New Round Signifies Continued Investor Commitment to Develop Nimbuzz Into
                 Mainstream Mobile and Internet Application

    LONDON, July 2 /PRNewswire/ -- Nimbuzz (http://www.nimbuzz.com), the
comprehensive mobile VoIP and IM provider that also brings IM and voice to
social networks, has raised $15 million Second Round funding. The new round
of funding was led by Naspers/MIH (http://www.naspers.com) with Nimbuzz's
other major existing investor Mangrove Capital Partners
(http://www.mangrove-vc.com) also participating.

    Nimbuzz will use this latest funding to continue to develop its product
offering into the most comprehensive and user friendly application for the
widest range of handsets, across multiple IM and Social Network communities
and in any country.

    Founder and CEO Evert Jaap Lugt commented: "We are actively working on
strategic distribution deals with leading social networks and mobile
operators. It is our aim to blend our technology with existing mobile
internet access to upgrade the value chain for business and consumers
alike. Operators understand the need for services like Nimbuzz which
provide traffic and drive the demand for mobile data plans, an ever more
important revenue stream."

    "Nimbuzz brings IM and voice to social networks," adds Lugt. "By
incorporating our applications, social networks can offer their users fully
integrated real-time communication services like voice calls, chat, file
sharing and access to their friends in other popular IM communities such as
Skype, AIM, Yahoo, MSN and GTalk. Additionally, their online social
networking experience can be extended to the mobile phone, allowing them to
become completely connected."

    Deals with 10 major social networks and 3 operators are already on the
table. The extent of the Nimbuzz product portfolio to date has confirmed
the investors' confidence in the companies' potential to stay on top of
technology advancements and in turn become an integral part of day to day
mobile and internet communication.

    "We are well on the way to realising this aim with more than 1, 000,000
registered mobile users and more than 5,000 joining each day. The renewed
commitment from our investors, coupled with our impressive growth, gives us
important additional leverage in our discussions with both operators
looking for ways to generate loyalty amongst consumers and social networks
enabling free chat and voice communication within their community. The
uptake of applications such as Nimbuzz is driving mobile internet traffic
and in turn accelerating the demand for flat rate mobile data plans, a big
win for consumers and network operators alike."

    The continued introduction of flat rate mobile data plans provided by
operators across Europe is a sure sign of the importance of mobile internet
services to the future communications industry. Analysts such as IDC
(http://www.idc.com/getdoc.jsp?containerId=prUS21219408) suggest VoIP will
lead the communication evolution and predict that there will be around half
a billion worldwide personal IP communications subscribers by 2012. With
the benefit of this latest funding Nimbuzz will continue to capitalise on
this market opportunity and build important win-win relationships with
forward-thinking operators and strategic partners across the world.

    Nimbuzz has grown rapidly and now employs 70 people. It has opened
offices in Argentina and Brazil, where it has partnered with Abril, the
largest media company in the country. With the benefit of this latest
funding the team will work to extend Nimbuzz's reach to other platforms
including Windows Mobile, iPhone and Android and will implement additional
social and presence-based features to its clients. Announcements on these
and other developments are expected later this year.

    In 2007 Nimbuzz raised $10 million in funding, led by Mangrove Capital
Partners with investments from Naspers / MIH Group and Holtzbrinck
Ventures. This money was used for the development of the current product
offering, which allows users who download Nimbuzz access to free mobile
VoIP calling, conference calling, instant messaging, chat and group chat,
as well as photo and file sending across multiple IM communities (including
Skype, MSN, Google Talk, Yahoo!, AIM, Jabber and ICQ). It also offers a
widget which provides voice to 23 social networks, including Facebook and
MySpace - all from a single application.

    The genuine Nimbuzz mobile VoIP works worldwide on Symbian Series 60
devices when connected using a 3G or Wifi network. However users with only
a GPRS/EDGE connections, or using Java-enabled phones, can also make
international mobile VoIP calls using the Nimbuzz "hybrid-VoIP" solution
(as used by other providers like Truphone and Skype) - for making
international mobile calls at local dial-in cost - in as many as 50
countries. Impressively, the development that has already gone into Nimbuzz
means it works on more than 500 handsets worldwide.

    About Nimbuzz (http://www.nimbuzz.com)

    Nimbuzz offers a social interaction service combining presence, IM, and
VoIP. The free application is available on the mobile phone, PC and Web,
for (group)calling, instant messaging, (group)chat, file sharing across
popular IM communities, including Skype, MSN, GTalk, Yahoo!, AIM, ICQ, plus
23 social networks including Facebook and MySpace.

    About Naspers (http://www.naspers.com)

    Naspers is a multinational media company with principal operations in
electronic media (including pay-television, internet and instant-messaging
subscriber platforms and the provision of related technologies) and print
media (including the publishing, distribution and printing of magazines,
newspapers and books). The group creates media content, builds brand names
around it, and manages the platforms distributing the content.. Naspers's
most significant operations are located in South Africa, where it generates
most of its revenues, with other operations located elsewhere in
Sub-Saharan Africa, China, Central and Eastern Europe, Russia, Brazil, the
Netherlands, the USA, India and Thailand.

    About Mangrove Capital Partners (http://www.mangrove-vc.com)

    Mangrove Capital Partners provides venture capital with a punch to
entrepreneurs looking to build world class companies. We look to invest in
companies operating Internet or Software businesses as early as possible in
their development. We are particularly comfortable investing prior to
product launch and view our role as an accelerator of growth and a partner
for the journey to success. We expect to be alongside the company at all
phases of this journey and encourage entrepreneurs to fulfill their vision,
without any concessions.

    Mangrove Capital Partners has been the first institutional investor to
invest in many of the following portfolio companies: Skype, Securewave,
Dialcom Networks, Piczo, Quintura, Properazzi, Brickfish, and Jambaz.

Link to this page: