XConnect Raises $10M

XConnect raises $10M in Series B funding

September 16, 2009

1 Min Read

LONDON -- XConnect, the global leader in neutral and secure next-generation interconnection and ENUM-registry services, today announced it has raised $10 million in Series B funding.

A consortium of investors, including Venrock Associates (U.S.), Accel Partners (U.K.), Grazia Equity (Germany) and Crescent Point Group (Singapore), participated.

The financing will enable London-based XConnect to continue expanding its “Interconnect 2.0” portfolio, which includes Carrier ENUM-registry and multimedia interconnection hub services.

Interconnect 2.0 offers the most comprehensive suite of services to meet operators’ growing needs to efficiently deliver new revenue-generating multimedia services, such as high-definition voice and video, across IP networks, while increasing service quality and reducing costs.

XConnect operates the largest worldwide ENUM-based IP-peering federation, the Global Alliance, and the world’s first national VoIP and NGN interconnection federations, in the Netherlands and Korea.

“This investment by Tier 1 venture capital firms during challenging economic times is a strong endorsement of federated interconnection and demonstrates belief in XConnect’s Interconnect 2.0 strategy for driving migration from the PSTN to next-generation IP communications,” said XConnect Chairman Ohad Finkelstein. “The global reach of our investors underscores their grasp of our company’s worldwide impact and growing international prospects.”

XConnect Global Networks Ltd.

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