OneAccess Networks, a manufacturer of access routers for telecommunications carriers and corporate networks, announced today that two major investment funds, T-Com Venture Fund and Innovacom took over 21% of OneAccess share capital. The two new investment funds are deeply involved in the telecommunication market. They will bring a thorough expertise of Telco's expectations and connections to a large network of Telco's industry related companies.

OneAccess Networks has built a strong position in the European IP-VPN Carrier Class access router market as well as a leading expertise of deployment of large Data and VoIP networks over the last two years. OneAccess Networks takes on its strategy of partnership with Telco's. Today, this ambition is confirmed by the completion of the series C financing from Telco's investors.

This capital increase ends the process started mid 2004 for building a strong company. Total amount raised during the third financial round tops EUR10M. OneAccess Networks is comfortably fuelled to expand with new products, to increase its market share, and to develop its presence in key countries like Germany, United Kingdom and Spain.

"We enjoyed in 2004 a growth rate of 100% and we plan to repeat it in 2005. The T-Com Venture Fund and Innovacom will help us to keep focused on bringing extra value to all our customers over Europe." said Bertrand Meis, CEO of OneAccess Networks.

"Our strategic investment in OneAccess Networks fits perfectly with our consistent broadband strategy enabling T-Com and the operating arms of the Deutsche Telekom to deliver high-value innovative services to their customers.", commented Georg Schwegler, Managing Director - T-Com Venture Fund. "OneAccess is an outstanding investment opportunity and the right partner for our strategy."

"We are delighted to be adding OneAccess Networks to our portfolio of technology leading vendors", said Francois Scolan, General Partner - Innovacom. "We have been amazed by OneAccess recent successes and by the number of Telco's adopting their technology, among them France Telecom. Our aim is to create a European leader of Access Products."

FIRMS

About OneAccess Networks

OneAccess Networks designs and markets CPE-routers that address business customer's requirements for solutions with a high level of security, reliability and based on market standards for faster integration in their networks. The products provide a comprehensive set of solutions, including numerous access technologies, voice over packet and migration solution for data flows over IP networks.

The company is headquartered in Fontenay-aux-Roses, close to Paris, France.

About Innovacom

Since its creation by France Telecom in 1988, Innovacom has helped launch innovative telecommunication and information technology start ups since 1988, such as Business Objects, Cobalt Networks, Gemplus, Infovista, Intershop, Kelkoo, LastMinute.com, Soitec, and Tumbleweed. With 400 million Euros under management an officies in Paris, Stockholm, and San Francisco, Innovacom is an active early-stage investor in Europe and North America.

Innovacom's Managing Directors are Denis Champenois, Jerome Lecoeur, Jacques Meheut, and Francois Scolan.

About T-Com Venture Fund

T-Com Venture Fund was established in July 2004 and is managed by T-Venture, the Venture Capital entity of Deutsche Telekom. The main target is to support T-Com - Telekom's broadband/fixed network division focussing on the consumer market - to achieve its goals by investing in innovative start-up companies with a strategy fitting into T-Com's business line.

Start-up companies in Europe and Northern America with innovative technologies, service and business models for broadband and IP-networks as well as companies with interesting technologies and services for voice applications are the core of the investment focus of T-Com Venture Fund.

INFO SOURCE

OneAccess