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Helsinki, Finland – October 16, 2008 – Xtract announced today that the company’s board of directors has appointed Michael Hallén as chairman of the board effective immediately. Hallén has a solid experience from several technology companies.

Michael Hallén’s most recent operational assignment was as president and CEO of Stockholm listed Boss Media AB, a leading systems supplier in digitally-distributed gaming entertainment. His team contributed in revitalizing the company and then to a successful public bid process resulting in Boss Media being acquired by US based GTECH in April 2008. Previously, Hallén was president and CEO of IFS AB, a provider of business applications, also listed in Stockholm and operating in some 50 countries. He played a key role in the company’s international expansion and has also been establishing its offshore capabilities.

“I am thrilled to be elected chairman of the board of Xtract and to contribute in building the next successful step in the company’s fast development,” says Michael Hallén. “Xtract has built a unique proposition and track record providing software products that enable highly accurate customer targeting and profiling for telecom operators and online social media. I am impressed by the results and the dramatic increase of return on marketing investment for the Xtract customers.”

In support of his interest in building entrepreneurial companies, Hallén has held board positions in a number of other technology companies. He is currently active in the boards of Extenda, a supplier of software for the retail industry; Cambio, provider of healthcare administration software; and XDIN, an engineering consultation firm.

“Michael is the right person to head Xtract’s board through these exciting and challenging times,” said Timo Laaksonen, Xtract’s CEO. “He brings hands-on experience combined with in-depth knowledge and vision of the market that Xtract needs to strengthen our long term strategy and execution.”

London, UK and Helsinki, Finland – July 8, 2008: Xtract, the leader and innovator in social advertising intelligence today announced that it has closed its series B round of funding with EUR 7,5 Million ($11.74M) from leading early-stage technology investors Creandum, ETF III advised by Eqvitec Partners and InnovationsKapital.

Xtract enables mobile and online companies to refine their customer data creating highly accurate 3 Dimensional profiles combining social interactions, behaviour and demographic information. It answers a crucial need in the advertising industry by making the advertising in social media and mobile effective. By using Xtract, customers have seen the average ad income increase with as much as 82% and in mobile campaigns response rates have increased, on an average, with 30%.

Staffan Ingeborn, Managing Investment Director of InnovationsKapital comments: “Xtract is a very exciting company with a unique proposition for targeting of digital advertising. Its solutions have been shown to create substantial value for its customers, and we believe that Xtract is very well positioned to become a winner and a leader in this space.”

Xtract works with over 50 companies with intensive customer data ranging from global leaders such as Nokia, T-Mobile and Vodafone to innovative challengers such as BLYK and Flirtomatic. Xtract makes complexity simple and actionable via a unique and patented set of products that based upon social interactions, behaviour data and other dataflow can create accurate and dynamic real-time customer profiles. Xtract can ensure delivery of the right audience to the right commercial message at the right time and accurately report on the effectiveness of any campaign. Something which up until now was not possible.

Xtract board member Juha Mikkola of Eqvitec Partners said: “This investment opportunity had a lot of demand and clearly marks the very interesting market and expansion opportunity that Xtract represents in the fast growing social intelligence market.”

“We are delighted to have added two new prominent investors, InnovationsKapital and Creandum in addition to our original investor ETF III advised by Eqvitec Partners. This investment round combined with an exceptional organic growth enables us to expand to new markets outside Europe,” says Kimmo Kiviluoto, CEO of Xtract.

About Creandum
Creandum is a Nordic venture capital firm investing in early-stage technology companies. The firm has 120 million Euros under management and is today the fastest growing independent partnership of its kind in the Nordic region. Creandum invests in innovative companies in high growth markets led by outstanding entrepreneurs. All investment professionals at Creandum have started companies or been part of successful startups. For more information, please visit www.creandum.com.

About Eqvitec Partners Oy
Eqvitec Partners Oy is one of the largest technology focused venture capital and private equity firms in Northern Europe. The company was founded in 1997 and employs 15 investments professionals in Helsinki and Stockholm. Eqvitec Partners currently advises 6 funds with the total capital base of 500 million Euros. The funds invest in technology companies in all phases from start-up to buyouts. At the moment the funds have investments in 40 companies and have carried out 35 exits. More information can be found at www.eqvitec.com.

About InnovationsKapital
InnovationsKapital is a leading independent venture capital firm in the Nordic region with capital commitments of EUR 317 million in four funds. Years of experience and a strong network within academia and industry enable InnovationsKapital to invest in successful early stage and growth companies. InnovationsKapital supports talented entrepreneurs to help them create successful high growth businesses. Since 1994, InnovationsKapital has made over 60 investments and a number of successful exits in the life sciences and technology sectors. For more information, please visit www.innkap.se.

About Xtract
Xtract is the global trusted partner and innovator in Social Advertising Intelligence.
We have the technology and competence to turn large user data into cash flow. Our solutions create accurate and automated consumer profiles for mobile and online advertisers based on social interactions, behavioural and demographic data.
Xtract operates across Europe and Asia, working with over 50 companies with intensive customer data ranging from global leaders such as Nokia, T-Mobile and Vodafone to innovative challengers such as BLYK and Fonecta. Headquarters are in Helsinki, Finland and London, UK. www.xtract.com