XConnect Raises $10 Million in Series B Funding

Round to Support Continued Growth of IP Interconnection Services, Driving
Adoption of Cross-Network NGN Offerings

LONDON, Sept. 16 /PRNewswire/ -- 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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090827/XCONNECTLOGO)

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."

Eli Katz, XConnect CEO and founder, added: "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 our
next-generation interconnection and ENUM services."

In related news, XConnect announced that Torsten Kreindl, a partner at Grazia,
and David Hand, a partner and managing director at Crescent Point, will join
its board of directors. Before entering the international venture investment
field, Kreindl, currently a Swisscom director, served as CEO of Deutsche
Telekom's broadband cable business. Hand brings experience in emerging markets
from a corporate-finance perspective, developed at Crescent Point and Morgan
Stanley, and specializes in Asia-Pacific investments.

"We are enthused to be contributing to the continuing growth of XConnect - an
innovative pioneer that is uniquely primed to ride the NGN wave and promote
the transition to all-IP communications," Hand said. "We are particularly
impressed by XConnect's track record in Asia, where its establishment of the
first Korean IP-peering federation signifies leadership and points to
expansion in emerging markets."

About XConnect
The global leader in network peering, XConnect is trusted by more than 100
IP-based service providers to offer a suite of Interconnect 2.0 services,
including Carrier ENUM-registry and next-generation multimedia interconnection
hub solutions. London-based XConnect offers the most comprehensive and
reliable solutions to help service providers deliver rich multimedia IP
communications across networks while improving service quality and reducing
costs. Backed by Tier 1 venture capital firms, XConnect operates the largest
worldwide ENUM-based IP-peering federation, the Global Alliance, and the
world's first national VoIP/NGN interconnection federations, in the
Netherlands and Korea. For more information, please visit www.xconnect.net.

About Accel Partners
Founded in 1983 and with offices in Palo Alto, London, Bangalore and China
(via the IDG-Accel Partnership), Accel Partners has a history of excellence
and innovation in the venture capital business. Accel is dedicated to
partnering with outstanding entrepreneurs and management teams to build
world-class internet and technology businesses. Category-defining companies
backed by Accel include Admob, Actuate, Agile Software, Alfresco, Arrowpoint,
BBN Technologies, BitTorrent, Brightcove, Brightmail, ComScore, Facebook,
Foundry Networks, Gameforge, GlamMedia, Infinera, Interwoven, JBoss, Kayak,
Macromedia, metroPCS, Polycom/PictureTel, QlikTech, Real Networks, Redback
Networks, Remedy, Riverbed, SupportSoft, UUNet, Veritas, Walmart.com, Wily
Technology, XenSource and Zimbra. (www.accel.com)

About Venrock
Venrock is a premier venture capital firm with offices in Palo Alto, New York,
Cambridge, MA, and Israel. Originally established as the venture capital arm
of the Rockefeller family, Venrock continues a seven-decade tradition of
partnering with entrepreneurs to establish successful, enduring companies.
Having invested $2.2 billion in 417 companies resulting in 124 IPOs over the
past 39 years, Venrock's investment returns place it among the top tier
venture capital firms that have achieved consistently superior performance.
With a primary focus on technology, healthcare, and energy, portfolio
companies have included Adify, Adnexus Therapeutics, Apple Computer, Centocor,
Check Point Software, DoubleClick, Gilead Sciences, Idec Pharmaceuticals,
Illumina, Intel, Millennium Pharmaceuticals, Sirna Therapeutics, StrataCom,
and Vontu. For more information, please visit Venrock's website at
www.venrock.com.

About Grazia Equity
Grazia, located in Stuttgart and Munich, is one of the leading European VC
companies focussing on young and highly innovative companies. Grazia's success
relies on a partnership with extraordinarily strong entrepreneurial teams to
turn them into international market leaders. Since Grazia does not depend on
institutional investors it is known for pragmatic and quick decisions.
Grazia's portfolio companies profit from the wide entrepreneurial background
of its partner team as well as a far-reaching international network. That's
why some of America's best VC companies trust in Grazia's expertise by making
common investments. Grazia's partner team has supported so far more than 40
companies. (www.grazia.com)

About Crescent Point Group
Crescent Point Group is an investment management and advisory group with a
geographic concentration on the Asia Pacific and Middle East regions. The
Group makes and manages proprietary, private equity related investments on
behalf of sophisticated individual and institutional investors from around the
globe. The Group operates professionally staffed offices in Singapore,
Shanghai and Jeddah and employs senior executives of the firm in London, New
York and Kuala Lumpur. (www.cgcm.com)

SOURCE XConnect

Laura Abbott, +1-203-869-8217, laura.abbott@comunicano.com, for XConnect