VANCOUVER, B.C. – May 7, 2013 – QuickMobile, the leading provider of mobile event app solutions, today announced that it has closed a $3.2 million round of funding led by existing investors, BDC IT Venture Fund and Vancity. The infusion of capital will allow QuickMobile to add the resources required to meet the unprecedented demand for its new multi-event mobile app platform and continue its international expansion. This funding follows $2.6 million of equity investments received in 2011 from angel investors and Vancity, and a $3.3 million round led by BDC IT Venture Fund in 2012. In addition, the company has recently added several members to its senior leadership team, including industry veterans in marketing, services, and product management.

Funding to Fuel Development

“We are fortunate to have investors that share our vision and recognize the opportunity before us. Our revenues are growing exponentially year over year, and the demand for our multi-event platform is more than 10 times what we expected, with all of it coming from Fortune 1000 companies. It was clear we needed an infusion of additional capital to execute on our enterprise strategy, and a significantly higher valuation from the last round made it feasible,” said Patrick Payne, CEO of QuickMobile. “With a growing partner channel, a number of new products in development and tremendous enthusiasm for our multi-event platform, we need to add resources quickly. This is an exciting time for our company, and the support of BDC, Vancity and other private investors will allow us to meet our growth requirements, and continue to innovate and expand.”

Multi-Event Platform Spurs Growth Surge

QuickMobile’s multi-event platform provides enterprise customers with a cost-effective way to quickly create and distribute an unlimited number of customizable, feature-rich, branded mobile event apps. The new technology starts with a single, branded master application created by QuickMobile and allows anyone in the enterprise to quickly build a mobile app for any meeting or event.

Since its launch in November 2012, more than 25 Fortune 1000 companies have purchased the multi-event app platform. QuickMobile expects that these customers will create tens of thousands of apps this year alone. In addition, QuickMobile has secured over 40 channel partners to date, including 20 that will offer the technology as part of their event solutions portfolios.

Payne added, “We recognized a void in the marketplace for an enterprise-grade mobile event technology platform that allows companies to develop fully customized, fully branded meeting apps for any and all of their events. QuickMobile’s multi-event platform allows organizations to connect with their employees, customers, partners and other stakeholders in new and engaging ways. Our investors recognize this and fully support our innovation and expansion plans.”

“During the last several months, we have watched intently as QuickMobile has exceeded its own expectations, adding new employees, customers and partners at an accelerated rate,” said Andrew Lugsdin, a Partner at BDC IT Venture Fund. “The increasing demand for the company’s technology illustrated the need for additional resources in order to keep pace, and we are excited to be a part of the growth. We see QuickMobile as a current and future success story for its investors and for Canada, and we are committed to seeing them through this critical stage of the business.”

New Senior Leadership Team Members

In September 2012, QuickMobile added its 100th team member. Today, the company has 145 employees and is currently looking to fill an additional 20 open positions. To support the business growth, QuickMobile has added several members to its leadership team, including Robin Jones, VP of Marketing; Rob Reilly, VP of Client and Partner Services; and Darren Card, Director of Product Management. Jones brings more than 20 years of marketing experience to QuickMobile, and most recently served as VP of Marketing at The Active Network. Reilly joins QuickMobile after serving as a consultant to growing technology firms, and VP at The Active Network. Card is a 16-year veteran of the Internet software industry and comes to QuickMobile from Vision Critical where he worked as VP of Product Management.

About QuickMobile

QuickMobile is transforming meetings and events with mobile apps that engage and delight audiences. QuickMobile’s event app platform creates an always-on communication channel that allows event owners to increase attendee participation, build loyalty and generate revenue through richer experiences. By fully leveraging the capabilities of QuickMobile’s mobile and social solutions, customers can extend events into yearlong conversations and build lasting relationships with their audiences. QuickMobile’s head office is located in Vancouver, Canada. For more information, visit www.quickmobile.com. Follow QuickMobile on Twitter @quickmobile.

About the BDC VC IT Fund

The BDC Venture Capital IT Fund is a $150 million fund with offices in Vancouver, Toronto, Ottawa, Montreal and Calgary as well as strong linkages to Silicon Valley. Investments are typically early stage companies in the enterprise, Internet and mobile sectors. The fund has invested in many successful companies including Radian6 (acquired by Salesforce), Opalis (acquired by Microsoft), Bycast (acquired by NetApp) and Q1 Labs (acquired by IBM). For more information http://www.bdc.ca.

