Nokia Growth Partners Backs Oak Hill’s Intermedia

Intermedia, a Microsoft Exchange hosting provider, has received a strategic investment from Nokia Growth Partners, a global growth stage venture firm focused on mobile technology, services and media. In May 2011, Intermedia was acquired by Oak Hill Capital Partners.

PRESS RELEASE

Intermedia, a global leader in cloud services and the world’s largest Microsoft Exchange hosting provider, announced today that it received a strategic investment from Nokia Growth Partners — the leading global growth stage venture firm focused on mobile technology, services and media.

Since its founding in 1995, Intermedia has been a pioneer in offering secure, reliable, and tightly integrated business-grade cloud services, including Exchange, mobility, back-up, collaboration, voice and more, built specifically with the small- and medium-sized company in mind. In May 2011 the company was acquired by Oak Hill Capital Partners and continues to innovate and expand its cloud service offerings, growing its user base over 40 percent year-over-year. Intermedia manages an industry-leading 450,000 premium Microsoft hosted Exchange mailboxes. It distributes its suite of services to 45,000 business customers directly and through its 10,000 + global channel partners.

“We are delighted to welcome Nokia Growth Partners as our newest investor,” says Phil Koen, CEO, Intermedia. “Mobility and cloud computing are inextricably interwoven. We recently released two innovative mobile apps to make cloud management even easier for our customers’ administrators and end-users. Over 80 percent of our customer base uses Intermedia’s mobility services, and that number grows monthly. Outside of hosted Exchange, mobility is our largest offering to customers. With Nokia Growth Partners we are excited to broaden our opportunities in the mobility space.”

“Nokia Growth Partners invests in industry leading companies that are changing the face of mobility and whose businesses can benefit from a deeper relationship with Nokia,” says Paul Asel, Managing Partner of Nokia Growth Partners. “Intermedia is a leader in cloud-based enterprise services, a rapidly changing market where mobile offerings will be important. We are excited to work with Intermedia to help them achieve their strategic goals and full potential in the area of global mobility.”

Nokia is one of the world’s largest manufacturers of mobile devices. The company announced a strategic alliance with Microsoft in February 2011 and since Q3, 2011 has launched Microsoft Apps for Symbian smartphones as well as four Nokia Lumia smartphone models using Microsoft’s Windows Phone platform.

ABOUT INTERMEDIA Intermedia is the premier provider of cloud services to small and medium-sized businesses (SMBs) and the world’s largest provider of hosted Microsoft Exchange. Intermedia’s cloud offering is business grade and built specifically for the SMB. Delivered from Intermedia’s secure datacenters, the company’s Office in the Cloud(TM) suite combines Microsoft tools such as Exchange 2010 email, Lync Secure Instant Messaging, and SharePoint document management with Intermedia’s proprietary offerings for complete mobile freedom, backup, security, voice and more. The company’s proprietary cloud infrastructure assures high reliability and a certified support team is available around the clock. Intermedia also empowers thousands of partners — including managed service providers and select Fortune 500 companies — to sell cloud services under their own brand. Founded in 1995, Intermedia was the first to offer hosted Microsoft Exchange business-class cloud email and now has 450,000 premium hosted Exchange mailboxes under management — more than any other provider. For more information, visit www.intermedia.net .

About Nokia Growth Partners Nokia Growth Partners is the premier venture investor focused on growth stage companies in the mobile industry. With $350M under management, Nokia Growth Partners invests in companies and people that are changing the global face of mobility, communications and the Internet. Nokia Growth Partners offers a global perspective and deep network in the mobile industry to help accelerate company growth. We work closely with Nokia to facilitate successful partnerships between Nokia and portfolio companies. Nokia Growth Partners has offices in Sunnyvale, Helsinki, Beijing and New Delhi.

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