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TMCnews Featured Article
September 15, 2009
XConnect Raises $10 Million in Series B Funding
By Bob Emmerson, TMC European Editor
XConnect, a provider of interconnection and ENUM-registry services, has raised $10 million in Series B funding.
The consortium of investors includes Venrock Associates in the United States, Accel Partners (News - Alert) in the United Kingdom, Grazia Equity in Germany and Crescent Point Group in Singapore.
The financing will enable London-based XConnect (News - Alert) to continue expanding its “Interconnect 2.0” portfolio, which includes Carrier ENUM-registry and multimedia interconnection hub services.
XConnect operates the largest worldwide ENUM-based IP-peering federation as well as the world’s first national VoIP and NGN interconnection federations in the Netherlands and Korea.
Eli Katz (News - Alert), XConnect chief executive officer and founder, said that the new funding is perfectly timed.
“The rapid global market adoption of NGN and VoIP infrastructure by fixed, mobile and Web 2.0 operators, together with the need to deploy rich multimedia communication services across networks, is driving demand for next-generation interconnection and ENUM services,” said Katz.
The consortium of investors includes Venrock Associates in the United States, Accel Partners (News - Alert) in the United Kingdom, Grazia Equity in Germany and Crescent Point Group in Singapore.
The financing will enable London-based XConnect (News - Alert) to continue expanding its “Interconnect 2.0” portfolio, which includes Carrier ENUM-registry and multimedia interconnection hub services.
XConnect operates the largest worldwide ENUM-based IP-peering federation as well as the world’s first national VoIP and NGN interconnection federations in the Netherlands and Korea.
Eli Katz (News - Alert), XConnect chief executive officer and founder, said that the new funding is perfectly timed.
“The rapid global market adoption of NGN and VoIP infrastructure by fixed, mobile and Web 2.0 operators, together with the need to deploy rich multimedia communication services across networks, is driving demand for next-generation interconnection and ENUM services,” said Katz.
Bob Emmerson (News - Alert) is TMC's European Editor. To stay abreast of the latest news affecting the European market, check out Bob's columnist page.
Edited by Kelly McGuire
