Firethorn

In November 2007, Firethorn was acquired by Qualcomm (NASDAQ: QCOM) for approximately $210 million in cash. Firethorn is a mobile banking services enabler that links financial institutions and wireless operators through a unified, secure and scalable technology platform that seamlessly extends full-service banking capabilities to consumers from many financial institutions to many wireless devices. Firethorn has strategic relationships with wireless carriers such as AT&T and Verizon, and financial institution partners including Wachovia, SunTrust Bank, Regions Financial, BancorpSouth and Synovus.

Firethorn was founded in 2001 by Tripp Rackley, NMP’s entrepreneur-in-residence at the time. NMP became Firethorn’s first institutional investor in 2006. Mr. Rackley was also the founder and CEO of nFront, a pioneer in internet banking which was one of NMP’s most successful investments.