Press Releases - Brian Boyle Joins Danal

Brian Boyle Joins Danal

Danal (Business Wire) - 10 April 2008

Brian Boyle, Veteran Technology Company Steward, Joins Danal’s Board of Directors

Veteran in Providing Payment and Billing Services to Carriers as Both CEO and Board Director Fills Remaining Seat on Danal’s Board

SAN JOSE, Calif.--(BUSINESS WIRE)--Danal, Inc. (www.danalcorp.com), a private US-based technology company that is jointly funded by Morgenthaler Ventures (www.morgenthaler.com) and South Korea-based Danal Co., Ltd. (www.danal.co.kr), the global leader and pioneer in charging online transactions to the mobile phone bill, announced today that Brian E. Boyle, Ph.D., a veteran technology company steward, has joined its Board of Directors.

“Dr. Boyle has led many successful technology companies – including several in the wireless sector – from their earliest stages into maturity, both as a CEO and as a board member,” said Paul Kim, founding CEO of Danal, Inc. “Through his experience and networks, he brings tremendous insight and creativity to Danal, which will help us navigate the challenges that fast-growth technology companies typically face.”

Ken Gullicksen, Partner at Morgenthaler Ventures, Danal’s lead investor, added, “Brian’s fit with Danal is excellent. Not only is he well-respected in the technology industry for his achievements, but his rich experience in high-volume payment processing and billing, as it pertains to consumers and mobile carriers, makes him the clear choice for this position.”

Boyle commented, “I’m very pleased to be a part of Danal and what it is doing here in North America. I’ve seen a lot of interesting companies in the past, but rarely one like this, which has the right combination of an innovative business model, successful track record of global leadership, and a committed management team that can get things done. I’ve been impressed with everything they’ve accomplished thus far, and I am eager to contribute to the company’s success going forward.”

About Brian Boyle

Boyle has an extensive background in nurturing companies as both a CEO and as a board member, especially to those in billing and high-volume transaction processing in the wireless industry or in consumer-focused services.

Until recently, Boyle was the vice-chairman and lead director of Boston Communications Group (now XIUS-bcgi), a publicly-traded wireless prepaid service company that helped create the prepaid phone category. He was also the chairman, CEO, and co-founder of Appex, a successful wireless carrier financial settlement, call processing, billing, and fraud control company that serviced over 50% of North American mobile carriers and was later acquired by EDS. He previously served as chairman and CEO of Lightbridge, Inc., a supplier of customer application software for the wireless industry that completed an initial public offering and was purchased by CyberSource in 2007. Boyle currently serves as a director on a number of public and private company boards, including MicroFinancial, Inc., a publicly traded micro-ticket leasing company, DentAMed Inc., a health care finance company, and Abt Associates, Inc., a global company applying research, consulting and technical assistance expertise to a wide range of issues in social, economic, and health policy. Boyle has also served as CEO and/or a board member of numerous companies including Saville Systems PLC, a public telecommunications billing software company operating globally, Aether Systems, Inc., a public wireless data services company, and Interactive Management Systems, Inc., a software applications company that was sold to GTE.

After attaining his A.B. in Mathematics from Amherst College, Boyle earned dual B.S. degrees in Electrical Engineering and Computer Science, M.S. in Operations Research, and Ph.D. in Operations Research, all from the Massachusetts Institute of Technology.

About Danal, Inc.

Danal, Inc. is a US-based technology company that is affiliated with Danal Co., Ltd., a public South Korean company that is the global leader in charging online transactions to the mobile phone bill. Danal Co., Ltd. pioneered this space worldwide by launching the first-ever commercial service in South Korea in 2000. In May 2007, US-based Danal, Inc. raised $9.5 million in venture financing led by Morgenthaler Ventures to commercialize its service for the US market.

Danal allows consumers to purchase goods and services online via its BilltoMobile^TM service by charging purchases directly to their regular mobile phone bills securely, with no up-front registrations or ties to credit cards or bank accounts. This service has already seen wide adoption in Asia. In 2007, South Koreans alone charged close to $1.5 billion worth of transactions to their mobile phone bills including 70% of all digital content purchased online in South Korea. Danal Co., Ltd., the global market leader, currently owns approximately 50% of global market share. Danal Co., Ltd. is the only company to have integrated a significant number of mobile carriers (a total of 14) on both pre-paid and post-paid platforms in multiple countries, including South Korea, Taiwan, and China. Danal is the undisputed, global market leader in this space.