T-Online Venture Fund Invests in Axentra



    HipServ Home Server Software Platform Gets Backing from Tier One Service
Provider

    BONN, GERMANY & OTTAWA, October 23 /CNW/ - T-Online Venture Fund today
announced an investment in Axentra, makers of the award-winning HipServ Home
Server software platform that puts consumers' digital content at their
fingertips, both in the home and remotely. The fund is managed by T-Venture
Holding GmbH, the corporate venture capital entity of Deutsche Telekom. The 6
million US$ Series A funding in Axentra is led by T-Online Venture Fund.

    The investment is part of a broader strategic initiative to equip
Deutsche Telekom business units with technology that can be used to offer
value-added services to mobile and broadband customers. Deutsche Telekom, also
known in the US for their mobile arm, T-Mobile, is one of the worldwide
leading telecommunication companies with over 61 Billion Euros Revenue (80
Billion Dollars) in 2006.

    "We designed our HipServ platform to address the need of OEMs and service
providers for a simple and affordable personal media serving and sharing
solution. The fact that T-Online Venture Fund recognized the value of the
platform for Deutsche Telekom-affiliated companies clearly demonstrates the
merits of our technology," said Marc-Antoine Benglia, CEO of Axentra. "This
investment is significant not only as an immediate funding source but also as
an indication that HipServ will quickly gain market traction among other
providers."

    "The home server is becoming an essential part of the digital home. The
challenge has been to deliver a smart, easy-to-use and economical solution,"
said Dr. Volker Binder, Senior Vice President, Near Access Services, Deutsche
Telekom. "Axentra's HipServ is a platform with the broadest and easiest
functionality and hardware compatibility we have seen, and we believe it has
the potential to become the standard in the industry."

    HipServ is a file and media server solution that enables users to
centrally organize, find and manage their photos, music, home video, recorded
TV and personal documents at home or on the road. It streams photos, music,
and video throughout the home as well as enabling seamless sharing and remote
access for friends and family. It is compatible with both Windows and Mac
computers, Sony PlayStation 3 and Microsoft Xbox360, UPnP or DLNA certified
digital media players, IP-enabled TVs, and Web-enabled mobile devices,
providing a wide range of access options.

    As a complete home server software platform and applications suite,
HipServ allows OEMs and service providers to quickly go to market with a
branded home server solution that can be used as a delivery platform for
custom services. It powers the leading home server appliances; provides
complete security from any broadband connection; sets up in minutes; and is
available at an affordable price point that allows OEMs and service providers
to offer simple, smart and affordable solutions such as LaCie's recent
release, the Ethernet Disk Mini - Home Edition, powered by HipServ, that
includes 500GB of storage combined with a robust home server for under $200
USD suggested retail price.

    About Axentra

    Axentra is the leading provider of home server platforms for smart
appliances and PCs. The HipServ software platform puts digital photos, music
and videos at consumers' fingertips in the home and remotely in a simple and
affordable package. It is a modular and scalable solution that enables users
to save, show, sync and share their digital content anytime, anywhere. HipServ
is sold through OEMs and service providers who want to offer next-generation
smart appliances with technology that can be used to provide value-added
services to mobile and broadband customers. The company is headquartered in
Ottawa, Canada, with a U.S. office in the San Francisco area. Additional
information is available at www.axentra.com.

    About T-Online Venture Fund

    The T-Online Venture Fund was established in 2001 and is equipped with an
investment volume of EUR 100 million. It is managed by T-Venture, the venture
capital entity of Deutsche Telekom. Its aim is to support the strategic
business segment Broadband/Fixed Network of Deutsche Telekom in its
objectives. For additional information about T-Venture and the T-Online
Venture Fund please visit www.t-venture.de.




For further information:

For further information: S&S Public Relations Heather Kelly,
719-634-8274 heather@sspr.com or Axentra Corporation Erica Comeau,
613-668-3367 erica.comeau@axentra.com or T-Venture Holding GmbH Sabine Kohl,
+49 228 30848-95 t-venture@telekom.de Fax: +49 2151 33627604

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AXENTRA

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