iSkoot Raises $19 Million in Series C Round

iSkoot, a leading provider of
mobile Web services, announced today that it has secured $19 million in a
Series C funding round. The round was led by Vision Opportunity Master Fund
and included participation from existing investors Charles River Ventures,
Khosla Ventures, Jesselson Capital Corporation and ZG Ventures. iSkoot will
use this round of funding to support introduction of a groundbreaking suite
of mobile communication solutions and maintain its position at the leading
edge of mobile experience development.

"This funding represents a tremendous validation of the new mobile
services we've been developing," said Mark Jacobstein, CEO of iSkoot.
"iSkoot products let mobile consumers get dramatically greater value from
the Web services they already count on, and in the current economy value is
going to be a powerful differentiator. We look forward to introducing a
complete, transformative mobile experience that genuinely enhances the
tools real people use to stay connected."

With its recent acquisition of Social.IM -- the desktop IM client that
brings real-time communication and notifications to social networks --
iSkoot is well-positioned to introduce a new class of highly integrated
Web/mobile communications.

"iSkoot has already demonstrated phenomenal success in the Web to
mobile communications arena, and has not stopped innovating," said Izhar
Armony, general partner at Charles River Ventures. "There is tremendous
market potential for iSkoot's mobile solutions and we are convinced that
iSkoot will be a dominant player in development of a new generation of
purpose-built, integrated mobile devices. iSkoot's success in raising
capital at a time of significant market volatility speaks volumes about the
company's value proposition."

"iSkoot is growing into an overall mobile services leader by developing
carrier-grade Web communications services that integrate and work well on
consumers' mobile phones," said David Weiden, partner at Khosla Ventures.
"We believe the solution iSkoot is building will have a profound impact and
enhance the mobile experience for people around the globe."

About iSkoot

San Francisco-based iSkoot, with offices in Cambridge and Israel,
brings leading Web services like Skype(TM) to mobile handsets around the
world. iSkoot worked with Skype and Hutchison 3 to launch the first
carrier-deployed mobile Skype application in 2006, and to develop the
award-winning 3 Skypephone, currently sold in eight countries on three
continents. iSkoot for Skype takes advantage of the voice-optimized
circuit-switched carrier network for delivery of voice communications, in
keeping with iSkoot's mission to bring resource-intensive Web
communications services to mobile phones with carrier-grade quality. For
more information, visit http://www.iskoot.com.

About Vision Opportunity Master Fund

Vision Opportunity Master Fund, Ltd. is managed by Vision Capital
Advisors, LLC ("VCA"), an SEC registered investment advisor based in New
York City. VCA has more than $800 million in assets under management and
has a long-term fundamental investment philosophy focusing on exchange
listed small- to mid-size growth companies, as well as private companies.