XConnect Completes its Reorganisation

In 2016, XConnect announced the formation of the Number Information Services (NIS) business division, which evolved from XConnect’s voice Federation services. Three years on, major global business messaging players together with leading Tier 1 operators rely on XConnect’s real-time Number Information Services for routing and validation.

With the growth of the NIS business, XConnect had reached a strategic inflexion point where it was appropriate to mirror the change in our core business in our corporate structure. To achieve this, a major company reorganisation was implemented at the end of July 2019 to enable the Federation voice business and the Number Information Services divisions to operate as two separate entities. The voice federation business is now operated through XConnect Carrier Services Ltd, and XConnect Services Ltd operates the NIS business division. The former entity XC Global Networks Ltd was no longer required and has ceased to operate.

Eli Katz, Founder and CEO announced, “I am delighted that we have successfully completed our reorganisation. This is a major step and we are now poised to expand our industry leading Number Information services into new markets with additional datasets, especially fraud and identity beyond our routing services today. Combined with our planned ISO 27001 certification, we are increasingly being recognized as the leading trusted provider of real-time network and subscriber information.”

For corporate relations enquiries, please contact Neil Cohen, Finance Director.

About XConnect
XC Technology Holdings Ltd group of companies provides voice federation and number information services (NIS) through its subsidiaries. The NIS portfolio delivers trusted, accurate, low latency network and subscriber information from a global real-time database containing billions of phone numbers and processing millions of updates every day. XConnect’s NIS processes billions of queries a year using its patented INDEX platform on a global network of PoPs and Cloud-based platforms. It delivers carrier-grade resilience with multi-jurisdictional privacy compliance.

08/01/2019

XConnect

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