About BDC Venture Capital

With more than $1 billion in current and planned investments and more than 25 years of industry experience, BDC Venture Capital is an investor of choice focusing on IT, health, and energy/clean technology companies, as well as venture funds, with high growth potential. From seed through expansion to exit, our mandate is to help build outstanding Canadian companies, while working to create a sound financial ecosystem for Canadian technology ventures. Find out more at www.bdc.ca/vc or on Twitter @BDC_VC.

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On April 25, 2013, the BC Technology Industry Association announced the finalists for the 2013 Technology Impact Awards (TIAs). We are excited to announce that QuickMobile has been named a finalist for the Emerging Company of the Year Award. The winners will be announced on June 6, 2013 at the 20th Anniversary of the Technology Impact Awards Gala at the Vancouver Convention Centre-West Building.

In a press release, BCTIA president Bill Tam said, “The 2013 TIAs finalists are clearly making their mark on the world, selling to and partnering with some of the largest organizations around the globe. These companies represent thousands of jobs, tens of millions in investment, research and development, and hundreds of millions in annual exports.”

Our CEO, Patrick Payne, added, “”Being recognized as one of the top emerging companies in British Columbia is a tremendous honor for us. This is an exciting time to be a tech company in BC. The tech community is buzzing with activity led by incredible people building innovative products and companies. We appreciate all of the support that we continue to receive, which in the past three years has helped us triple the size of our team, engage with dozens of Fortune 100 and hundreds of Fortune 1000 customers and extend our reach around the world. We have worked extremely hard to deliver innovative mobile technology and solutions that help our customers and partners be successful. Our accelerated growth over the past several years is a testament to that commitment and a true compliment to our great QuickMobile team.”

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QuickMobile today announced that it has been named a top Information and Communications Technology (ICT) company as part of the Rocket Builders “Ready to Rocket” business recognition program. The annual program showcases the top private tech companies in British Columbia that are considered revenue growth leaders of tomorrow. This is the 11th year of the Ready to Rocket program, which recognizes companies across the ICT, life sciences and cleantech industries.

QuickMobile Creating More Engaging, Immersive Events

QuickMobile develops mobile meeting and event solutions for meeting owners and organizers. The company’s mobile apps, which have been created for thousands of events around the world, empower organizations to fully leverage mobile technology to deliver more engaging and immersive experiences for attendees, exhibitors and sponsors. QuickMobile recently released SnapApp®, which provides enterprise customers an easy-to-use way to quickly create and distribute an unlimited number of customizable, feature-rich, branded event apps

“Each year when we choose the Ready to Rocket companies, we are looking for those companies that have best matched technical innovation with market opportunity. QuickMobile is an excellent example of the right technology for the right customers at the right time.” said Reg Nordman, Managing Partner, Rocket Builders.

“Ready to Rocket” Upward

“The tech industry in B.C. is experiencing tremendous growth with a number of amazing entrepreneurs and companies leading the way,” said Patrick Payne, CEO of QuickMobile. “Being recognized among the top companies in the industry for our technology and growth potential is a complement to our great team that is dedicated to exceeding customer expectations on a daily basis. In 2012, we surpassed all our goals, and 2013 is setting up to be another banner year for us. We congratulate all the other companies that like QuickMobile are ‘Ready to Rocket’ upward.”

About Ready to Rocket

Ready to Rocket is a unique business recognition list that profiles technology companies with the greatest potential for revenue growth. Each year, based on analysis of trends that will drive growth in the information technology sector, Rocket Builders identifies the top private companies that are best positioned to capitalize on the trends for growth. This selection methodology has been an accurate predictor of growth with “Ready to Rocket” companies exceeding the industry growth rate. Also, many of these companies raise investment capital and each year many of the profiled “Ready to Rocket’ companies are acquired. http://www.readytorocket.com

“Ready to Rocket” is a trademark of Rocket Builders, a respected management consulting firm servicing the technology industry.

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Today’s large corporate and association events play host to participants from around the world. With so many different nationalities in attendance, organizers are challenged to break down the language barriers and provide an equally engaging experience for everyone involved.

Starting now, organizers are one step closer to solving this complex issue with the first ever multilingual event app from QuickMobile. Part of the powerful QuickMobile platform and content management system, every mobile event app can be a multilingual communication tool delivering all your content in virtually any language. Participants can learn and communicate in their own languages and within their own cultural contexts, while organizers can feel confident that every attendee is enjoying the same conference and meeting experience.

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