Digiquant Closes $20 Million in Additional Funding

Additional Investments By Company's Existing Backers Reinforce Commitment To

IMS Solution and the Dynamic Packet-Based Service Market



Apr 23, 2001, 01:00 ET from Digiquant

    ATLANTA, April 23 /PRNewswire Interactive News Release/ -- Digiquant
 (formerly Belle Systems), a global provider of multi-service management
 solutions for advanced networks, today announced that the company has secured
 $20 million in additional equity funding.  General Atlantic Partners, LLC, an
 existing investor in the company, led the financing round with participation
 by existing Digiquant equity investors Index Ventures, Vertex Management, and
 Cisco Systems.
     The additional funds will be used for increased market penetration,
 continuing the company's global expansion begun in 2000, as well as to propel
 the development and deployment of the company's Internet Management System
 (IMS) solution into the rapidly expanding market for IP-based services.
 Digiquant's IMS is a multi-service platform that enhances communication and
 network service providers' ability to quickly deploy, manage, and bill for
 innovative services.
     "Digiquant has done a phenomenal job of transforming itself from a
 European Internet pioneer to a global infrastructure software and solution
 provider.  We fully believe the success the company experienced last year will
 be duplicated this year," said Bill Grabe, a Digiquant board member and
 partner at General Atlantic Partners.
     Digiquant's IMS is consistently being selected by wireless carriers,
 leading ISPs, and content providers for its robust service management and
 billing capabilities, its scalability and performance, and its ability to
 create, deploy, and manage multiple services from a single platform.
     "Digiquant has established its position in the market by setting new
 performance benchmarks in the challenging IP service market, and successfully
 winning and implementing IMS for multiple services at key accounts, including
 some of the largest as well as the fastest growing operators around the
 globe," commented Giuseppe Zocco, General Partner at Index Ventures.
     Erik Froberg, CEO and president of Digiquant, said, "Our ability to raise
 capital under these market conditions is a reflection of the investment
 community's belief that in the longer term our market remains strong and will
 continue to grow.  We believe we are well positioned to continue our growth
 and to execute on our business plan."
 
     About Digiquant
     Digiquant is a global provider of infrastructure software for supporting
 the delivery of services over advanced networks.  Its IMS solution is a unique
 multi-service platform providing the integrated functional modules that enable
 service management, from network integration through billing.  IMS enables
 service providers to be innovative, more efficient, and better positioned for
 growth.  More than 70 major telecommunications companies and service providers
 use IMS worldwide to manage and bill for service delivery.
     Digiquant is a privately held company with investment funding from Cisco
 Systems Inc. and IT venture capitalists General Atlantic Partners, Index
 Ventures, Vertex Management, and Morgan Stanley Dean Witter.  The Product
 Development Center is located in Denmark, with regional headquarters in the
 USA, Asia Pacific, and EMEA.  Digiquant has also established representation in
 Australia, Belgium, China, Germany, Holland, Hungary, Italy, Malaysia, Spain,
 Sweden, and the UK.  Digiquant employs more than 400 people worldwide.  More
 information can be found at www.digiquant.com .
 
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                http://tbutton.prnewswire.com/prn/11690X12628143
 
 

SOURCE Digiquant
    ATLANTA, April 23 /PRNewswire Interactive News Release/ -- Digiquant
 (formerly Belle Systems), a global provider of multi-service management
 solutions for advanced networks, today announced that the company has secured
 $20 million in additional equity funding.  General Atlantic Partners, LLC, an
 existing investor in the company, led the financing round with participation
 by existing Digiquant equity investors Index Ventures, Vertex Management, and
 Cisco Systems.
     The additional funds will be used for increased market penetration,
 continuing the company's global expansion begun in 2000, as well as to propel
 the development and deployment of the company's Internet Management System
 (IMS) solution into the rapidly expanding market for IP-based services.
 Digiquant's IMS is a multi-service platform that enhances communication and
 network service providers' ability to quickly deploy, manage, and bill for
 innovative services.
     "Digiquant has done a phenomenal job of transforming itself from a
 European Internet pioneer to a global infrastructure software and solution
 provider.  We fully believe the success the company experienced last year will
 be duplicated this year," said Bill Grabe, a Digiquant board member and
 partner at General Atlantic Partners.
     Digiquant's IMS is consistently being selected by wireless carriers,
 leading ISPs, and content providers for its robust service management and
 billing capabilities, its scalability and performance, and its ability to
 create, deploy, and manage multiple services from a single platform.
     "Digiquant has established its position in the market by setting new
 performance benchmarks in the challenging IP service market, and successfully
 winning and implementing IMS for multiple services at key accounts, including
 some of the largest as well as the fastest growing operators around the
 globe," commented Giuseppe Zocco, General Partner at Index Ventures.
     Erik Froberg, CEO and president of Digiquant, said, "Our ability to raise
 capital under these market conditions is a reflection of the investment
 community's belief that in the longer term our market remains strong and will
 continue to grow.  We believe we are well positioned to continue our growth
 and to execute on our business plan."
 
     About Digiquant
     Digiquant is a global provider of infrastructure software for supporting
 the delivery of services over advanced networks.  Its IMS solution is a unique
 multi-service platform providing the integrated functional modules that enable
 service management, from network integration through billing.  IMS enables
 service providers to be innovative, more efficient, and better positioned for
 growth.  More than 70 major telecommunications companies and service providers
 use IMS worldwide to manage and bill for service delivery.
     Digiquant is a privately held company with investment funding from Cisco
 Systems Inc. and IT venture capitalists General Atlantic Partners, Index
 Ventures, Vertex Management, and Morgan Stanley Dean Witter.  The Product
 Development Center is located in Denmark, with regional headquarters in the
 USA, Asia Pacific, and EMEA.  Digiquant has also established representation in
 Australia, Belgium, China, Germany, Holland, Hungary, Italy, Malaysia, Spain,
 Sweden, and the UK.  Digiquant employs more than 400 people worldwide.  More
 information can be found at www.digiquant.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X12628143
 
 SOURCE  Digiquant