XLN Telecom Wins Regional British Venture Capital PCM Award

LONDON, July 19, 2010 /PRNewswire/ -- XLN Telecom Ltd - the UK's leading provider of telecoms services for small business - has been named the regional winner of the British Venture Capital Association Portfolio Company Management Award (BVCA PCM Award) for the best Private Equity Backed Team of the Year (mid-market).

XLN Telecom, which specialises in providing small businesses high quality, low-cost fixed-line, mobile and internet services, saw its revenues grow 36% in 2009, topping GBP54 million for the year. The company now has over 125,000 business customers across the UK.

The rapid growth of the business has been the result of the business's strong management team, its industry leading technology platform, and ongoing product and services innovation. During 2009 the company completed the development and installation of an industry leading proprietary platform that allows seamless fast provisioning across multiple supply platforms and introduced its first mobile phone services to clients.

Christian Nellemann, founder and Group CEO of XLN, commented:

"As a business, our goal is to deliver exceptional shareholder value by providing the best value products and services to small businesses at the most competitive rates in the market. Through the strength of our management team we now have a highly scalable business that can continue to deliver exceptional growth in the years ahead."

The BVCA PCM Awards recognise and celebrate the managerial excellence shown by thriving and innovative British companies that are backed by private equity or venture capital. XLN Telecom now automatically qualifies for the national BVCA PCM Awards which take place in September 2010. This latest win for the company follows XLN Telecom's founder, Christian Nellemann being named a winner in the 2010 Ernst & Young Entrepreneur of the Year London & South region awards.

About XLN

XLN is committed to providing the lowest cost telecom services and highest customer service levels to the UK's small business community. Founded in 2002, XLN is now the UK's largest independent provider of telecom services to small businesses in Britain with over 125,000 business customers across the country. In 2007, XLN was ranked as the highest placed telco company in The Sunday Times Tech Track and was listed for a second consecutive year in 2008. In 2009, the company was a finalist in the Customer Focus Award category of the National Business Awards. In the same year, XLN achieved CarbonNeutral(R) status, making it one of the first companies in its sector to earn this certification. During 2010 has seen XLN win a range of awards including a Global Business Excellence Award, a Best Company Award as well as being a named finalist in the Federation of Communication Services and Fast Growth Business awards. In 2010, Christian Nellemann, founder and Group CEO was a winner of the Ernst & Young Entrepreneur of the Year London & South region award in the Business Services category. This follows him winning the Ernst & Young Entrepreneur of the Year Award for Technology and Communication in 2006.

SOURCE XLN Telecom Ltd