Privately held network-peering firm XConnect says its 2009 revenue nearly doubled from the previous year.
XConnect, based in London, said the jump is attributable to an 81 percent increase in IP traffic; a 107 percent rise in routing queries to carrier ENUM registries; and the addition of 63 new service provider customers, including those in the fixed, mobile and Web 2.0 sectors.
“Rapid uptake of next-generation IP communications is driving our growth” as operators migrate from the PSTN, Eli Katz, XConnect CEO, said in a prepared statement.
TeleGeography analyst Stephan Beckert agreed.
“International TDM traffic growth has slowed to a crawl, and is projected to start declining in the near future, while VoIP traffic continues to increase strongly,” Beckert said. “Consumers are also embracing VoIP services.”
Katz said the trends will only intensify throughout 2010, thanks in large part to deployment of advanced services such as high-definition voice and video. In fact, XConnect in January launched a three-month trial of a peering federation for HD voice-enabled carriers.
Meantime, the company also has added a point-of-presence in London. XConnect used some of the $10 million Series B financing it raised last September to open the facility and said it plans to introduce more products – mobile services included – and expand infrastructure in 2010.
XConnect said it now works with operators in 30 countries.