Mobile Application Broker” (MAB) a product for the effective and permanent integration of mobile devices within all existing and future networks, system environments and platforms. In addition the Wearix MAB provides a basis for standard applications and for the implementation of reference projects in the area of professional services.

Wearix customers include Audi, DaimlerChrysler, D2 Vodafone, marchFIRST, as well as Internet companies such as Conject AG. Wearix works closely with hardware manufacturers such as Compaq, Ericsson, Handspring, Nokia, Palm, Psion, and Xybernaut, as well as with scientific institutions like the University of Karlsruhe and the Fraunhofer Institute for Occupational Economics and Organization.


Press Contacts:
Wearix Software GmbH
Karsten Krause-Ablaß
Communication Manager
Tel: 0 89/54 88 28-705
Email: karsten.krause-ablass@wearix.com

Susannah Bahro
PR Consultant
Tel. + 49 (0) 89/72 40-78 90
Email : susannahbahro@aol.com


  www.wearix.com