Nimbuzz Raises $15 Million in Second Round Funding



    New Round Signifies Continued Investor Commitment to Develop Nimbuzz Into
    Mainstream Mobile and Internet Application

    LONDON, July 2 /CNW/ - Nimbuzz (http://www.nimbuzz.com), the
comprehensive mobile VoIP and IM provider that also brings IM and voice to
social networks, has raised $15 million Second Round funding. The new round of
funding was led by Naspers/MIH (http://www.naspers.com) with Nimbuzz's other
major existing investor Mangrove Capital Partners (http://www.mangrove-vc.com)
also participating.
    Nimbuzz will use this latest funding to continue to develop its product
offering into the most comprehensive and user friendly application for the
widest range of handsets, across multiple IM and Social Network communities
and in any country.
    Founder and CEO Evert Jaap Lugt commented: "We are actively working on
strategic distribution deals with leading social networks and mobile
operators. It is our aim to blend our technology with existing mobile internet
access to upgrade the value chain for business and consumers alike. Operators
understand the need for services like Nimbuzz which provide traffic and drive
the demand for mobile data plans, an ever more important revenue stream."
    "Nimbuzz brings IM and voice to social networks," adds Lugt. "By
incorporating our applications, social networks can offer their users fully
integrated real-time communication services like voice calls, chat, file
sharing and access to their friends in other popular IM communities such as
Skype, AIM, Yahoo, MSN and GTalk. Additionally, their online social networking
experience can be extended to the mobile phone, allowing them to become
completely connected."
    Deals with 10 major social networks and 3 operators are already on the
table. The extent of the Nimbuzz product portfolio to date has confirmed the
investors' confidence in the companies' potential to stay on top of technology
advancements and in turn become an integral part of day to day mobile and
internet communication.
    "We are well on the way to realising this aim with more than 1,000,000
registered mobile users and more than 5,000 joining each day. The renewed
commitment from our investors, coupled with our impressive growth, gives us
important additional leverage in our discussions with both operators looking
for ways to generate loyalty amongst consumers and social networks enabling
free chat and voice communication within their community. The uptake of
applications such as Nimbuzz is driving mobile internet traffic and in turn
accelerating the demand for flat rate mobile data plans, a big win for
consumers and network operators alike."
    The continued introduction of flat rate mobile data plans provided by
operators across Europe is a sure sign of the importance of mobile internet
services to the future communications industry. Analysts such as IDC
(http://www.idc.com/getdoc.jsp?containerId=prUS21219408) suggest VoIP will
lead the communication evolution and predict that there will be around half a
billion worldwide personal IP communications subscribers by 2012. With the
benefit of this latest funding Nimbuzz will continue to capitalise on this
market opportunity and build important win-win relationships with
forward-thinking operators and strategic partners across the world.
    Nimbuzz has grown rapidly and now employs 70 people. It has opened
offices in Argentina and Brazil, where it has partnered with Abril, the
largest media company in the country. With the benefit of this latest funding
the team will work to extend Nimbuzz's reach to other platforms including
Windows Mobile, iPhone and Android and will implement additional social and
presence-based features to its clients. Announcements on these and other
developments are expected later this year.
    In 2007 Nimbuzz raised $10 million in funding, led by Mangrove Capital
Partners with investments from Naspers/MIH Group and Holtzbrinck Ventures.
This money was used for the development of the current product offering, which
allows users who download Nimbuzz access to free mobile VoIP calling,
conference calling, instant messaging, chat and group chat, as well as photo
and file sending across multiple IM communities (including Skype, MSN, Google
Talk, Yahoo!, AIM, Jabber and ICQ). It also offers a widget which provides
voice to 23 social networks, including Facebook and MySpace - all from a
single application.
    The genuine Nimbuzz mobile VoIP works worldwide on Symbian Series 60
devices when connected using a 3G or Wifi network. However users with only a
GPRS/EDGE connections, or using Java-enabled phones, can also make
international mobile VoIP calls using the Nimbuzz "hybrid-VoIP" solution (as
used by other providers like Truphone and Skype) - for making international
mobile calls at local dial-in cost - in as many as 50 countries. Impressively,
the development that has already gone into Nimbuzz means it works on more than
500 handsets worldwide.

    About Nimbuzz (http://www.nimbuzz.com)

    Nimbuzz offers a social interaction service combining presence, IM, and
VoIP. The free application is available on the mobile phone, PC and Web, for
(group)calling, instant messaging, (group)chat, file sharing across popular
IM communities, including Skype, MSN, GTalk, Yahoo!, AIM, ICQ, plus 23 social
networks including Facebook and MySpace.

    About Naspers (http://www.naspers.com)

    Naspers is a multinational media company with principal operations in
electronic media (including pay-television, internet and instant-messaging
subscriber platforms and the provision of related technologies) and print
media (including the publishing, distribution and printing of magazines,
newspapers and books). The group creates media content, builds brand names
around it, and manages the platforms distributing the content. Naspers's most
significant operations are located in South Africa, where it generates most of
its revenues, with other operations located elsewhere in Sub-Saharan Africa,
China, Central and Eastern Europe, Russia, Brazil, the Netherlands, the USA,
India and Thailand.

    About Mangrove Capital Partners (http://www.mangrove-vc.com)

    Mangrove Capital Partners provides venture capital with a punch to
entrepreneurs looking to build world class companies. We look to invest in
companies operating Internet or Software businesses as early as possible in
their development. We are particularly comfortable investing prior to product
launch and view our role as an accelerator of growth and a partner for the
journey to success. We expect to be alongside the company at all phases of
this journey and encourage entrepreneurs to fulfill their vision, without any
concessions.
    Mangrove Capital Partners has been the first institutional investor to
invest in many of the following portfolio companies: Skype, Securewave,
Dialcom Networks, Piczo, Quintura, Properazzi, Brickfish, and Jambaz.





For further information:

For further information: Media Kit: http://www.nimbuzz.com/press;
Contact: Lisa Meakin, +44(0)7968-363714, lmeakin@parys.com

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