Al Snyder & Amanda Reed Join the Board of Directors

Mountain View, CA (July 23, 2009) - Bubble Motion, the pioneer and global leader of next generation voice messaging, today announced it has secured $6 million in funding from new investor Palomar Ventures and existing investors Sequoia Capital and Comcast Interactive Capital.  As part of the new investment, Al Snyder, CEO at Aepona, and Amanda Reed of Palomar Ventures joined the company’s Board of Directors.  Both announcements will support aggressive expansion of Bubble Motion’s product portfolio and its international subscriber footprint.

“We have been fortunate to see phenomenal viral traffic growth with our portfolio of messaging services,” said Tom Clayton, President and CEO of Bubble Motion.

“And that traffic growth over the past year led to a tremendous amount of investor interest.  We were very pleased to have this round be oversubscribed, with our existing investors fully participating.  Even though we already had a strong balance sheet, we felt that it made sense to have some additional capital for strategic acquisitions and R&D investments to accelerate our growth.”

Board Member Appointments Al Snyder brings 30 years of expertise in telecommunications and IT to the Bubble Motion Board. As CEO of Aepona, Al has strengthened the company’s North American and European presence. Prior to joining Aepona, he was the CEO of Carrier Access and the COO of Openwave.  He has also held executive positions at Oracle and Digital Equipment Corporation.

Amanda Reed brings a wealth of experience with high-growth companies to the Bubble Motion Board.  Prior to joining Palomar in 2001, Amanda was a founding member or early employee for four start-up ventures.  Amanda’s previous roles include SVP of Strategy and Development for LogicTier, an internet operations services provider, and Connect, an early pioneer in Internet-based e-commerce software and services.