T-Com Venture Fund and Innovacom Take 21% of OneAccess Networks

Press Release:

T-Com Venture Fund and Innovacom Take 21% of OneAccess Networks

Press Release
News Article March 2005

PARIS, March 15/PRNewswire/ -- OneAccess Networks, a manufacturer of access routers for telecommunications carriers and corporate networks, announced today that two major investment funds, T-Com Venture Fund and Innovacom took over 21% of OneAccess share capital. The two new investment funds are deeply involved in the telecommunication market. They will bring a thorough expertise of Telco's expectations and connections to a large network of Telco's industry related companies.

OneAccess Networks has built a strong position in the European IP-VPN Carrier Class access router market as well as a leading expertise of deployment of large Data and VoIP networks over the last two years. OneAccess Networks takes on its strategy of partnership with Telco's. Today, this ambition is confirmed by the completion of the series C financing from Telco's investors.

This capital increase ends the process started mid 2004 for building a strong company. Total amount raised during the third financial round tops EUR10M. OneAccess Networks is comfortably fuelled to expand with new products, to increase its market share, and to develop its presence in key countries like Germany, United Kingdom and Spain.

"We enjoyed in 2004 a growth rate of 100% and we plan to repeat it in 2005. The T-Com Venture Fund and Innovacom will help us to keep focused on bringing extra value to all our customers over Europe." said Bertrand Meis, CEO of OneAccess Networks.

"Our strategic investment in OneAccess Networks fits perfectly with our consistent broadband strategy enabling T-Com and the operating arms of the Deutsche Telekom to deliver high-value innovative services to their customers.", commented Georg Schwegler, Managing Director - T-Com Venture Fund. "OneAccess is an outstanding investment opportunity and the right partner for our strategy."

"We are delighted to be adding OneAccess Networks to our portfolio of technology leading vendors", said Francois Scolan, General Partner - Innovacom. "We have been amazed by OneAccess recent successes and by the number of Telco's adopting their technology, among them France Telecom. Our aim is to create a European leader of Access Products."

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