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VoiceAge Networks Corporation

Innovacom Joins Series A Funding for VoiceAge Networks

Montreal, Canada (ots/PRNewswire)

VoiceAge Networks Corporation,
a leader in multimedia content  adaptation, today announced it has
received a USD$2 million investment from  Innovacom, the venture
capital subsidiary of France Telecom. This strategic  funding is an
add-on to the USD$10 million Series A financing that VoiceAge
Networks initially closed in November 2004, led by BCE Capital
(affiliate  of Bell Canada Enterprises) and partners Entrepia
Ventures, BDC Venture  Capital, and VoiceAge Corporation.
VoiceAge Networks also confirmed that its SPOTxde(R) Server rich
media  adaptation solution had been successfully deployed for a
number of Tier 1  and Tier 2 service providers in recent months.
Providing both network and  device level interoperability, these
installations will guarantee optimized  delivery of content and full
multimedia messages to an aggregate of well  over 100 million mobile
subscribers worldwide.
"VoiceAge Networks is a clear leader in rich media content
adaptation  with proven deployments by Tier 1 service providers.
Their solution answers  a real and growing pain point in the market.
We truly believe that they  have the best technology out there and
will continue to be adopted by a  very fast growing customer base,
which creates an enormous opportunity for  the company", said
Frédéric Veyssière, General Partner with Innovacom.
"This add-on investment is of great importance to VoiceAge
Networks.  Innovacom is a highly valued investor that will help us
accelerate our  expansion in Europe and other parts of the world.
They have an excellent  track- record in helping build successful
ventures. Their participation in  our company is a clear sign of
confidence regarding our long-term growth  prospects", said Jean
Mayrand, Chief Executive Officer of VoiceAge Networks.
In addition, the company announced the appointment of Frédéric
Veyssière to its board of directors. Mr. Veyssière is joined by
existing  directors Joe Catalfamo of BCE Capital, Amitabh Srivastava
of Entrepia  Ventures, Sylvain Desjardins of VoiceAge Corporation,
Gary R. Donahee, and  Jean Mayrand and Allan Benchetrit, co-founders
and respectively CEO and COO  of VoiceAge Networks.
ABOUT Innovacom
For over seventeen years, Innovacom has invested in the
entrepreneurs  building the telecom and information technologies of
tomorrow. Innovacom  works with some of the brightest minds in the
business, the early stage  companies focused on the components,
hardware, software and content that  improve the ability of telecom
carriers to deliver services. As the venture  subsidiary of France
Telecom, Innovacom is uniquely positioned to help its  portfolio
companies not only with capital, but with connections to the best
research and deployment facilities in Europe and North America. Past
investments include Business Objects, Cobalt Networks, Gemplus,
Infovista,  Intershop, Kelkoo, Soitec, and Tumbleweed. With 400
million Euros under  management, Innovacom has offices in Paris,
Stockholm, and San Francisco.  For more information, visit
www.innovacom.com .
ABOUT VoiceAge Networks
VoiceAge Networks is a leading solution provider in the emerging
multimedia content adaptation market, a technology that addresses the
impediments to the seamless delivery of mobile rich-media services,
including MMS. Its carrier-grade product, SPOTxde(R) Server,
effectively  eliminates device and network interoperability errors
while allowing  virtually all devices to participate in revenue
generating value-added  services. Offering carrier grade high
availability, linear scalability, and  exceptional performance,
SPOTxde(R) Server can be implemented as a Single  Point of
Transcoding in the network and be used for all of the content
adaptation needs of Mobile Network Operators and Content Service
Providers.  VoiceAge Networks participates and supports such
standards bodies as 3GPP,  3GPP2, and the Open Mobile Alliance (OMA),
and chairs the OMA sub-committee  for the Standard Transcoding
Interface (STI).

Contact:

For further information: VoiceAge Networks, Contact: Stéphane Vidal,
Director of Marketing, +1-(514)-866-1717 x250,
www.voiceagenetworks.com