Xtract Selected as a Top Innovator by GSMA - as part of the 2009 Mobile Innovation Global Awards Competition – APAC Tournament

Helsinki, Finland – 30th October, 2008 – Xtract announced today that the GSM Association (GSMA) selected its Social Links solution as a top finalist for the 2009 Mobile Innovation Global Awards Competition – APAC Tournament. The Mobile Innovation Global Awards Competition encourages breakthrough technology, applications and services in the mobile industry by bringing together innovative mobile products, industry investors and mobile operators. Xtract with its Social Links solution, a social marketing intelligence product, has been selected as one of three finalists in the ‘Most Innovative Carrier Infrastructure or Platform’ category.

Timo Laaksonen, CEO of Xtract said, “We are very proud to be recognised by the GSMA for the second time this year. This shows again that the operator community is starting to utilise their rich user data for marketing, making it more flexible, cost efficient, accurate and relevant to their customers. With Social Links, mobile operators can utilise their marketing budgets more effectively to tackle churn, acquire new customers and launch new products to the market. Operators that have already adopted Social Links are gaining tangible returns on their marketing investment right from the start of taking the solution into use.”

Xtract was a finalist for the 2008 Mobile Innovation Global Award Competition at the GSMA Mobile World Congress in Barcelona last February, and has now been recognised for the second time for the APAC tournament.