Instant-messaging firm Odigo today announced it is to raise $10 million to $20 million in its third financing round.

The company also said that Howard Woolf has been appointed as President and CEO.

Woolf has over 25 years experience in software and middleware. He formerly served as president of the Americas at Intel Dialogic, a subsidiary of Intel (Nasdaq:INTC).

Woolf said that the next generation of cellular phones will support the transmission of instant messaging, and include instant-messaging software, enterprise instant-messaging platforms, and capabilities for instant-messaging hosting services.

In January 2001, Lazard Technology Partners led Odigo's a $15.3 million round. Investors included Comverse Technology (Nasdaq:CMVT) and Fenway Partners.

Odigo secured $6 million in its seed and first financing round from Prodigy Communications, StarMedia Network, and private investors.

ODIGO NAMES HOWARD WOOLF CHIEF EXECUTIVE OFFICER

New York, NY (January 30, 2002) - Odigo Inc., the leading provider of Instant Messaging and Presence Solutions to wireless carriers and service providers worldwide, today announced the appointment of Howard Woolf as President and Chief Executive Officer. Mr. Woolf joins Odigo from Intel Dialogic where, as President of the Americas, he focused on voice servers, software and services for the OEM Enterprise and Service Provider Telecommunications market.

Mr. Woolf brings over 25 years of experience in the technology industry. His expertise includes launching and successfully growing both "Application" and "Middleware" software product businesses from start-up to greater than $100M concerns. In addition to his years with Intel, Mr. Woolf has a distinguished career with General Electric and Compaq/Digital Equipment. He is an Engineering graduate of Clarkson College of Technology and holds an MBA in Finance from Boston College.

"Howard is exactly the right leader for Odigo," said Lewis Pell, Odigo Chairman. "His extensive experience in technology, marketing and management, combined with his software development, sales and telecom background, will help establish Odigo as the worldwide leader in wireless instant communication products. We are very excited to welcome such a top notch CEO to the Odigo team as we launch our new growth strategy for the Wireless Carrier market."

"The new generation of handsets will be equipped with built-in IM and Presence capabilities starting this year, which presents a tremendous opportunity for Odigo,¿ stated Mr. Woolf. ¿With the only proven, scaleable, network-independent Instant Messaging and Presence Management products, Odigo will enable a new range of instant communications services for Wireless Carriers. Odigo¿s capabilities are important to the Industry and I¿m delighted to be part of the Odigo team."

About Odigo, Inc.Odigo, Inc. is the leading provider of Instant Messaging and Presence Solutions to wireless carriers and service providers worldwide. Odigo's products include IM Servers, SMS-IM Gateways, and Presence Management Solutions. Founded in 1998, Odigo is a U.S. based company with headquarters in New York City. Odigo has licensed its IM and Presence Solutions to customers such as Comverse Network Systems, NEC, British Telecom, Austria Telecom, Sunrise Communications, Prodigy/SBC, and others. Learn more at www.odigo.com.

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