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Computerwire.com (9/12/2003)
Nexagent Receives $26.1m Funding for Global Roll-Out

Nexagent Ltd, a provider of independent multi-carrier interconnect services, has closed 15m pounds ($26.1m) series B funding which brings the total amount raised by the London , UK-based company to 28.2m pounds ($49.1m).

Nexagent claims to apply the principles of supply chain management to global wide area networking so that companies can have access to a multi-carrier IP VPN. They can select their optimal carrier in each country and use Nexagent's interconnect points and monitoring services to link the carriers together.

The funding will be used to complete the global roll-out of Nexagent's shared interconnect and monitoring points.Funding was led by Apax Partners Funds with contributions from existing investors Atlas Venture, Benchmark Capital, Quester Capital, and Lago Ventures

By Bryan White