SUNNYVALE, Calif. [October 17, 2006] – Celunite, Inc., a leader in open mobile Linux software and professional services to the mobile phone industry, today announced that it has closed $30 million in funding, reinforcing the company’s ability to deliver leading platform and application solutions to mobile service operators, handset manufacturers and mobile phone chipset makers.

The financing round was led by Garnett & Helfrich Capital, a San Mateo, California-based private equity firm specializing in venture buyouts. Terry Garnett and David Helfrich, who are Managing Directors and founders of Garnett & Helfrich Capital, are joining Celunite’s Board of Directors.

“As the wireless industry has matured, wireless carriers, mobile handset manufacturers and others in the wireless industry will benefit from Celunite’s open platform strategy,” said Garnett. “We found Celunite’s business model compelling as it demonstrates that this is yet another arena where open source software is considered a viable alternative to the more costly and limited proprietary alternatives.”

The funding will be primarily used to expand Celunite’s open mobile Linux development team and to acquire companies that complement Celunite’s leadership position in the mobile Linux community. Celunite is actively recruiting engineers with embedded Linux, middleware, and mobile applications expertise to join its strong engineering teams in Pune and Hyderabad, India.

“We couldn’t have found a better partner than Garnett & Helfrich Capital,” said Mahesh Veerina, chief executive officer of Celunite. “They share our vision of an open mobile Linux platform with tightly integrated applications. We now have the resources to accelerate our investments in mobile Linux engineering so we can continue to deliver the industry’s best solutions and services.”

About Celunite

Celunite is a leading provider of open mobile Linux software platforms and professional services that enable its mobile service providers, handset manufacturers and chipset makers to quickly and cost effectively adopt new mobile technologies and content. Celunite’s solutions reduce new product development cycles, lower product costs and increase the flexibility of mobile phone applications. Celunite is a private company headquartered in Sunnyvale, California with offices in China, the UK and development centers in India. Visit www.celunite.net.

About Garnett & Helfrich Capital

Garnett & Helfrich Capital, The Venture Buyout Firm™, is a private equity fund for mid-sized technology spinouts. Formed in March 2004, with $250,000,000 in capital from leading institutional investors and educational endowments and now expanded to more than $350,000,000, the firm invests in buyouts in the enterprise software, communications and networking, semiconductors, data processing, and internet content/infrastructure segments of the technology industry. Visit www.garnetthelfrich.com.