Press Release                                                                5. november 2007


Copenhagen, Denmark, 5 November 2007: Speakanet, the leader in 100% mobile, business telephone systems, today announced it has secured an additional round of $10m USD in funding from current investors Northzone Ventures, Eqvitec Partners and new investor Via Venture Partners. The funds will be used to support its strong customer growth in Denmark and expand internationally.

Speakanet’s solutions leapfrog today’s telephone systems, whether conventional or VoIP based, with a 100% mobile, business telephone system that requires no hardware, no investment and significantly lowers total costs of telephony for businesses of all sizes (www.speakanet.com).

Having acquired over 15,000 business users in its Danish home market, Speakanet is now planning to enter several new markets including the UK and Switzerland.

Francois Mazoudier, CEO explains: “The past 18 months have been critical for the company. We have achieved solid domestic growth, completed the new, category defining platform, and built a healthy pipeline of opportunities in key international markets. With this technology advantage and proven demand for the solution, it is now time to start planning an accelerated international rollout. These funds will allow us to do that.”

Jakob Rybak-Andersen from VIA comments: “We are very excited about Speakanet’s potential. The entire office telephony market, worth around 8 billion USD a year, is going through dramatic changes – most businesses today are re-evaluating their core needs, which always include providing mobility to their employees. Speakanet’s solution and its patented technology make it an obvious choice to answer those needs.”

Arve Johan-Andresen from Northzone Ventures adds: “Similarly to CRM and voicemail, office telephony is poised to become a network-enabled service and Speakanet is spearheading this trend. This new round of funding cements Speakanet’s leadership position and will allow the company to accelerate and grow into international markets in a category defining manner. We have been actively involved with Speakanet since 2004 and are very excited that the company, with this new funding round, has reached a very important milestone.”

Jukka Häyrynen of Eqvitec Partners comments: “Speakanet is an exciting example of a company proving its offering in the Nordic “laboratory market” and then rolling out to international markets. The flexible business model and disruptive offering for business telephony give a solid base for expansion. This funding round enables Speakanet to really scale up its international business.”

About Speakanet
Speakanet was founded in 2001, is headquartered in Copenhagen, Denmark, with teams in London, UK and Prague, Czech Republic. The company was hailed best Start-up in Ernst & Young's prestigious Entrepreneur Of The Year in the 2005 competition, and was labelled Cool Vendor of the Year by Gartner Group in 2007.
The Speakanet solution replaces conventional telephone systems (either analogue or VoIP-based) with a 100% mobile, hardware-free, self-provisioned and web-enabled solution. Employees use a standard GSM mobile phone and the receptionist uses the Speakanet software switchboard. The entire system is provisioned and activated in minutes, and is simple enough to be used by customers without any technical staff or employee training. Companies no longer need to purchase, install, manage, upgrade and support their own telecoms infrastructure in the office – a significant saving in hardware, office cabling, handsets, telecoms rooms and other expensive telecoms specialists.

About Speakanet’s investors
Northzone Ventures (www.northzone.com) is a leading Nordic technology venture capital firm. The firm has 9 partners located in offices in Copenhagen, Oslo, and Stockholm, and has invested in more than 60 companies across the Nordic region, since it was founded in 1996. Northzone currently manages € 325 million committed by leading international private equity investors.

Via Venture Partners (www.viaventurepartners.com) is a EUR 134 million multi stage venture fund investing in exceptional companies in the Nordic region. Founded in early 2006, Via Venture Partners is a privately owned and independent Nordic software and communication venture capital firm. Via Venture Partners Limited Partner is ATP, who manages Danish pension savings in excess of DKK 400 billion.

Eqvitec Partners (www.eqvitec.com) is a technology focused venture capital firm active in the Nordic countries. The company was founded in 1997 and employs 14 investments professionals in Helsinki and Stockholm. Eqvitec Partners advises 5 funds with a total capital base of 440 million euros. The funds invest in companies from start-up to later-stage phases supporting them in their development and expansion.

For further information please contact:
Speakanet
François Mazoudier, CEO
+447973451881

Chris Sayer, Marketing Director
+447766951065
press@speakanet.com