XConnect Gets $10m for Expansion of Interconnect 2.0
XConnect has announced that it has now raised about $10 million in
Series B funding. It was able to raise this amount with the aid of
many different investors, which included Accel Partners of the UK,
Crescent Point Group of Singapore, Venrock Associates of the US, and
Grazia Equity of Germany.
XConnect plans to use the funding to finance the expansion of its
Interconnect 2.0 portfolio, which is composed of multimedia and
Carrier ENUM-registry hub services.
The Interconnect 2.0 portfolio has a full suite of services that are
designed to meet growth of operators so that they can easily add on
the delivery of the growing array of multimedia services such as video
and voice high definition services.
XConnect’s Interconnect 2.0 offers the most comprehensive suite of
services tailored to address operators’ increasing requirements to
deliver multimedia services such as high-definition voice and video,
across IP networks.
In a related development, the company also announced the appointment
of Torsten Kreindl and
David Hand to its board.
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