IntelePeer, Inc.

“CAPX HAS BEEN WITH INTELEPEER SINCE 2005. OVER THAT TIME WE HAVE DEVELOPED A GREAT DEAL OF TRUST. WE LOOK FORWARD TO CONTINUE TO WORK WITH THEM AND WELCOME CONVERGENT CAPITAL AS AN ADDITIONAL FINANCIAL PARTNER HELPING TO ACCELERATE OUR GROWTH.”Andre Simone, CFO

INVESTMENT SITUATION

IntelePeer pioneered the development of cloud-based communications services. Its on-demand platform, called CloudWorx™, delivers high-quality voice, video, rich-media and other communications services over any connected device. The CloudWorx platform combines an extensive Media Peering Grid™ service, a SuperRegistry® global directory of more than 450 million telephone numbers and end point identifying addresses as well as sophisticated and intelligent routing software, and the AppWorx® communication-enabling application development environment and tools. IntelePeer enables business and service provider customers to rapidly and cost-effectively transition from legacy telecommunications networks to next-generation IP-based communications, with little or no additional capital expenditures. As a result, customers improve their return on investment on communications equipment and services.

IntelePeer’s scalable platform is built to thrive in an ultra-high volume managed service environment using a highly variable cost structure that avoids the fixed costs of legacy telecom networks. Automation, proprietary software and web-based operations ensure cost structure remains almost entirely variable. Additionally, it unlocks new voice and video service capabilities for customers connected to its platform. This unique functionality combined with a disruptive cost advantage allows IntelePeer to transform incumbent telecommunications business models built on artificial prices, geographic boundaries, and capital intensive networks.

In order to support their continuing growth, IntelePeer requires additional CapX as they continue to expand their customer base and platform globally.

THE CAPX SOLUTION

IntelePeer and CapX began their partnership with a growth capital lease line of $1.25 Million in 2005. CapX has continued to underwrite the company and their growth needs allowing the Company to concentrate on its core business.

The most recent ask by IntelePeer was for $11 Million. This large request provided the opportunity for CapX to lead a lease line of credit facility with Convergent Capital.