Press Centre

October 2007

Invomo is created following the acquisition of PNC Telecom and Band-X. As a result of the acquisitions and history of its constituent parts, Invomo is able to point to a strong heritage of innovation in both traditional TDM and IP telephony services.

Invomo, including PNC and Band-X, is now located in two sites in the UK; City Road offices in London and Corsley in Wiltshire.

1995 – formation of PNC Telecom Services Ltd

PNC Telecom Services Limited started life as The Personal Number Company in 1995 operating as a switch-less reseller. Originally formed with support from Vodafone, the business initially offered only Vodafone products.

1996 – PNC achieved an AIM listing and later a full listing on the LSE.

1997 - Band-X was founded to pioneer mediation business support that altered traditional telecommunications industry business practices. It was the first company to develop a web based trading system for telecommunications capacity.

2000 – PNC became an Oftel-licensed Network Operator.

1999 and 2001 – Band-X raised in excess of £100m over two rounds of funding from VC backed relationships with Goldman Sachs, Morgan Stanley and Madison Dearborn funding acquisitions in 7 countries throughout Europe, The Americas and South-East Asia.

2001 - Band-X opens the UK's only independent marketplace for Internet protocol (IP) transit.

2003 - PNC was sold by PNC plc to Vanguard Group Holdings Limited as part of a series of disposals.

2004 - Band-X developed its focus, majoring on the successes of their managed services business supplying carriers whose margins for international and domestic traffic were continually being pressured by price erosion of the switched minute, developing TDM and IP based services.

2005 - PNC was acquired by Curby Holdings in November 2005 and acquires Telecom1, a business with an attractive asset base and network infrastructure. This forms the core of the Invomo network activities based in the City Road location.

2006 - PNC focuses upon hosting applications rather than PRS and signs an agreement with Hewlett Packard to become their preferred UK and Ireland Hosting partner for their range of speech based solutions with an opportunity to deliver across Europe.

2006 – Band-X focuses upon its Managed Service business exiting the carrier voice market place.

2006-2007 - New business wins between March 2006 and June 2007 included MGt, AdTrader, Autotrader, Fish 4, Virgin Mobile, Vodafone/HP, RNIB, and in May 2007 a hosting agreement was reached with Genesys, the largest IVR company in the world, and part of Alcatel-Lucent.