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TMCNet:  Nexmo Raises $3 Million to Scale Disruptive Communications API

[February 21, 2013]

Nexmo Raises $3 Million to Scale Disruptive Communications API

SAN FRANCISCO, CA and LONDON, Feb 21, 2013 (MARKETWIRE via COMTEX) -- Nexmo (www.nexmo.com), the company that solves mobile messaging, today announced that it has closed a round of funding led by Intel Capital, and including NHN Investment Corporation and Initial Capital. Already profitable with accelerating revenue growth, the company will use the funds to expand its suite of APIs in the cloud telecommunications space, and finalize its direct to carrier roll outs around the globe.

Across devices and borders Nexmo has eliminated traditional barriers, and is disrupting the way applications and companies communicate with over 5 billion people worldwide.

Nexmo offers a unique and innovative cloud-based API that for the first time truly lets apps send and receive a high volume of mobile messages seamlessly around the world, and at wholesale rates. Unlike any other provider Nexmo enables developers and enterprises to build scalable messaging applications in the cloud without any intermediation to reach the final carrier. Finally, Nexmo also benefits carriers by opening up new revenue streams from b2b customers. The company added over 70 carriers contracts in the last two years and has been growing at a rate of two new carriers per week.

Current Nexmo clients range from Airbnb to Viber and ICQ.

"2012 was an amazing growth year for our model, and another clear validation of the importance of lean, scalable and easy to deploy messaging APIs. Ironically most of our traffic is driven by smartphone adoption," said Tony Jamous, Nexmo CEO. "With this round of funding we will be able to further streamline the telco value chain and launch a number of new products in 2013.

"As communication around the world moves rapidly toward apps, the cloud and other distributed platforms, there is an urgent need for businesses to pursue lean strategies which enable them to scale quickly and efficiently," said Lisa Lambert, Vice President and Managing Director at Intel Capital. "Through disruptive technology and an extensive worldwide network of carrier partners, Nexmo is vastly improving the way apps engage with users no matter where they are or what devices they are on." About Nexmo Nexmo (www.nexmo.com) is the company that solves mobile messaging globally. Based in UK and US, Nexmo helps drive communication for some of the Internet's most vibrant brands. Founded in 2011, Nexmo is funded by Intel Capital, NHN Investment Corporation and Initial Capital. More information is available at www.nexmo.com.

Media Contact Michael Ingalls Natron Communications for Nexmo (917) 494-4909 Email Contact SOURCE: Nexmo http://www2.marketwire.com/mw/emailprcntct id=7C3978510B97FD9F

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